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Writing a business plan for a mobile car wash is fairly easy, yet often operators fall down in understanding the financial strategies and costs. Bankers and Investors alike will want to see that you have a well

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

thought out business plan to insure your start-up goes successfully. Below you will find a sample mobile car wash strategic financial strategies section for a business plan. I recommend that you print this out a

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

d modify it to best fit your over all plan and then once you have a good rough draft think on it for a few days and add in your additional costs and thoughts or insights. Then type it up and use it in your over

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

all business plan so that you can get the funding necessary for a success start-up either thru a loan or investor partner. This sample is written from the perspective of a franchisee, which is part of a larger f

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

anchise company. If you are to be an independent business your plan may slightly vary somewhat.

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Financial Strategies

Taxes

We will use the provided accounting software on our computer t

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

o keep our books, write checks and invoice accounts.

We will receive a print out of all credit card transactions from our merchant account at Wells Fargo Bank. We will know exactly the revenue received from c

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

edit card sales. We will keep track of accounts receivable from fleet washing and industrial cleaning. These customers will pay from open purchase order numbers under contract cleaning agreements.

We will fin

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

d a bookkeeping service to compile data into a standard Profit and Loss Statement, Accounts Receivable Report and Balance Sheet. At the end of the period we will use these reports to do tax statements.

Capital

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

Requirements

To purchase The Car Wash Guys franchise, we will need to either have or borrow $65,380. We will also need as much as $4,000 working capital.

Breakdown of Investment

I. Tangible Items:

· Clipbo

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

ards, Stationary, Tee-Shirts $ 600.00
· Personal Organizer System 140.00
· Supplies Inventory 493.00
· Water System 150.00
· Carpet Extractor 350.00
· Vacuum/Air Freshner 1,000.00

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

Steam Cleaner 6,000.00
· Lights, Tank 400.00
· Credit Card Machine 1,695.00
· Computer, Printer, Etc. 3,200.00
· Signage 112.00
· Truck Bed 6,895.00
· Truck 18,455.00
Subt

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

otal $39,500.00

II. BONZAI AND BLITZ MARKETING:

Subtotal $ 5,380.00

III. TRAINING COSTS AND MISCELLANEOUS:

(COMPUTER, OPERATIONS, ETC.)

Subtotal $ 500.00

IV. FRANCHISE FEE:

Subtotal $20,000.00

Total

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

ost to Franchisee $65,380.00

Suggested Cash Flow Requirements $ 4,000.00

Total Sum Needed $69,380.00

Our franchisor has secured a leasing company which can help us with financing on approved credit. We can l

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

ease $50,380 leaving a total balance to the franchisor of $15,000 which we can pay in cash or charge on a credit card. We will also need $4,000 of working capital to get started and a 10% security deposit to th

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

leasing company covering the first and last payments.

Cash Up Front

$15,000 Franchisor

1,000 10% Deposit On Equipment Lease *Approx. Amount

650 Two Payments On Equipment Lease *Approx. Amount

1,500 Other

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

Costs

4,000 Cash Or Available Credit Card For Working Capital

$22,150 Total Cash or Credit Card Amount

If we choose to finance with credit cards the down payments and remaining initial costs, we will pay the

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

e off ASAP due to the high interest rates charged for credit cards.

Benefits

We will buy a major medical plan through an outside insurance provider. Our franchisor has done much research on this and has locat

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

ed an agent with great health care and major medical programs. We can select a plan, which can be purchased for under $150.00 per month and will be paid for out of our company funds. The deductibles are extrem

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ly low and the maximum co-payment in a calendar year will be no more than $5,000. Our franchisor will pay the initial first month’s payment no matter which major medical insurance program we select. We will ob

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

viously shop around and choose the best plan for best possible price. In case of catastrophic medical problems, we can choose to purchase disability income insurance or business overhead expense insurance plans

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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