Car Wash Self-service Business Plan Leave a comment

Auto Paradise is an innovative start-up company that requires $934,100 in order to open a two-bay auto and four-bay self service car wash. This will provide exceptional car care services for residents of San Angelo. Quality services that will exceed expectations will establish Auto Paradise as the premiere car wash service in San Angelo, Texas. Bobby and Vicki Lewallen have pledged $45,000 and are seeking investors to raise $150,000 more, which is 20% of the company stock. This will establish the company as well as securing a Small Business Administration loan of $740,000. Auto Paradise promises to provide the highest quality vacuum/shampoo, self-serve carwash and laser car wash. Auto Paradise also offers ATM services and sells reverse osmosis water (RO) on-site.

Auto Paradise has an excellent management team. Auto Paradise Texas Corporation’s President and Chief Executive Officer (C) will be Mr. Lewallen. His extensive leadership, management, organizational and managerial experience is a plus. He has served our country for the last 10 years as an officer in the United States Army. He was a Company Commander for two years and a Brigade Logistics officer for one year over the course of those 10 years. As such, he was responsible for planning, coordination, and executing many complex deployments.

Extensive research indicates that the mild winter climate in San Angelo will support steady year-round sales. Further, Auto Paradise’s Avenue N location and marketing campaign will attract the local residents, Angelo State University community and Goodfellow Air Force Base customers. Auto Paradise will be located at the intersection of two major roads, San Angelo. Direct competition is limited only to dated ‘#8220’tunnels, friction car washes or lube &washes. Auto Paradise is proud to offer the Laserwash 4000 â#8220touchless, spotless â#8221 system. Washing Equipment of Texas will be located in San Angelo.

Auto Paradise opens in 90 days from the time that financing is secured. Mr. Lewallen offers several investment options in Auto Paradise.

1. Company stock: Mr. Lewallen is offering 20% company stock to potential investors. He also offers 1% company stock for $7500. This capital will be used to establish the first Auto Paradise store. Auto Paradise plans to distribute $2,500 per 1% share each of the first three years.
2. Secured Investment: Mr. Lewallen is offering a guaranteed 10% annual return for a three year investment. Mr. Lewallen can secure these investments using his personal assets/investments.

Mr. Lewallen will obtain an SBA loan from Compass Bank in San Antonio to help ensure Auto Paradise’s success in the first months of its operation. The $740,000.400 loan includes two elements that help build capital. First, the loan contains a 10% ($69,000 ) construction contingency. It will convert into operating capital if the construction cost are within the estimates. It also includes nine monthly interim interest that will defer the long term mortgage payment.

It is clear that Mr. Lewallen has the ability and willingness to spend substantial cash in starting this business. This is furthered because he does not depend on profits from the business for his personal needs during the first 6-12 month period. These factors will allow Mr. Lewallen’s expansion to a second location in the first two year of operation.

1.1 Objectives

1. Average monthly sales are $28,000

2. Twelve months after opening Auto Paradise, open second location.

3. Provide initial investors a 33% ($2,500/share) distribution each of the first three years to recover initial investment.

1.2 Mission

Auto Paradise strives to provide the best car care experience for its customers. The company puts all of its effort and resources into providing customers with the best possible experience.

1.3 Keys to Success

Auto Paradise, located near the intersection of San Angelo’s two main roads, will be open. Direct competition is limited to outdated “tunnel” or friction car washes, lube & washes and convenience stores.

Auto Paradise will boast the Laserwash 4000 “touchless, spot-free” system. Washing Equipment of Texas, (WET) can be found in San Angelo. They will provide all equipment as well as maintenance support.