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Financial Strategies for a Mobile Car Wash Business Plan

Writing a business plan for a mobile car wash is fairly easy, yet often operators fall down in understanding the financial strategies and costs. Bankers and Investors alike will want to see that you have a well thought out business plan to insure your start-up goes successfully. Below you will find a sample mobile car wash strategic financial strategies section for a business plan. I recommend that you print this out and modify it to best fit your over all plan and then once you have a good rough draft think on it for a few days and add in your additional costs and thoughts or insights. Then type it up and use it in your over all business plan so that you can get the funding necessary for a success start-up either thru a loan or investor partner. This sample is written from the perspective of a franchisee, which is part of a larger franchise company. If you are to be an independent business your plan may slightly vary somewhat.

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Financial Strategies

Taxes

We will use the provided accounting software on our computer to keep our books, write checks and invoice accounts.

We will receive a print out of all credit card transactions from our merchant account at Wells Fargo Bank. We will know exactly the revenue received from credit card sales. We will keep track of accounts receivable from fleet washing and industrial cleaning. These customers will pay from open purchase order numbers under contract cleaning agreements.

We will find a bookkeeping service to compile data into a standard Profit and Loss Statement, Accounts Receivable Report and Balance Sheet. At the end of the period we will use these reports to do tax statements.

Capital Requirements

To purchase The Car Wash Guys franchise, we will need to either have or borrow $65,380. We will also need as much as $4,000 working capital.

Breakdown of Investment

I. Tangible Items:

? Clipboards, Stationary, Tee-Shirts $ 600.00
? Personal Organizer System 140.00
? Supplies Inventory 493.00
? Water System 150.00
? Carpet Extractor 350.00
? Vacuum/Air Freshner 1,000.00
? Steam Cleaner 6,000.00
? Lights, Tank 400.00
? Credit Card Machine 1,695.00
? Computer, Printer, Etc. 3,200.00
? Signage 112.00
? Truck Bed 6,895.00
? Truck 18,455.00
Subtotal $39,500.00

II. BONZAI AND BLITZ MARKETING:

Subtotal $ 5,380.00

III. TRAINING COSTS AND MISCELLANEOUS:

(COMPUTER, OPERATIONS, ETC.)

Subtotal $ 500.00

IV. FRANCHISE FEE:

Subtotal $20,000.00

Total Cost to Franchisee $65,380.00

Suggested Cash Flow Requirements $ 4,000.00

Total Sum Needed $69,380.00

Our franchisor has secured a leasing company which can help us with financing on approved credit. We can lease $50,380 leaving a total balance to the franchisor of $15,000 which we can pay in cash or charge on a credit card. We will also need $4,000 of working capital to get started and a 10% security deposit to the leasing company covering the first and last payments.

Cash Up Front

$15,000 Franchisor

1,000 10% Deposit On Equipment Lease *Approx. Amount

650 Two Payments On Equipment Lease *Approx. Amount

1,500 Other Costs

4,000 Cash Or Available Credit Card For Working Capital

$22,150 Total Cash or Credit Card Amount

If we choose to finance with credit cards the down payments and remaining initial costs, we will pay these off ASAP due to the high interest rates charged for credit cards.

Benefits

We will buy a major medical plan through an outside insurance provider. Our franchisor has done much research on this and has located an agent with great health care and major medical programs. We can select a plan, which can be purchased for under $150.00 per month and will be paid for out of our company funds. The deductibles are extremely low and the maximum co-payment in a calendar year will be no more than $5,000. Our franchisor will pay the initial first month's payment no matter which major medical insurance program we select. We will obviously shop around and choose the best plan for best possible price. In case of catastrophic medical problems, we can choose to purchase disability income insurance or business overhead expense insurance plans.

"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs

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NASA launched a spacecraft Tuesday night on a mission to smash into an asteroid and test whether it would be possible to knock a space rock off course if one were to threaten Earth. The DART spacecraft, short for Double Asteroid Redirection Test, lifted off from Vandenberg Space Force Base atop a SpaceX Falcon 9 rocket.
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NASA's Double Asteroid Redirection Test (DART) mission, the world's first planetary defense test mission, is scheduled to launch early Wednesday morning.
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A partial lunar eclipse will take place on Thursday night and into early Friday.
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A U.S. survey of astronomers puts the search for extraterrestrial life at the top of their to-do list for the next 10 years.
National Aeronautics and Space Administration's (NASA) Hubble Space Telescope is in safe mode yet again.
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Humans introduced a new life form to outer space on Friday as NASA astronauts harvested the first ever chile peppers onboard the International Space Station.
The Northern Lights may be visible just in time for Halloween.
On Thursday, the sun released a significant solar flare toward Earth, peaking at 11:35 a.m. EDT, scientists say.
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The scale presented contains seven levels that NASA said are "reflective of the winding, complicated staircase of steps that would lead to scientists declaring they’ve found life beyond Earth."
The San Diego Zoo Wildlife Alliance announced Thursday that two female critically endangered California condors had successfully hatched eggs without the help of male condors.
NASA is now targeting February 2022 for the launch of its powerful Space Launch System (SLS) rocket.
The U.S. military launched three suborbital rockets this week from NASA's Wallops Flight Facility in Virginia.
As cooler temperatures move over the eastern U.S., the West is forecast to see heavy rain and mountain snow, including what's known as a "bomb cyclone" near the Northwest.

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