Question

Directions

For this project, you'll be given information to create a business report using word processing software. Suppose you want to open a car wash and you need to create a business plan to send to potential investors.

Part 1: This title section will have only one page. Give your car wash a name and create a title page for the report.

Part 2: Type this summary, introduction, and main body given in the text below. Fill in the blanks as you type. A business plan for this company would probably be about seven to ten pages but for this project, you'll type about one page.

Summary
[Name of car wash] is a prominent hand car wash serving [location]. [Name of car wash] will be run by [your name], of the prominent [your family name] family. The [your family name] family has been serving the [location] area with a car repair business for more than thirty years. [Your first name] will be leveraging the incredible good will and brand recognition of the [your family name] family name to quickly gain customers.

Business Introduction
[Name of car wash] will be providing customers with three services: exterior car washing, interior cleaning, and detailing. [Name of car wash] has no true competitors that are trying to offer a high quality service for a reasonable rate. All car washes in the area only offer automatic exterior car washes. [Name of car wash] will provide a higher quality service because car washes will be done by hand and will include an interior cleaning.

Employees
Hiring the best employees is cost-effective because it decreases HR costs associated with turnover and other employee costs. Hiring the best employees and making sure that they are well taken care of ensures that they in turn take care of the customers. Study after study proves that a happy employee is far more likely to provide the highest level of customer service.

The Customers
[Name of car wash] will target three main groups of customers: individual car owner and leasers, car dealerships, and local businesses. The surrounding area is quite affluent, 40% of the residents earn more than $70,000 a year. Consequently, they have nice cars and want them to look nice. There are five different car dealerships within a three-mile radius that will require car washing services for the various fleets. Finally, there are many different local businesses that have company cars that require clean appearances.

Projected Sales
[Name of car wash] is positioning itself as the premier hand car wash serving the [location] area. [Your first name] has forecasted a 20% market share. The business will generate a 95% gross margin and an 11% net margin after year one and 20.79% after year three. By year three, the business will have developed a yearly net profit of $48,000.

Part 3: Create a graph that represents the projected sales data below. Make sure you label the graph and add a caption.

In 2009, the net profit will be $11,000. In 2010, the net profit will be $24,000. In 2011, the net profit will be $48,000.

Part 4: Create a table to organize the start-up expenses.

Start-up Expenses
Legal—$500
Insurance—$200
Rent—$1,200
Equipment—$4,100
Signs—$700
Building Materials—$1,200
Building Labor—$1,000
Total—$8,900

Part 5: Write the conclusions and recommendations.

Part 6: Run the spell check, proofread, and correct errors. Save.

Answer 1

This project involves creating a business report for opening a car wash. The report includes a title page, summary, business introduction, projected sales data graph, table of start-up expenses, and conclusions and recommendations. The report should be proofread and saved.

Step-by-step explanation:

Create a Business Report for a Car Wash

The subject of this question is a project to create a business report for opening a car wash. The report will include a title page, a summary, business introduction, information about employees and customers, projected sales data, a table of start-up expenses, and conclusions and recommendations.

Part 1: Title Page

Create a title page for the report, including the name of the car wash and your name.

Part 2: Summary and Business Introduction

In this section, provide a summary of the car wash, emphasizing its prominence, location, and the reputation of your family. Then, introduce the services offered by the car wash, highlighting the unique aspect of providing hand car washing and interior cleaning, which sets it apart from the competition.

Part 3: Projected Sales Data

Create a graph to represent the projected sales data given, which shows the net profit for each year. Label the graph and add a caption to provide context.

Part 4: Table of Start-up Expenses

Create a table to organize the start-up expenses, listing the different expenses and their corresponding costs. Calculate the total cost of start-up expenses.

Part 5: Conclusions and Recommendations

Write the conclusions and recommendations for the car wash based on the information provided.

Part 6: Proofread and Save

Run the spell check, proofread the report, and correct any errors. Save the report in its final form.