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

Starting a Car Wash in Nigeria - Essay ExampleCar 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. To mean solar day, there are more cars than park space available. The growth of automobiles is so conspicuous that any business related to this industry is high 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 conducive surround 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 relief and other incentives (Jigawa State, 1998) (Investment Opportunities, OnlineNigeria, www.onlinenigeria.com). 3.0Scope Factors that determine the success of any business, marketing and selling, keeping costs under control, hiring quality employees, and position 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 attract more customers, such as free service check, or bonus points on every car wash, lieu delivery and pickup, complimentary tickets, and so on. The following Profit and departure 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 Vacuum 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. Detergent at $1.50 a bottleful numbering 10 a day.6. Wi ndow 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. Telephone 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 TOTALIncome/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 40,000.00 taxationMiscellaneous Income (Tax Relief) 5,000.00 5,000.00 2,000.00Total 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