Self Service Car Wash Business Plan
In drafting a self service car wash business plan, use the sample plan below to get your creative energies flowing. This plan can be edited directly with Business Plan Software
Free Sample Car Wash Business Template: Self Service and Automated
Executive Summary
This car wash business plan proposes launching a location containing both self service bays and a fully automated car wash . The business will have two automatic bays and four self-serve car wash bays. This plan is written to get funding for the business. The business startup funding needed will be $934,000.
Auto Paradise will be dedicated to offering the highest quality automatic car wash, self-serve car wash and vacuum/shampoo services. Auto Paradise will also offer ATM services and will sell reverse osmosis (RO) water on site.
The founders pledge $45,000 and are looking for investors to raise an additional $150,000, which represents 20% of the company stock, to establish the company and to secure a Small Business Administration (SBA) loan of $740,400.
Self Service Car Wash Business Plan Forecast:
Sales, Margin, Net Profit
Business Plan Major Objectives:
- 1. Average monthly sales of $28,000.
2. Establish second site 12 months after first Auto Paradise opens.
Services Overview
The founders realize the car wash industry, top to bottom, is a service industry. Auto
Paradise will establish itself as the premier car wash facility in town by providing a quality
service for a competitive price and by focusing our staff on customer service. We will offer the following services to the community:
- Laser "touch-free and spot-free" car wash
- Four "self-serve" bays ($1.25 for 4 min cycle)
- Vacuum and car wash vending services
Start Up Financing
Auto Paradise will open approximately 90 days after securing financing. Mr. Lewallen, who will be CEO, is offering several ways to invest in Auto Paradise:
- Company stock: Mr. Lewallen is offering 20% of company stock to investors: offering 1% of company stock for $7,500. This capital will help establish the first Auto Paradise location. Auto Paradise plans to distribute $2,500 per 1% share each of the first three years.
- Secured Investment: Mr. Lewallen is offering a guaranteed 10% annual return for a three year investment. Mr. Lewallen is willing to secure these investments with personal assets/investments.
Self Service Car Wash Annual Profit Forecast
The SBA loan that the founders will secure is structured to ensure the new car wash business's success during its early months of operation. The $740,400 loan includes two elements designed to help build operating capital.
First, the loan includes a 10% ($69,000) construction contingency that will convert to operating capital if the construction costs are consistent with the estimate. It also includes nine months of interim interest which will defer the long-term mortgage payment.
View Rest of This Self Service Car Wash Business Plan, Including Cash Flow, Profit and Loss, and Market Analysis.
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