• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

SWOT analysis for a car wash business.

Extracts from this document...

Introduction

´╗┐Feasibility and evaluation 8.4 Projection of the business position by the end of year three The Speed Shine Carwash is likely to be in profit by the end of year three. As my profit and loss account of end of 2015 shows that I will be making a profit of 18, 400.00 this shows that my business is likely to be increasing its profit rather than making a loss. However keeping in mind of all the threats to my business that could occur in future I will have to note them down and be prepared to face them and have their solutions ready, just in case they cause any harm to my business. Seasonal effects that may rise The seasonable effects that may rise during my carwash business life are the winter season. As it?s an outdoor hand carwash, it?s vital for the business to have a good dry weather in order for myself and workers to get cars washing. For example, if the weather is rainy or snowing, it?s highly unlikely for me to have any customers during that weather, as most customers will assume their car will get wash by the rain itself and if it?s snowing them it?s too cold to be out. ...read more.

Middle

Another strength is that it?s relatively cheap to set up and I can always upgrade the products once there is enough money made, also employees will not need any necessary training unless using technology like computers, software etc. In this case I won?t have to spend money for employees to train. Weaknesses The weaknesses of opening up a carwash business are firstly that weather is unpredictable which could affect the money my business makes. For example if it is raining the business is unlikely to maximize the sales unless I provide a roof or shelter which would cost the business money but would it be worth it? Therefore this is the first weakness of having an outdoor hand carwash. Secondly if what if my business doesn?t satisfy the customer?s needs, then the reputation of Speed shine will go down and it could be the end of the business with bad reviews, for example if my workers are rushing to get cars washed and provide poor quality service to the customers then will leave my business losing those customers, and ending up having a bad reputation and those customers would go to my competitors. Opportunities The opportunities of opening up a carwash business are that the business can expand and have more than one chain in future, if my carwash runs successfully, which in my case in ...read more.

Conclusion

Personally I found the perfect location in Chigwell but the cost was well too high and to finance the cost of having a carwash in Chigwell was going to cost up to a £900,000. This is very expensive compared to the £75,000.00 I am paying a year but as a matter of fact, Chigwell’s location makes it the ideal place where I could get a return quickly because the economy of the area is very sustainable but not only that, it is surrounded by millionaires who can have up to 6 cars to wash making it very attractive to move into. Perhaps this is something to look for in the future but for now I am happy with the location as it is in Chad well heath because it has the potential to have a major success in the market and I have the potential to make it one of the leading car washes in the UK. I have learnt a lot about myself as well because I thought at the beginning that this would be easy to do on my own but you do need people around you to just be your safety net just in case you fall. I don’t want a partnership due to my personality but what I would want is a friend or family members helping me so that I can have their experience and transfer it to my business. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Case Studies and Analysis section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Case Studies and Analysis essays

  1. SWOT Analysis

    Fizzi Soursop Justea Green tea with lemon Justea Green tea with peach Justea Ice tea with lemon Justea Bubble Tea* Justea and Aloe Vera with White Grape* Soya milk Sugar cane beverage Black soy drinks Laichi Green tea Herbal tea Winter melon Chrysanthemum tea Lemon tea Sources: (1)

  2. Virgin Atlantic PESTLE analysis.

    Also if consumers are getting a higher level of education Virgin will have a choice of employees who meet some of their standards under their criteria. Also employees are generally more able to have more common sense if their education level is higher.

  1. PESTLE and SWOT analysis for Tesco.

    It submits full accounts to Companies House each October. Source: http://en.wikipedia.org/wiki/Asda Tesco competitors like Asda, they are making profit by providing better goods and services, better prices plus Asda have invented self-service machinery so customers don't need to wait for a long anymore.

  2. SWOT and Pestel analysis for Carlton Forum leisure centre

    Also the action that is taken in regards to the findings. 3.2.2 the nature of the environment. The strategic proposal is classed as guess work, there's no way to be certain that the outcome of the findings are going to match up with the actual outcome.

  1. How Evans Enterprise party and wedding planners could use IT to help manage their ...

    * Voice mail is another popular way of communicating, mainly in the business itself. If a member of staff is busy or else away from his or her workstation, the caller can simply leave a message and the recipient can either listen to the message, or call the sender back once appropriate.

  2. Disneyland and M&S. I am going to investigate customer service in two separate ...

    If there is insufficient communication between businesses's departments it is more likely to run less efficiently as each department will be competing for resources. A good example of how the different department could work together would be if the marketing department planned to run a promotional campaign then the finance

  1. Customer Service Analysis Between MacDonald Hotel and Chester Zoo.

    reputation, so that the customers return and so that they will recommend the organisation to others and vice versa if you provide bad customer the service customers will recommend not returning back to the zoo. To repeat business Chester Zoo give special offers for repeating customers.

  2. Internship project in travel agency "Excursus" of Lithuania. PEST and SWOT analysis.

    Strategic analysis of the macro environment of the most widely used analytical technique called PEST (political - legal, economic, socio - cultural, technological factors) analysis. The company of these factors can not be influenced directly, but the business decisions they have an important influence (Pranulis, Pajuodis, UrbonaviÄius et al., 2000).

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work