Most comprehensive Car Wash Business Plan in Nigeria pdf
So you’ve chosen to begin a car wash business in Nigeria. There are numerous means simultaneously to get this business started and each should be executed accurately or your business won’t be everything you expect it to be.
This Nigerian Car Wash Business plan in Nigeria Pdf is regularly updated and can also be used to obtain loans and grants etc.
Nigerian, Car Wash Business Plan In Nigeria Pdf
The Car Wash Business in Nigeria is a very profitable business that can be an added source or even the main source of income for you. It provides one of the finest opportunities to make good money in a very short time. But many Nigerians overlook this business because they think the business is only for poor people.
Sample Car Wash Business Plan In Nigeria Pdf –
Be excited because If you are interested in starting a Car Wash Business in Nigeria or Africa, After reading this article, you will be well-equipped and be on your way to starting your own Car Wash business in easy and simple steps and also with your Nigerian Car Wash business plan in Nigeria PDF you are then fully equipped to get into the industry.
Table Of Content
1.0 Executive Summary
2.0 Company Analysis
- Start-up Summary
3.0 Marketing Plan
- Market Segmentation
- Market Analysis
- Strategy and Implementation Strategy
- Management Summary
4.0 Financial Plan/Forecast
- Income Statement
- Balance Sheet
- Cash Flow Statement
Your Nigerian Car Wash business plan in Nigeria pdf executive summary provides an intro to car wash business in Nigeria, but it is normally the last section you write because it provides a summary of each key section of your plan.
The objective of your Executive Summary is to rapidly draw in the reader or investor explaining to them the kind of car wash business in Nigeria you are working/starting and the status; for instance, are you a startup, do you have a vehicle wash that you might want to develop, or are you working a chain of vehicle washes?
Next, give an outline of every one of the ensuing areas of your car wash in Nigeria business plan. For example, give a short diagram of the car wash industry in Nigeria. Detail your immediate rivals. Give an outline of your objective clients. Give an overview of your promoting plan. Distinguish the key members of your team. Also, offer an outline of your money related arrangement.
In your company analysis, you will detail the type of car wash you are operating.
For example, you might operate one of these common types:
- Automatic or tunnel car washes (most common) in which a conveyor is used to move the automobile through a series of cleaning mechanisms. The vehicle is then typically hand dried by employees. Car detailing services are typically also offered at these facilities.
- In-bay automatic car washes in which the car is driven into a bay and then a machine and dryer rolls back and forth over it. This is often seen at gas stations and stand-alone car wash sites.
- Self-service, where the customer does the washing manually using including pressurized jet washing.
- Mobile car washes which are completed using water tanks and pressure washers often mounted on trailers, trucks, or in vans. Car detailing is often an add-on or included service for mobile car wash businesses.
2.1 Industry Analysis
In your industry analysis, you need to provide an overview of the car wash business.
While this may seem unnecessary, it serves multiple purposes.
First, researching the car wash industry educates you. It helps you understand the market in which you are operating.
Next, provide an overview of each of the subsequent sections of your car wash business plan in Nigeria. For example, give a brief overview of the car wash industry in Nigeria. Detail your direct competitors. Give an overview of your target customers. Provide a snapshot of your marketing plan. Identify the key members of your team. And offer an overview of your car wash business in Nigeria’s financial plan.
The following questions should be asked and answered in the car wash industry analysis section of your cash wash business plan in Nigeria.
- How big is the car wash business in Nigeria?
- What is the percentage increase in the market
- who are the biggest players in the carwash business in your ideal location of starting the business in Nigeria
- What trends are affecting the industry?
- What Trends could affect the car was business in Nigeria
3.0 Marketing Plan
Generally, an advertising plan incorporates the four P’s: Product, Price, Place, and Promotion. For a car wash business plan in Nigeria pdf, your promoting plan ought to incorporate the accompanying:
Product: in the product section you should reiterate the type of car wash that you documented in your Company Analysis. Then, detail the specific products you will be offering. For example, in addition to the regular car wash, will you offer car detailing, mobile options, etc.?
Price: Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the menu items you offer and their prices.
Place: Place refers to the location of your car wash. Document your location and mention how the location will impact your success. For example, is your car wash located next to a heavily populated office building, or gym, etc. Discuss how your location might provide a steady stream of customers. Also, if you operate or plan to operate a mobile car wash, detail how that will expand the geographic area you will serve.
Promotions: the final part of your car wash marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:
- Making your car wash’s lot (if traditional) extra appealing to attract passing customers
- Social media marketing
- Advertising in local papers and magazines
- Reaching out to local bloggers and websites
- Local radio advertising
- Banner ads at local venues
Your financial plan ought to incorporate your 3 or 5-year fiscal report broken out both month to month or quarterly for the main year and afterwards annually. Your fiscal summaries incorporate your salary articulation, accounting report, and income proclamations.
An income statement is more commonly called a Profit and Loss statement or P&L. It tells you revenue and then subtract your expenses to show you if you had a profit or loss
In building up your income statement, you need to devise presumptions.
For instance, will you serve 100 clients each day or 200? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.
In developing your Income Statement, Balance Sheets and Financial plan be sure to include several of the key costs needed in starting or growing a car wash:
To get your Sample Car Wash business plan in Nigeria, including the detailed financial analysis, call any of our business plan consultants on 08122230861 or send an email to [email protected]
Nigerian Car Wash Business Plan in Nigeria pdf
- Rise in the number of car owners. As our economy keeps getting better, more people are becoming car owners and they will need to get their vehicles washed.
- Most car owners do not have the Time of washing their cars themselves in Nigeria
- The Population of the youth is so much and the rise for expensive taste of the youths is also on the rise
- The car business is open to everyone; the uneducated, secondary school leaver, undergraduate, employed, unemployed, to all and sundry!
- A Full-Service Car Wash. This involves internal vacuuming, engine wash and external cleaning performed by a staff or workers.
- The Automatic Rollover Wash. This is where the vehicle owner stays in the auto while it is pulled through a conveyor-type system.
- A Self-Service Wash. Here, the car owners wash their own cars in a bay with the use of a wand.
- A mobile car wash. This is where the business owner travels in a specially equipped vehicle to the auto’s location and does the washing there.
The type of model your car wash business in Nigeria chooses to operate generally depends on the capital you intend to start with, the location of the business and the spending power of your targeted market.
If you don’t enough capital to set up a full-scale car wash business, don’t worry. You can watch this video where shows you different ways you can use to raise funds for your business in Nigeria. another very easy way of raising capital is by offering door-to-door services to friends, relatives, neighbours etc. You can also offer a monthly subscription to the few clients you already have and save some part of the money to set up your business. your own bay.
3. Research the market
It’s extremely important that you have referred to others’ businesses in car wash services. Try to visit as many places as you can to see how they set up their car wash business in Nigeria, what kind of equipment they use, the number of customers they can attract and other tricks they use to promote their products. Learn from their both success and failure!
Then your business plan will also help open your eye to the industry, you can get a business plan here
4. Pick a location
The spot you choose to set up your business can decide you succeed or not. Don’t rush to choose a convenient place for you, everything must be considered in your customers’ views.
A location near busy streets with regular vehicular movement is surely the place to go. You may find some popular filling stations in the neighbourhood that are willing to give space for hire. Transports often patronizing these stations are probably your first customers.
5. Purchase Car WashTools and Equipment
Before setting up a garage for your car wash business, it is essential to have the all basic tools for car washing. These include hand brushes, sponges, buckets, washing rags, car cleaning solutions, etc. you can start out your door to door services with these tools. Other equipment such as a water pumping machine, hose and nozzle, pressure washer, stand by generator, water storage tanks, vacuum cleaner, sprayers, would be required when you operate on a full scale. Concretized floor and an arena for customers to relax while waiting for the services will go a long way to attract and keep customers.
6. Water Supply
This is the main element in the business, it is therefore very important that the location is close to a natural water supply. Other alternatives include drilling a bore-hole or digging a well, which should be treated regularly. Your PVC tank should always be filled with water, should in case, there is a water shortage, then tank water could be used.
Car Wash Business Cost In Nigeria
The list and cost of things you will need to start this business are stated below.
The list is divided into three (3) parts, namely, the primary items, the secondary items, and the heavy items. They are separated by either their importance, cost, or size.
This list sums up the capital cost of starting a car wash business in Nigeria and the cost of all the smaller consumable items (such as car soap and car polish). For the price of the water source, pick only one option to get your estimate. The options include a borehole and a well, we picked borehole when adding up the sum total from the table below.
Car pressure washer x 2 = 170,000
Hose (10m) = 20,000
Sign board x(2) = 20,000
Water storage tank 1 x 1500L = N45,000
Generator x(1) = 75,000 Power should be higher than machinery in use
Bucket x(6) = N4,200
Brush x(6) = 5,600
Sponge x(6) = 6,200
Microfiber washcloth and towels x(6) = 36,000
Car vacuum x(2) = 12,400
Car wash liquid = 28,500 Enough to last you at least a month.
Detailing products and other products:
Such as paint sealant, sandpaper, polishers and waxes, degreaser, glass cleaner, clay bar, etc. = 40,000
Space 6 x 20m Annual rent. = 800,000
Cementing of the place. = 60,000
Tap water bill Monthly = 10,000
Well, water’ option Includes digging of well, and water pump engine. = 77,600
Borehole + Overhead water tank’ option Price depends on your location, could go up as high as a 1 million = 350,000
TOTAL = Estimate based on borehole as a water source.
N1,615,900 – N3million
These are the estimated cash wash business cost in Nigeria
cash wash business profit is very high and you are sure to be making a good income on a daily basis depending on your location
Ready To Start Your Cash Wash Business In Nigeria Or Africa?
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