Dear friend,

You will agree with me that Mobile Car, Carpet and Upholstery Cleaning is a goldmine business that is yet undiscovered: cleanliness is said to be next to godliness, A clean Mobile Car Businesses are often less costly to start than fixed site businesses. For instance the amount of money the person has available to put into the business will be a determining factor on what way would be the best way to go.

A fixed location will cost more to do than a mobile business. Buying an existing business is usually more costly upfront than starting one from scratch, but in this case it would depend on which way the person chose. For example the mobile car wash would be far less expensive than a fixed location operation. The mobile business would have the cost of equipment and a truck. The fixed location would entail a building and the equipment for the bay or bays.

Your car wash business plan should include the following 6 steps for a bank to take you serious:

#1 An overview of your business:
This is a mission statement or summary of what your business intends to do. An overall picture of your business. The bank needs this big picture to get a clear image of what your plans are. This overview is just to give an overall feeling about your business and is not meant to go into details. It is just the introduction to get the process started.

#2 Describe your business:
Where is your business going to be located? How big a business are you planning? Are you going to be needing employees? What type of car wash are you going to start?

#3 Marketing plan::
What do you intend to sell and how are you going to go about selling it? Why did you choose a coin operated self serve over having attendants? What is your plan for attracting new customers? Are you in a busy area where you don't need to advertise, or do you plan on running coupon program or other forms of advertising? How much competition is there in the area?

#4 Management of your new business::
What do you bring to the table? Or are you planning on hiring a manager to take care of your business. What credentials does you or your manager bring to the table? You don't need previous car wash experience but being able to show management experience in another industry will help to give confidence to the loan manager in charge of your application.

#5 How will day to day operations be handled:
Are you going to need employees or are you going to be self serve? How many employees do you plan on having? A car wash is a cash business so you will have to show the bank what your plans are for how you are going to control the collection of cash and who is going to be responsible for collecting it.
This is where you list the detail of the day to day duties that need to be performed. Being able to list in detail what needs to be done daily will go a long way in giving the bank confidence in giving you the loan.

#6 Future earnings:
If you did all the above steps in detail then the bank has a pretty good idea if they want to give you a loan or not. Now you just need to give them the logical proof they need to accept the emotional decision that they already have made. The bank will want to see if you have have realistic ideas of how much the business is going to make and if your new car wash can cover the cost of interest on the loan you are seeking.

See you at the top.

Victoria Joshua
victoriajoshu@gmail.com