Sanam Ali like revolutionary concept of GeoWash, its comprehensive ecological vehicle care services which is ideal for today’s growing market demand. She believes that its best way of car wash without having to move cars from their parking spots.
2. 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 youWorking through a template will bring you
the information you need to decide if thethe information you need to decide if the
business can be successful – and how tobusiness can be successful – and how to
make it successfulmake it successful
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3. KNOW THE INDUSTRYKNOW THE INDUSTRY
What are the strengths and weaknessesWhat 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
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4. How many competitors are thereHow many competitors are there
How much will it cost, where will theHow much will it cost, where will the
funds come from, what are the financialfunds come from, what are the financial
dangersdangers
What staff will you needWhat staff will you need
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5. WHAT KIND OF CAR WASHWHAT KIND OF CAR WASH
Decide on the car wash concept that suitsDecide 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 latestHigh tech facility with all the latest
equipment and servicesequipment and services
Add-ons like dog wash, detailingAdd-ons like dog wash, detailing
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6. THE TARGET MARKETSTHE TARGET MARKETS
the location choicethe location choice
the target customersthe target customers
the growth potentialthe growth potential
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7. THE MARKETING PLANTHE MARKETING PLAN
how do you bring customers to the carhow do you bring customers to the car
washwash
how do you ensure that they come backhow 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
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8. 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 structurewhat staffing and management structure
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9. 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, howeverlist all the capital expenses, however
small – signage, planning permits, plantssmall – signage, planning permits, plants
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10. 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 yourwhat will happen if you don’t reach your
budgeted income levels, what adjustmentsbudgeted income levels, what adjustments
can be madecan be made
what are the exits costs – the worst-casewhat are the exits costs – the worst-case
scenarioscenario
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11. CONFIDENCECONFIDENCE
it 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 ifyou 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
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12. ANOTHER BENEFITANOTHER BENEFIT
a detailed business plan covering alla detailed business plan covering all
these topics has been developed forthese topics has been developed for
ACWA members and for equipmentACWA members and for equipment
suppliers to give to potential new carsuppliers to give to potential new car
wash investorswash investors
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