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