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Now, we’re taking it further by getting to the nitty-gritty and discussing the numbers, so to speak. Edwin Pasahol, Senior Trade and Industry Development Specialist for the Bureau of Small and Medium Enterprise Development (BSMED), gave us a general and estimated rundown of the equipment, costs, price options, and profit you’ll get when you venture into this business.This is just an estimated guide that will give you an idea of the equipment, costs, price options, and profit you’ll get when you start out a car wash business.1.5 Business Objectives 1.5.1 Financial Objectives Long Term ¡¤ Develop efficiencies in the delivery of the service through advanced training and work-flow analysis.
These problems demand solutions and, whilst it may be easy to start a carwash business, it’s not going to be easy to make a success out of it or guarantee its survival beyond its opening weeks.
What is for sure is that you need to make a business plan in order to give yourself the best possible shot at success.
The computation does not include monthly rent space and insurance costs (if any).
Please do a more extensive research if you seriously plan to get into this venture.
1.4.3 Opportunities ¡¤ Participation within a steadily growing industry. ¡¤ The ability to decrease the fixed costs as a percentage of an individual sale as volume increases.
1.4.4 Threats ¡¤ Future/ potential competition from a franchised firm.In Taiwan, hand-washing cars is more popular, because the customers think using hands to wash is softer.It does not damage the pain of the cars, and it is a luxury way to take care their cars.It will also help when you start looking for investors.Your business plan needs to reflect your business in a complete and detailed sense so that investors can feel comfortable investing by really understanding your plan and what you have to offer.Knowing the area also refers to the requirement that you know the area physically — i.e. Is there any competition from a rival carwash nearby?These questions demand answers and will be absolutely crucial as you start choosing your location for your new carwash.Making a business plan, even for a business as seemingly simple as this one, isn’t easy.So, with that said, let’s take a look at how to go about putting it all together. The first is that in order to start any company, you have to do your research on the field that you want to get into.The message that ¨‘KCW will seek to communicate is that their hand washes are superior to the machine washed alternatives that can actually cause harm to cars.Opening a carwash is one of those accessible sorts of businesses where the prospect seems pretty easy to grasp.