CAR WASH MODEL BUSINESS PLAN
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Transcript CAR WASH MODEL BUSINESS PLAN
CAR WASH
MODEL BUSINESS PLAN
NEW VENTURE…..
Why have you chosen this business?
What do you need to know?
Working through a template will bring you
the information you need to decide if the
business can be successful – and how to
make it successful
KNOW THE INDUSTRY
What are the strengths and weaknesses
of the car wash industry
What factors are affecting it at this time
Where are the markets
How many competitors are there
How much will it cost, where will the
funds come from, what are the financial
dangers
What staff will you need
WHAT KIND OF CAR WASH
Decide on the car wash concept that suits
you and the funds available…
Stand
alone manual and automatic
Hand wash – maybe franchise
High tech facility with all the latest
equipment and services
Add-ons like dog wash, detailing
THE TARGET MARKETS
the location choice
the target customers
the growth potential
THE MARKETING PLAN
how do you bring customers to the car
wash
how do you ensure that they come back
again – a regular habit
how do you increase the “spend”
how do you attract more customers
OPERATIONS
Having decided on what you want to do,
more detail is needed…
what equipment will you start with
what chemicals will you use
what staffing and management structure
FINANCIALS
The sticky bit, nothing must be left to chance
find a similar financial model to yours
knowing your site & your target markets,
adjust the budget income and expenses
list all the capital expenses, however
small – signage, planning permits, plants
THE CAPITAL RISK
how much money will you borrow
how much will you invest of your own
what will happen if you don’t reach your
budgeted income levels, what adjustments
can be made
what are the exits costs – the worst-case
scenario
CONFIDENCE
it takes time to complete a business plan but
it will give you the answers you need
you have faced up to what might happen if
its not as good as you hoped
you have a model to work with
it gives you confidence to make decisions
it gives lenders confidence to lend to you
ANOTHER ACWA BENEFIT
a detailed business plan covering all
these topics has been developed for
ACWA members and for equipment
suppliers to give to potential new car
wash investors
it will be available for sale from ACWA
in October