Car Wash Services Operation
Funding Requirements: This Prospectus is a Closed Ended Investment and seeks to raise Initial Equity Capital of US$484,653 or TT$3,000,000 for a Car Wash Services Operation, valued at US$1,616,000 or TT$10,000,000, through the private issuance and sale of 100% of the Common Shares. Debt financing ofUS$1,130,856 or TT$7,000,000 by the way of a ten-year demand loan fixed at 14.5% while, projected to generate Revenue from Services and Financial Income to support Annualized Returns on Investment (ROI) of approximately 42% over the first five years.
Executive Summary
Based on a culture that embraces freedom of vehicular movement, the product plan addresses a range of cleaning services mainly categorized by preventative outside maintenance and interior vacuuming, with prices set largely by the service timing cost, such prices are also affected by the availability and price volatility in Water and Electricity supplies. The convenience of location and the ability to be otherwise occupied, is the main competitive advantage, by offering services close to the workplace, in the heart of a city or entertainment area, creates customer loyalty without affecting their productivity or wasting their time, while, employing innovative time saving methods, to improve the service price inflation and other economic indicators.
Workers, previously only armed with their tools, technical knowledge and vocational skills, are being elevated, trained to plan and execute supervisory responsibilities, and further to manage physical, material and human resources to generate returns on investment; preparing the work area, install and maintaining equipment, finding solutions to customers’ problems, apply the necessary safety controls, instructing other workers of do’s and don’ts, monitoring suppliers, and of course, delivering an excellent to the customer, with all due care. Management must update, implement, while maintaining its integrity, account for and report on, the Strategic Plan, provide and defend all contractual agreements with fixed asset and inventory suppliers, workers and varying sized customers.
