The Profit and Loss Statement

Running head: BUSINESS PLAN
Business Plan
Name of the Student:
Name of the University:
Author’s Note:

BUSINESS PLAN1
Table of Contents
Introduction......................................................................................................................................2
Discussion and Analysis..................................................................................................................2
Conclusion.......................................................................................................................................3
References........................................................................................................................................4
Appendix..........................................................................................................................................5
1) Profit and Loss Statement........................................................................................................5
2) Cash Flow Statement...............................................................................................................6
3) Balance Sheet..........................................................................................................................7
4) Start-Up Requirements............................................................................................................8
5) Start-Up Assets........................................................................................................................8
6) Sales Analysis..........................................................................................................................9
6) Financial Highlights 1...........................................................................................................10
7) Financial Highlights 2...........................................................................................................11

BUSINESS PLAN2
Introduction
The business plan has been drawn for the Mobile Car Wash Services which will be
primarily operating in the United States with its operating name as Soapy Rides. The key reason
for selecting the Mobile Car Wash Services has been in particularly considered as the same
eliminates the need for a physical location, thereby limiting the cost which the company would
otherwise be needing in set-up (McKeever, 2016). As a mobile detailer the company will be
aiming in performing jobs in parking lots, drive-away and garages whereby it can get a sound
customer who actually would be willing to take car wash services. It is important to note that in
United States of America and in rest of the world, the car wash industry accommodates the
highest amount of unskilled labour rather skilled labour because of the simplicity of job involved
(Hartono, 2019).
Discussion and Analysis
In the car wash industry, we have found that the demand for various customized car wash
services are demanded by the consumer and we would be also providing the same. The price
range of the car wash services would vary depending upon the location and type of car it would
service. It is important to note that the establishment of the car wash company and as an auto
detailing company we would be aiming at becoming a market leader in the field of providing
services like cleaning, wax & wash of automobiles which will be as passenger cars, van, trucks,
automotive vehicles and trailers in any preferred location (Thind & Alexander, 2017). As per the
market analysis it was found out that household customers would be contributing the highest

BUSINESS PLAN3
amount of revenue base for the company. The car wash and detailing companies generally would
be targeting consumers who own a vehicle and are above the age of 18.
The above industry and company details the financial projections for the company has
been done for the sum of five years whereby various income and expenses sources for the
company has been well taken into consideration (Odiana, Onoja & Ebun-Igbeare, 2016). The key
source of income would be for the company in the form of basic car wash services contributing
around 60%, Interior Clean contributing around 25% and Polish Services providing another 15%.
It is forecasted that the revenue of the company in the first year would be around $750,000 and
the market penetration marking the growth in sales of the company would be around 10%. The
profitability of the company is expected to well rise in a linear way with the increase in the
revenue and customer base for the company (Jimenez-Castillo et al., 2018).