Car Wash Business Model

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  • Topic: Car wash, Sales, Automobile maintenance
  • Pages : 46 (14097 words )
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  • Published : August 21, 2011
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SCHOOL OF HOSPITALITY, TOURISM & CULINARY ART
DIPLOMA IN INTERNATIONAL HOTEL & TOURISM MANAGEMENT

FINANCIAL MANAGEMENT I
BC 008
GROUP ASSIGNMENT
TAN HANN LUN 54311
CIA SIN YIN 54015
SAIM SHIN YEE 53845
LAW JIA HUI 53962
LEOW SIEW MUN 53569
HENG LUAN SIANG 54283

DATE OF SUBMISSION
25TH OCTOBER 2010
LECTURER
MR ROMZEE

ACKNOWLEDGEMENT
First and foremost, we as a team would like to thank Mr Romzee, who is our Financial Management I subject’s lecturer. We have been given the chance to brainstorm on an idea to start a business and produce a complete business plan. Despite of the obstacles and difficulties we faced throughout the planning stage, we are very grateful and thankful as this project had really make us to think with creativity and innovatively in order to create a totally new and convincing business plan.

In the beginning, we had a good kick start. Our ideas flown in like a river stream and we had spent some time to determine the best idea. In between, our team had undergone some vigorous discussions and arguments as we argued on the pros and cons of our ideas regarding the preparation of business plan and the feasibility of the business in reality. Finally, we made up our mind to select the idea of starting a car wash business.

In between the progress of completing the research, our team faced some fierce arguments on the method of calculation, control system and management system. Nevertheless, we were able to sort everything out and continue with our progress.

Lastly, we were grateful and thankful that we were able to finish the assignment according to the schedule.

Content
1. Introduction
1.1 Name and address of business
1.2 Name and address of principal (owners)
1.3 Nature of business
1.4 Statement of financing needed
2. Executive Summary
3. Industry Analysis
3.1 Future outlook and trends
3.2 Analysis of competitors
3.3 Market segmentation
4. Description of business
4.1 Product
4.2 Service
4.3 Size of business
4.4 Office equipment and personnel
4.5 Background of entrepreneurs
5. Production Plan
5.1 Physical plant
5.2 Machinery and equipment
5.3 Names of suppliers of raw materials
6. Operational Plan
6.1 Description of company’s operation
6.2 Flow of orders for goods and services
6.3 Technology utilization
7. Marketing Plan
7.1 Pricing
7.2 Distribution
7.3 Promotion
7.4 Product forecasts
7.5 Controls
8. Organizational Plan
8.1 Form of ownership
8.2 Management team background
8.3 Roles and responsibilities of members of organization
9. Assessment of Risk
9.1 Evaluate weaknesses of business
9.2 Contingency plans
10. Financial Plan
10.1 Assumptions
10.2 Budgeted Cash Flows (5 years)
10.3 Budgeted Income Statement (5 years)
10.4 Budgeted Balance Sheet (5 years)
10.5 Break-even Analysis
10.6 Sources and application of funds
11. Conclusion
12. Appendix
13. References

1. Introduction
1.1 Name and Address of Business
The name proposed for the business is BlitzWash Car Wash. The address of the business is 6, Jalan Segambut Selatan, 51200 Kuala Lumpur.
1.2 Name and Address of Principal
There will be six shareholders in this business who are:
* Tan Hann Lun
PT 239, Kg Budi, Jln Tawang, Tmn Mesira 16150 Bachok, Kelantan. * Cia Sin Yin
PK 14, Parit Pulai Serom, 84410 Muar Johor.
* Law Jia Hui
No 2, Jalan Sg long 7/11, Bandar Sg long batu 10 1/11
43000, Kajang Selangor.
* Leow Siew Mun
33, Jalan SS 2/51 47300 Petaling Jaya Selangor.
* Saim Shin Yee
24, Taman Maju Sungai Klau, 27630 Raub, Pahang.
* Heng Luan Siang
No.41 Bukit Permata Jalan Persiaran, Taman Sri Gombak Batu Caves 68100 Selangor 1.3 Nature of Business
The BlitzWash Car Wash is a new business which involves in the car wash industry. BlitzWash will provide car wash service in variety forms such as external car wash, inner cleaning, and polishing. In addition, we will also provide...
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