Starting a Car Wash in Nigeria Essay Example | Topics and Well Written Essays - 1000 words

Starting a Car Wash in Nigeria - Essay exemplarCar ownership shot up in the oil-boom of Nigerias middle-income group from the mid-seventies. In the midst of a buoyant oil economy, the eighties saw the resurgence in the use of seconds. Today, there are to a greater extent simple machines than parking space available. The growth of automobiles is so conspicuous that any business related to this industry is heights on every businessmans agenda. (Oseun Ogunseitan, Wednesday is an odd day in Lagos, www.newint.org) .2.0LocationJigawa State, with its capital at Dutse, is seen as a potential business centre for car wash. The state offers a very tributary environment for potential investors. The local administration has, with the view to encourage investment put for ward a package of incentives to investors, including free supply of infrastructure, preferential approval of certificates of occupancy in industrial layouts, tax relaxation and other incentives (Jigawa State, 1998) (Investmen t Opportunities, OnlineNigeria, www.onlinenigeria.com). 3.0Scope Factors that determine the success of any business, marketing and selling, keeping costs under control, hiring character reference employees, and location need to be considered. Dutse is an ideal destination for car wash business (see Location). Break-even would be at the end of three and half years or 42 months.(Jigawa State, 1998)... 4. Add benefits that will perpetrate more customers, such as free service check, or bonus points on every car wash, home delivery and pickup, complimentary tickets, and so on. The following Profit and Loss Statement is based on the following(Note The figures projected are assumed and not to be recorded).Number of working days is 25 a month.1. Wash only is calculated at the rate of $6.00 for 25 cars a day.2. Wash and nothingness is at the rate of $8.00 for 20 cars a day.3. Merchandise Sales consists of greens, and refreshments.4. Sponges calculated at $0.75 each at 20 a day. 5. Deterge nt at $1.50 a bottle numbering 10 a day.6. window cleaner at $1.00 at 10 a day.7. Paper rolls at $0.50 for an 80-roll sheet at 20 a day.8. Salaries calculated at $3.00 an hour for 6 workers a day.9. Rent at $1000.00 a month.10. mobilize and electricity is calculated at $100.00 a month. (Coutesy Miller, wside.k12.il.us).5 Profit & Loss StatementAugust 2003 through July 2006 Aug- Jul 04 Sep- Jul 05 wide-cutIncome/ExpenseIncomeWash Only 45,000.00 90,000.00 135,000.00Wash & Vacuum 48,000.00 72,000.00120,000.00Merchandise Sales 20,000.00 20,000.00 40,000.00RevenueMiscellaneous Income (Tax Relief) 5,000.00 5,000.00 2,000.00 gist Revenue 1,000.00 1,000.00 2,000.00Total Income 118,000.00 187,000.00 305,000.00ExpenseSponges 4,500.00 10,000.00 14,500.00Detergent (24-ounce bottle) 4,500.00 10,000.00 14,500.00Window cleaner (32-ounce) 3,000.00 10,000.00 13,000.00Paper-roll towels (80-sheet roll) 6,000.00 6,000.00 12,000.00Poster