| Making a car wash business plan is the most important | | | | application. |
| thing that you need to do if you intend to use a bank | | | | #5 How will day to day operations be handled: |
| to fund your new business. | | | | Are you going to need employees or are you going to |
| Your business plan should spell out exactly how you | | | | be self serve? How many employees do you plan on |
| are going to use the banks money. Your plans | | | | having? A car wash is a cash business so you will |
| purpose is to show the bank that you are not just a | | | | have to show the bank what your plans are for how |
| flake who is going to borrow their money and blow it | | | | you are going to control the collection of cash and |
| all, plus the focus you gain from making a plan will give | | | | who is going to be responsible for collecting it. |
| your business a much greater chance of success. | | | | This is where you list the detail of the day to day |
| Your car wash business plan should include the | | | | duties that need to be performed. Being able to list in |
| following 6 steps for a bank to take you serious: | | | | detail what needs to be done daily will go a long way |
| #1 An overview of your business: | | | | in giving the bank confidence in giving you the loan. |
| This is a mission statement or summary of what your | | | | #6 Future earnings: |
| business intends to do. An overall picture of your | | | | If you did all the above steps in detail then the bank |
| business. The bank needs this big picture to get a clear | | | | has a pretty good idea if they want to give you a loan |
| image of what your plans are. This overview is just to | | | | or not. Now you just need to give them the logical |
| give an overall feeling about your business and is not | | | | proof they need to accept the emotional decision that |
| meant to go into details. It is just the introduction to get | | | | they already have made. The bank will want to see if |
| the process started. | | | | you have have realistic ideas of how much the |
| #2 Describe your business: | | | | business is going to make and if your new car wash |
| Where is your business going to be located? How big | | | | can cover the cost of interest on the loan you are |
| a business are you planning? Are you going to be | | | | seeking. |
| needing employees? What type of car wash are you | | | | Determining how much you are going to make in the |
| going to start? | | | | future, at first may seem really difficult. But it doesn't |
| #3 Marketing plan:: | | | | have to be if you just follow a few really simple steps. |
| What do you intend to sell and how are you going to | | | | One check with industry trade journals. There are |
| go about selling it? Why did you choose a coin | | | | magazines that cover the car wash industry and give |
| operated self serve over having attendants? What is | | | | you good data on what a new car wash can expect |
| your plan for attracting new customers? Are you in a | | | | to make. Even easier, is just contact car washes that |
| busy area where you don't need to advertise, or do | | | | are already established in different cities and ask them |
| you plan on running coupon program or other forms of | | | | how much they made when starting out. |
| advertising? How much competition is there in the | | | | Many established car wash owners would be honored |
| area? | | | | that you asked them for help and will be more than |
| #4 Management of your new business:: | | | | willing to give you tips on your car wash business plan. |
| What do you bring to the table? Or are you planning | | | | Your car wash business plan doesn't have to be |
| on hiring a manager to take care of your business. | | | | complicated. If you follow the 6 simple steps given |
| What credentials does you or your manager bring to | | | | above to make your plan, you will find that your bank |
| the table? You don't need previous car wash | | | | not only will give you the loan that you are seeking but |
| experience but being able to show management | | | | will gladly look forward to doing business with you on |
| experience in another industry will help to give | | | | future projects. |
| confidence to the loan manager in charge of your | | | | |