Before embarking on writing a business plan for starting a car wash, a definition of what a business plan is in order. The old saying that “those who fail to plan, plan to fail” is very relevant when talking about starting a business. Getting Started The first step in creating a business plan is just getting started. The Business Description of a business plan is aimed at painting a picture of your business and why this business will be successful. Last financial projections show in numbers what you explained in the business plan for the sales and expenses.
Executive Summary
Business Description
Marketing
Managers ; Employees
Operations ; Location
Financial ProjectionsIn addition to these sections, a business plan should also have a cover, title page and table of contents.How Long Should Your Business Plan Be?The answer that nobody liked in school applies to a business plan which is, “as long as it needs to be”. An average car wash business plan narrative should be 4-15 pages plus financials and appendix items. Business Plan OutlineExecutive SummaryThe executive summary is the first part of the business plan but is the last to be written. Explain the condensed version of the business concept
Product description or service proposition
The demographics of your market
The Management team
When the anticipated start date is
Your equity position
You will go into more detail later in the business plan. Business DescriptionThe purpose of the business description is to objectively describe the car wash business details and future potential include:
Mission
What the business does
Description of products and/or services
Industry information
Business Organization
Status of the business (start-up, expansion or purchasing)
Current and future goalsAny facts or figures should be noted and sources included in the business plan. MarketingA very important part of your business plan is the marketing section. Industry journals
Trade groups
Car washes in similar demographic areas
Industry experts
What positions need to be filled
Board of directors
Consultants
Accountants
Attorneys
Bankers
MentorsOperations ; Location The operations and location section of the plan illustrates how you are going to make or acquire your product and information about your business location.
Building description
What is the size
Where is it located
Specific reasons for this property
Zoning
Add pictures to the appendix
Add a floor plan to the appendix
Purchase price or monthly rent/lease
Include sales/rent/lease agreement in appendix
The information already provided in the narrative portion of the business plan must match the financial projections. Notes ; Assumptions to Financial ProjectionsLoans
Break out each loan (building, equipment, inventory)
Amount
Interest rate
LengthAnd any monthly costs not discussed in business plan narrative
Cost of goods/inventory
Advertising
Employee wages
Insurance
License ; fees
Miscellaneous
Professional fees
Rent/property taxes
Repairs ; maintenance
Supplies
Telephone
Utilities
Vehicle expense
Etc.
Cash Flows - The cash-flow statement is one of the most important pieces of your business plan. Include details and studies used in your business plan; for example:
Quotes for items over $500
Resumes of the management team
Industry research
Demographic data and trends
Maps/floorplans/blueprints of location
Leases and contracts
Letters of supportThere is a lot to creating your business plan but will definitely make your business stronger. You can use these to help get started creating your business plan and then modify it for your car wash business.
Additionally, business plan help can be found at;
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