Concept Name: Mobile Carwash at your Door

Product or Service Description:

Order mobile carwash and have your car washed anywhere in the Dallas-Fort Worth area. The service is available 24 hours a day 7 days a week. It is a convenient service that allows you to download an application and sign up for free. Prices of the service depend on the type of vehicle you have and the option of wash chosen. Services also can be provided with eco-friendly cleaning products for an additional fee. Targeted customers would be anyone who has a vehicle and seeks connivance of saving time in their busy life

The service provided will benefit anyone who owns a vehicle and lacks time in their day to stop at a car wash themselves. Targeted customers would be anyone who wants to keep their car in good condition and maintain maintenance. Keeping a car clean takes time and having knowledge of proper products to use. This service allows customers to book the service to come to their car anywhere they may be, in the home, at work, or even shopping and their car will be washed, waxed, and/or polished depending on the service they choose.

• The Total Fee for Registering the Business in Atlanta - Georgia - $750.
• Legal expenses for obtaining licenses and permits - $1,500.
• Marketing promotion expenses (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
• Cost for hiring Business Consultant - $2,000.
• Insurance (general liability, workers' compensation and property casualty) coverage at a total premium - $30,800.
• Cost of accounting software, CRM software and Payroll Software - $3,000
• Cost for leasing small office facility - $50,000.
• Cost for facility remodeling - $10,000.
• Other start-up expenses including stationery - $1000
• Phone and utility deposits - $3,500
• Operational cost for the first 3 months (salaries of employees, payments of bills et al) - $40,000
• The cost for Start-up inventory - $15,000
• Cost for store equipment (cash register, security, ventilation, signage) - $13,750
• Cost for mobile car wash and auto detailing equipment (Carpet Extractor $350.00, Vacuum/Air Freshener $1,000.00, Steam Cleaner $6,000.00, Lights, Tank $400.00, Truck Bed $6,895.00 and Truck $18,455.00) - $15,000
• The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, TVs, Credit card machine, POS, tables and chairs et al): $4,000.
• The cost of Launching a Website: $600
• Cost for the purchase of utility truck - $15,000
• The cost for our grand opening party: $1,500
• Miscellaneous: $10,000

We would need an estimate of $150,000 to successfully launch our mobile car wash and auto detailing business in Atlanta - Georgia, US.

PLEASE PERFORM THE FINANCIAL ANALYSIS FOR THIS CONCEPT. THERE IS NO NEED FOR REFERENCE!

Financial statements: This is one of the most important part of financial analysis that helps in determining the financial feasibility of the business. Provide three years of proforma income statement and balance sheet.

Return on Investment: What ROI do you expect? Is it worth the risk ?