Car Wash Business Plan Leave a comment

Opportunity

Problem

East Meadow long island and the surrounding area are very wealthy. Over 40% of its residents earn more than $70,000 annually. They have nice cars and want them looking nice. Within a 3-mile radius, there are five car dealerships that will need to wash their vehicles. There are many local businesses that own company cars. They need to look clean. All these potential customers need a car washed that suits their budget and meets their needs. We’re happy to fill this need.

Solution

Soapy Rides provides three services for customers: exterior and interior car washing, detailing, and cleaning. Soapy Rides offers high-quality services at an affordable price.

Market

The area offers many benefits to the business in terms of its market. More than 40% of the households living in this area earn more than $70,000 each year. People living in the neighborhood either own or lease new cars. They are very proud of how they look. There are many car dealers in the area; five within three mile of the proposed Soapy Rides venue.

Concurrence

East Meadow also boasts a hand-car wash shop. It is relatively new, and it is trying to compete against automated car washes by offering lower prices. It does not target customers looking for high-quality cleaning.

Why Us

Soapy Rides is offering three services to its customers: exterior, interior, and detailing. Soapy Rides does not have any competitors who are offering a comparable service at a low price.

Expectations

Forecast

Initial financing will come from Mark Deshpande’s personal investment. Cash flow will finance future growth. While this will slow down the company’s growth, it will allow Mark to retain control of its direction. It is hoped that in year three the company will be able opening a second facility. The company will seek equity or outside funding at this time.

Financial Highlights by Year

Financing Needed

Mark Deshpande will spend $40,000 to transform the area into a car wash.