car wash model business plan. new venture….. why have you chosen this business? what do you need...
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CAR WASHCAR WASHMODEL BUSINESS PLANMODEL BUSINESS PLAN
NEW VENTURE…..NEW VENTURE…..
Why have you chosen this business?Why have you chosen this business?
What do you need to know?What do you need to know?
Working through a template will bring you Working through a template will bring you the information you need to decide if the the information you need to decide if the business can be successful – and how to business can be successful – and how to make it successfulmake it successful
KNOW THE INDUSTRYKNOW THE INDUSTRY
What are the strengths and weaknesses What are the strengths and weaknesses of the car wash industryof the car wash industry
What factors are affecting it at this timeWhat factors are affecting it at this time
Where are the marketsWhere are the markets
How many competitors are thereHow many competitors are there
How much will it cost, where will the How much will it cost, where will the funds come from, what are the financial funds come from, what are the financial dangersdangers
What staff will you needWhat staff will you need
WHAT KIND OF CAR WASHWHAT KIND OF CAR WASH
Decide on the car wash concept that suits Decide on the car wash concept that suits you and the funds available…you and the funds available…
Stand alone manual and automaticStand alone manual and automatic Hand wash – maybe franchiseHand wash – maybe franchise High tech facility with all the latest High tech facility with all the latest
equipment and servicesequipment and services Add-ons like dog wash, detailingAdd-ons like dog wash, detailing
THE TARGET MARKETSTHE TARGET MARKETS
the location choicethe location choice
the target customersthe target customers
the growth potential the growth potential
THE MARKETING PLANTHE MARKETING PLAN
how do you bring customers to the car how do you bring customers to the car washwash
how do you ensure that they come back how do you ensure that they come back again – a regular habitagain – a regular habit
how do you increase the “spend”how do you increase the “spend”
how do you attract more customershow do you attract more customers
OPERATIONSOPERATIONS
Having decided on what you want to do, Having decided on what you want to do, more detail is needed…more detail is needed…
what equipment will you start withwhat equipment will you start with
what chemicals will you usewhat chemicals will you use
what staffing and management structure what staffing and management structure
FINANCIALSFINANCIALS
The sticky bit, nothing must be left to chanceThe sticky bit, nothing must be left to chance
find a similar financial model to yoursfind a similar financial model to yours
knowing your site & your target markets, knowing your site & your target markets, adjust the budget income and expensesadjust the budget income and expenses
list all the capital expenses, however list all the capital expenses, however small – signage, planning permits, plantssmall – signage, planning permits, plants
THE CAPITAL RISKTHE CAPITAL RISK
how much money will you borrowhow much money will you borrow
how much will you invest of your ownhow much will you invest of your own
what will happen if you don’t reach your what will happen if you don’t reach your budgeted income levels, what adjustments budgeted income levels, what adjustments can be madecan be made
what are the exits costs – the worst-case what are the exits costs – the worst-case scenarioscenario
CONFIDENCECONFIDENCEit takes time to complete a business plan butit takes time to complete a business plan but
it will give you the answers you needit will give you the answers you need
you have faced up to what might happen if you have faced up to what might happen if its not as good as you hopedits not as good as you hoped
you have a model to work withyou have a model to work with
it gives you confidence to make decisionsit gives you confidence to make decisions
it gives lenders confidence to lend to youit gives lenders confidence to lend to you
ANOTHER ACWA BENEFITANOTHER ACWA BENEFIT
a detailed business plan covering all a detailed business plan covering all these topics has been developed for these topics has been developed for ACWA members and for equipment ACWA members and for equipment suppliers to give to potential new car suppliers to give to potential new car wash investorswash investors
it will be available for sale from ACWA it will be available for sale from ACWA in Octoberin October