innovite idea to start a business

1. Soapy Ride
Arshdeep Singh
6805

3. To be viewed as a premium car wash and
detail services in Patiala.
Maintain a very high gross profit margin.
Maintain a modest, stedily growing net profit
margin.
Expand to two locations after fifty year of
operation.

4. Mission
The mission of Soapy Ride Car Wash is to ensure that we will
become best car wash company that provides the high quality
washing and detailing services for various types of vehicle in
Patiala. Further, the company will strive to maintain customer
service at the peak level and highest satisfactory.
Vision
1. High quality of behavior and attitude, fairness and
understanding between the management, staffs, suppliers and
customers.
2. Maintain customer service at the peak level and highest
satisfactory

5. The location of my business is adjoining
Bhagat Ford petrol pump Sirhind road
Patiala
Land will be on rent ,land required
is 9600sq ft(80*120)

6. Soapy Rides will provide three services to its
customers:-
Car washing (exterior)
Car washing (interior)
Car detailing

7. New car owners
Older car owners
Dealerships
Lifetime owners
Local businesses

8. Strengths
1. First automatic car washing equipment in
the locality
2. High quality services i.e. clenliness
3. Use of gemerator in case of power failure
4. Convenience

9. 1. In case of equipment goes out of order, it
will take time to fix it as technicians will be
coming from Delhi.
2. Entering into a business without prior
experience.
3. Not easily acessible from the whole city.
4. Need to have fairly constant volume of
business to support the necessary expenses.

10. 1. Electricity is a big problem in the country.
2. Target customers have no awareness about
automatic car washing.
3. The perception that there is not a difference
in quality between a hand and machine wash.

11. 1. We are the first provider of this service in thi
community.
2. Awareness is increasing in people about
time saving and cleanliness.
3. Number of cars are incresing 25 percent
annually.
4. Automatic car wasshing is a great fun for
customers.

14. ASSETS QTY COST PER UNIT TOTAL COST
Automatic
machine
1 15,00,000 15,00,000
Vaccum cleaner 3 5,000/- 15,000/-
Office and
building
_ _ 3,00,000/-
Pump and tanks _ _ 1,00,000/-
Advertisement - - 20,000/-
miscellaneous 65,000/
Total
investment
20,00,000/-
INVESTMENT….

15. Expenses
Electricity 15,000/-
Shampoo ,polish 8,000/-
Maintenance 5,000/-
Monthly rental charges 15,ooo/
Salaries
Supervisor 8,000/-
Labour(2*4500) 9,000/-
Total expenses 60,000/-

16. Income
Cars washed
Washing price Total income
15 Per day(450 per
month)
Total
Half wash:
150/-( 300 cars per
month)
Full wash :
250/-(150 cars per
moth)
45,000
37,500
82,500