DIY Wash N' Fix is a novel idea in automotive maintenance.

The expansion of DIY housing suppliers in

India is a sign of the Do-It-Yourself (DIY) market's rising popularity. There is still a need for DIY
vehicle repair, as businesses now only provide tools and auto parts, not a location to carry out the
repairs. Therefore, our business plan is to offer a professional setting where you may wash, paint, or
fix your car. The present economic slump in India may encourage people to reevaluate their
purchasing habits, making DIY Wash N' Fix a relevant concept.

Consumers will probably be inclined to use our facilities to save money if they have the necessary
abilities or the desire to study auto repair. Further evidence of Americans' ability and inclination to
repair their own vehicles is the rise in sales of aftermarket auto parts. The car wash industry is
appealing since it produces consistent revenues with minimum further outlay of funds. Given that
many of these companies are owned by baby-boomers who are eager to retire, the car wash and
auto repair industries currently present a good acquisition opportunity.

DIY Wash N' Fix has targeted a particular niche of people who want to work on their cars but don't
have the right tools or space. Since many urban residents reside in apartment buildings that prohibit
on-site auto repair, this sector is expanding.

Objectives
It is appropriate to talk about the threats connected to our company model. The fundamental
premise of this concept is that there is a segment of the population that is ready and competent to
perform basic auto maintenance and repairs, but is constrained by a lack of a suitable workspace
and the necessary instruments. Appropriate pricing to get in and keep this customer segment is
another important component of our success. Last but not least, a risk of our business is that a
sizable unplanned expense will materialise that we have neglected to factor into our financial
projections.

PRODUCTS AND SERVICES

The structure will have an adjoining building with the additional auto repair bays, and it will be a
typical coin-operated car wash. The nine bays in the adjoining structure will include a customer
service area and a bathroom/breakroom. Each bay will be built to accommodate a certain kind of
repair work. Four different bay types will be present:

Car wash bay: Typical car wash tools (spray guns, soap brushes, etc.).

To produce a suitable climate for painting car components, a special ventilation system and other
environmental controls are required in the auto body/paint bay. For these bays, additional specialty
equipment is required (compressors, painting equipment, etc.).
Drive-on lifts will be available in the bays for wheel lifts. used for repairs that don't require the
suspension or wheels to be free.

Frame Lift bays: These bays will be equipped with a lift that can pick up a car by the frame, letting
the wheels and suspension dangle free.

Additionally, there will be a customer service centre where consumers will initially check in and be
assigned to the proper berth. Customers then check tools in and out as necessary before checking
out and making payments. Additionally, we will offer tools like Chilton's Manuals and websites with
DIY instructions and guidance.

The customer will fill out a form with general information upon check-in, including name, address,
phone number, payment method, type of repair/maintenance required, and anticipated completion
time. In this form, DIY Wash N' Fix shall disclaim any responsibility for the customer's incapacity to
complete the repair, any lost or stolen private items if the customer leaves their bay unattended,
and other problems as recommended by private and insurance carrier legal counsel. While DIY Wash
N' Fix does anticipate being held responsible for mistakenly rented defective or damaged
instruments, it will not be held responsible for injuries caused by improper use of a tool.

Ten identifying tags that can be exchanged for tools will be handed to the customer. For any tool a
consumer desires to rent, they must forfeit one tag. Multiple goals will be achieved through this
procedure. It stops one consumer from amassing all the tools, which would restrict access for other
customers. Additionally, it prevents a single client from amassing a sizable collection of tools and
making an attempt to steal them, reducing the risk associated with that particular customer.
Checkout is also simplified by this system. It is evident that not all the tools have been turned in if
the consumer returns less than ten tags upon checking out. The customer's check-in form will be
annotated to show the type of tools being used as tools are distributed in return for tags. The cost to
rent the equipment will differ. When creating a pricing strategy, the tools' lifespan and replacement
costs will be taken into account. If If the customer chooses a credit card as their mode of payment,
the number will be logged before the service in order to further guard against tools being stolen.
Before the ten tags are provided, the customer must either leave a credit card, driver's licence, or
cash deposit if they wish to pay in cash.

Once a customer has finished his job, he will check out and then remove the vehicle from the repair
bay. All of the identification tags or the tools the customer got will be returned. The completion time
will be noted and the receipt will be created after the tool account has been reconciled. The invoice
will include a breakdown of expenses. The receipt will include an itemised list of expenditures, such
as taxes, a bay rental price (depending on the time and type of bay rented), a tool rental fee (based
on the category of equipment rented), and any other fees, such as computer prints of explosion
charts or repair instructions. The customer can take their automobile out of the bay once they have
paid.

Because this is a risky area of the automobile industry, government laws governing the safety of
hydraulic and other lift equipment must be strictly followed. Additionally, it will be necessary to
establish and enforce the environmental standards governing how to properly dispose of the
drained auto fluids (oil, antifreeze, transmission fluid, etc.). The drainage system must be suitable for
containing unintentional spills.

Plan for Personnel

There won't be much labour available for DIY Wash N' Fix. A part-time general manager will be in
charge of managing corporate duties and partnerships with other businesses. Additionally, DIY Wash
N' Fix will hire three trained mechanics/managers, whose responsibilities will include running the
business on a daily basis. These responsibilities can be divided into managerial and operational
categories. Management responsibilities include include basic bookkeeping, inventory control, and
scheduling. They will be in charge of operational duties such as safety, compliance with regulations,
customer service, and repair guidance. Additionally, cleaning and customer service clerks will be
employed to carry out the most fundamental duties.

One general manager will oversee all outside business ventures and partnerships for DIY Wash N'
Fix. Accounting services, legal counsel, vendors, suppliers, maintenance providers, banking services,
advertising and marketing services, and investment services would all be included in the business
ties. 

The main mechanic will be responsible for running the company on a daily basis. Even though DIY
Wash N' Fix doesn't offer comprehensive repair services, it's to be expected that some consumers
may attempt fixes they are unfamiliar with and will want guidance. As a result, we plan to hire three
mechanics who are fully qualified.

The mechanics will not be authorised to undertake any work on a customer’s car, but they will be
able to take a look at the car to analyse the problem. We believe that only qualified mechanics
should advise consumers in order to minimise our liability for repairs that are performed improperly.
Customer service and managerial duties will be the mechanics' main responsibility. The principal on-
site manager will be the first shift mechanic, who will need the knowledge and abilities listed below
in order to do their job well:

Office Proficient:

knowledge about computers

Primary Bookkeeping

Worker Scheduling

Inventory Controls
Shopper Education:

mechanic who is ASE certified

Safety Procedures & OSHA

Environment-Related Issues

Shop Knowledge

Interpersonal Competence (Employees & Customers)

The Client

Leadership

Organizational

In addition to the mechanic who will be employed, customer service representatives will also be
required. Low-skilled employees with a passion for automobiles but no formal training as car
mechanics will be the main applicants for these jobs. These employees will be in charge of providing
customer service behind the counter and performing general maintenance tasks (to include the
bays, restrooms, customer services area and outside parking areas). They will not be permitted to
offer repair advise due to liability concerns. We will be looking for the following broad knowledge
and skill set from these employees:

Shopper Education:

knowledge about computers

Cashier's Desk

Use of General Automotive Equipment and Tools

Shop Knowledge

Interpersonal Competence

The Client

Correctional Work

Organizational
Summary of Market Analysis
Market Sighting

This company primarily targets consumers who undertake simple auto repairs on their own vehicles.
Additionally, we will focus on those people who want to work on their cars but are unable to do so
due to limitations (apartment rules, for example), weather conditions, or a lack of tools and
equipment.

mumbai, delhi, and banglore are among the potential destinations for the DIY Wash N' Fix initiative.

distinct market niche

Our design combines a coin-operated car wash with facilities for do-it-yourself auto repairs that are
outfitted with high-quality equipment. Auto repair fans will like having a one-stop shop for cleaning
and DIY repairs for their vehicles.

Corporate Identity

The name of the business will be "DIY Wash N' Fix," which accurately conveys the wide range of
services provided to DIY auto owners. Facilities will be spotless, bright, and well-lit in terms of
appearance. The different bays will be neatly arranged. The goal is to design a workspace where
employees will feel at ease.

Prices of rivals

Since our services are unique compared to others on the market, there are no comparable
competitors' prices. The typical cost of a coin-operated vehicle wash is $5, though. The cost for full-
service oil changes is between $25 and $30.
Provisional Plan
For the foreseeable future, the business model is viable. There is no practical alternative to cars and
trucks for personal transportation, and despite advances in engineering, maintenance and repairs
will always be required. There will always be those who are passionate about their automobiles and
want to undertake the maintenance themselves. Additionally, as cars become more complicated,
individuals will be ready to rent the specialised tools needed to complete some of the work rather
than buy them.

Additionally, as metro areas expand, more people move into apartments and condos, which limits
the repairs that can be made in parking lots. Additionally, this will assist in sustaining our business
model as more people search for alternative which to work on their vehicles.

 Growth Strategy

Given that the local market's demographics are fundamental to the company's success,
expansion must be handled with extreme caution. It is anticipated that this business model
will expand as additional facilities are opened in new markets. A viable growth plan for the
company when it has reached its maximum geographic reach under the existing
management is to franchise the brand and operational model. The owners of present coin-
operated car washes would most likely be the expansion strategy's target market.

Additionally, our business plan will give us a competitive advantage as a first mover.
Although it is simple to duplicate this business model, a pioneer can forge a strong enough
position in a market to maintain a steady cash flow even when rivals enter. We can grow
more quickly and farther by franchising.

 Plan for Succession

In order to shield the owners from personal liability, this business will be established. The
board will decide who will succeed whom.

Budgetary Plan
The DIY Wash N' Fix financials are based on a number of conservative presumptions. The
company is divided into three automobile painting, oil change/basic repair, and other
significant repairs bays, in addition to the original six car wash bays.

The balance sheet reveals that long-term PP&E make up the majority of our assets. The only
short-term asset, cash, is expected to increase from $177,362 to $377,317 at a rate of
around 7% annually. The entire assets are $755,562 at the outset. Liabilities are the
$520,380 in long-term loans that were taken out to pay for the PP&E. We now have initial
owner equity of $235,182.
According to the income statement, revenues are anticipated to increase by 5% annually
across all business segments, while net income is anticipated to increase by roughly 6%
annually.

Expenses

Approximately 57% of income are spent. Wages, utilities, maintenance, marketing, and
capital investments all count as expenses. The hourly pay for clerks is $7.00, whereas the
hourly pay for mechanics is $25.00. To guarantee that a clerk and a mechanic are always
accessible during business hours of 7:00 AM to 11:00 PM, there will be three clerks and
three mechanics employed full-time. 15 15% of revenues are thought to come from utilities.
The expected direct cost of sales (also known as maintenance costs) for all equipment,
including hydraulic lifts and painting equipment, is 2.5 percent of sales. 1% of revenue goes
on tool upkeep, and 5% goes into cleaning up after the automobile painting business. The
expected cost of other building maintenance is 0.5% of revenues. Ten percent of revenues
go toward marketing. The annual capital cost to replace lost or damaged tools is $1,500.
Depreciation is calculated in a straight line. For all equipment, a 15-year period is employed,
while for buildings, a 30-year period is used.

Financing

DIY Wash N' Fix borrowed money for a long time to pay for its $578,200 in asset purchases.
The debt is financed at 8% and has a maturity of 15 to 30 years. 10% of all the assets bought
were first spent, amounting to $57,820, as a down payment on the loans. As a result, the
amount funded is $520,380, or 90% of the asset's value. This equates to a $4,128 monthly or
$49,245 annual debt service payment.

On an asset basis, the old car wash with six bays that we buy to launch our business is valued
at around. $225,000. This purchase price includes enough land for the construction of our
new facility. Our loan value, after the 10% down payment, is $202,500. The building and
equipment for the car wash will both deteriorate over a period of 30 years.
On the property we bought, we'll build a new structure with nine additional bays for painting
and fixing cars. The expected cost of construction is $270,000, or $30,000 each bay. The
correct ventilation and environmental compliance will cost an additional $10,000 for each of
the three automobile painting bays. Consequently, the overall cost of our building is
$300,000. We'll finance $270,000 for 30 years at 8% with a 10% down payment.
Revenues and Prices

The cost of a car wash at DIY Wash N' Fix's coin-operated facility is $5. According to our
assumption of a seven-hour utilisation average per day, this equates to $35 per bay per day
or $1,050 per month. Our annual direct car wash revenues are $75,600 because we have six
bays. We have anticipated that the facility we purchased will have six vacuums, two vending
machines, and one fragrance machine for consumers to utilise for a small price in addition to
the basic car wash. These translate into additional yearly earnings of $18,720. Due to the
value-added services we offer on-site at DIY Wash N' Fix, car wash revenues are predicted to
grow by 5% annually.
We have three bays with a little 6,000-pound lift to do simple maintenance and repairs. In
order to compete with our rivals in speedy oil changes, we will charge $15 per hour for
usage of these bays. The average daily usage is seven hours. These lifts cost a total of $6,300,
or $2,100 each. $5,670 is being financed for 15 years at 8%.

For difficult repairs, we have three more bays with heavy-duty lifts with a 12,000-pound
capacity. These bays can be used for $30 per hour, with an additional $10 per hour for
access to up to ten tools at once. The average daily usage is seven hours. Due to the fact that
here is where we anticipate the majority of tool usage, the tool purchases, which initially
totaled $25,000, are included in this area. The huge lifts cost $5,800 each, adding up to a
total lift expense of $17,400. The lifts and the tools will cost $38,160 in total.

The cost to paint automobiles is $50 per hour, and there are three bays with that capability.
One paint job is likely to use the majority of the seven hours anticipated usage, even with
indoor drying time. The cost of building and maintaining the bays makes the painting fee
greater. The equipment, which will cost $4,500 and include compressors and paint guns, will
be financed for $4,050.

Significant Hypotheses

The essential premise of this business model is that there is a segment of the population that
would like to perform basic vehicle repairs and/or maintenance but does not because they
lack the tools or a suitable workspace. In order to gain access, they will therefore be
prepared to pay rental costs.
They will thus be prepared to make rental payments in exchange for having access to tools
and a workspace.

If the assumption is correct, pricing will be a crucial component of the venture's success.
Customers must believe the rent they are paying is worth it. Going to a full service mechanic
will be the alternative to our service if the cost is too high. The company won't be able to
recoup the cost of the initial capital expenditures, though, if the price is set too low.

Several exit methods are possible if the supposition is incorrect and the business is unable to
bring in enough clients.
Keep both the car wash and the repair bays under your control, but lease the repair bays to
a company that does full-service auto repair.
Maintain ownership of the car wash and the repair bays, but in the repair bays, own and run
a franchised auto repair shop (Midas, Meineke, etc.) that offers full service and does away
with do-it-yourself.
Sell all your assets and leave the industry.