FRIENDS AND COMPANY FRIENDS AND COMPANY AUTO CAR WASH STATION AUTO CAR WASH STATION

Group introduction Group introduction Group leader : Arbab Khan ZaiGroup leader : Arbab Khan Zai

Group Member”s Group Member”s Ali RazaAli Raza

Jamal Khan Jamal Khan Waqas Khuda BuxWaqas Khuda Bux

Presented To :Miss Sadaf Presented To :Miss Sadaf

Mission statementThe mission statement of Friends and company is to provide top-quality washing and detail service for car owners in Hyderabad Sindh. Friends and company will

work to keep employees satisfied in order to maintain impeccable customer service.

The objectives Of Friends and company Car Wash and Detail Service are:

(1)To be viewed as a premium car wash and detail service in Hyderabad Sindh.(2) Maintain a very high gross profit margin.(3) Maintain a modest, steadily growing net profit margin.(4) Expand to two locations after third year of operation.

Objectives Objectives

Organizational structureOrganizational structure The type of ownership is partnership.The type of ownership is partnership. There are four partners in this business venture, they are;There are four partners in this business venture, they are; 1-Ali Raza1-Ali Raza 2-Arbab Iqbal2-Arbab Iqbal 3-Muhammad Jamal3-Muhammad Jamal 4- Waqas Khuda Bux4- Waqas Khuda Bux The profit allocation is 25% each partner mentioned above. All the four The profit allocation is 25% each partner mentioned above. All the four

partners are active partner of the business.partners are active partner of the business. All four partners are having authority of signing checks.All four partners are having authority of signing checks. All the partners are in management team and all are well familiar with All the partners are in management team and all are well familiar with

business administration rules and ways.business administration rules and ways. The role of the each member involve in the business is discussed as The role of the each member involve in the business is discussed as

follows:follows: NameName DesignationDesignation Ali RazaAli Raza Operation ManagerOperation Manager Waqas Khuda BuxWaqas Khuda Bux Asst: Operation ManagerAsst: Operation Manager Arbab Iqbal Arbab Iqbal G.M MarketingG.M Marketing M.Jamal KhanM.Jamal KhanFinance ManagerFinance Manager We decided to give 25% share in profit and expense of partners.We decided to give 25% share in profit and expense of partners.

Introduction of BusinessIntroduction of Business The Business:The Business:

Friends and company will be providing customers with Friends and company will be providing customers with three services: exterior car washing, interior cleaning, and three services: exterior car washing, interior cleaning, and detailing. Friends and company has no true competitors detailing. Friends and company has no true competitors that are trying to offer a high quality service for a that are trying to offer a high quality service for a reasonable rate. Most are trying to compete on price reasonable rate. Most are trying to compete on price alone. Friends and company' ability to provide a high alone. Friends and company' ability to provide a high quality service, both in regards to the actual washing as quality service, both in regards to the actual washing as well as customer service is all based on their ability to find well as customer service is all based on their ability to find the best employees. Hiring the best employees is cost the best employees. Hiring the best employees is cost effective because it decreases HR costs associated with effective because it decreases HR costs associated with turnover and other employee costs. Hiring the best turnover and other employee costs. Hiring the best employees and making sure that they are well taken care employees and making sure that they are well taken care of ensures that they in turn take care of the customers. of ensures that they in turn take care of the customers. Study after study proves that a happy employee is far more Study after study proves that a happy employee is far more likely to provide the highest level of customer service likely to provide the highest level of customer service compared to an employee who is not happy and feels that compared to an employee who is not happy and feels that they are being taken advantage of.they are being taken advantage of.

History Of BusinessHistory Of Business The first conveyor zed automatic car washes appeared in The first conveyor zed automatic car washes appeared in

the late 1930s. Conveyor zed automatic car washes consist the late 1930s. Conveyor zed automatic car washes consist of tunnel-like buildings into which customers (or of tunnel-like buildings into which customers (or attendants) drive. Some car washes have their customers attendants) drive. Some car washes have their customers pay through a computerized pay through a computerized POSPOS, or unit, also known as an , or unit, also known as an "automatic cashier", which may take the place of a human "automatic cashier", which may take the place of a human greeter. The mechanism inputs the wash into a greeter. The mechanism inputs the wash into a master computer or a tunnel controller automatically. When master computer or a tunnel controller automatically. When the sale is automated, after paying the car is put into a line-the sale is automated, after paying the car is put into a line-up often called the stack or queue. The stack moves up often called the stack or queue. The stack moves sequentially, so the wash knows what each car purchased. sequentially, so the wash knows what each car purchased. After pulling up to the tunnel entrance, an attendant usually After pulling up to the tunnel entrance, an attendant usually guides the customer onto the track or conveyor. At some guides the customer onto the track or conveyor. At some washes, both will pass over a tire and the system will send washes, both will pass over a tire and the system will send several rollers. The tire sensor lets the wash know where several rollers. The tire sensor lets the wash know where the wheels are and how far apart they are. On other the wheels are and how far apart they are. On other systems the employee may guide the customer on and hit a systems the employee may guide the customer on and hit a 'Send Car' button on the tunnel controller, to manually send 'Send Car' button on the tunnel controller, to manually send the rollers which push the car through.the rollers which push the car through.

Nature of BusinessNature of Business

The business we are going to start is The business we are going to start is PARTNERSHIP. We are Four partners PARTNERSHIP. We are Four partners named: Arbab Khan ZAi, Ali Raza, Jamal named: Arbab Khan ZAi, Ali Raza, Jamal Khan, Waqas Khuda Bux.Each partner is Khan, Waqas Khuda Bux.Each partner is investing 10lac rupees only. So the total investing 10lac rupees only. So the total investment is 40 lacks.investment is 40 lacks.

Car washes service fall into Car washes service fall into five categoriesfive categories::

Self serviceSelf service - An open  - An open baybay (the area that the car sits  (the area that the car sits inside) is typically used in these systems. Self-service inside) is typically used in these systems. Self-service systems have a pressure sprayer, and sometimes a systems have a pressure sprayer, and sometimes a foaming brush, that is connected to a large central pump. foaming brush, that is connected to a large central pump. The sprayer has a coin-operated dial system to select the The sprayer has a coin-operated dial system to select the option you want, such as "soap," "rinse" and "wax." A timer option you want, such as "soap," "rinse" and "wax." A timer shuts the off after a certain period of time, at which point shuts the off after a certain period of time, at which point you must put in more if you want more water.you must put in more if you want more water.

Exterior rolloverExterior rollover - A system that is growing in popularity,  - A system that is growing in popularity, exterior rollover car washes are automated systems where exterior rollover car washes are automated systems where you drive your car inside the bay. Once your car is in the you drive your car inside the bay. Once your car is in the correct position, a signal informs you to stop. At that point, correct position, a signal informs you to stop. At that point, the car-wash equipment moves over your car on a track, the car-wash equipment moves over your car on a track, performing a specific function, such as applying soap or performing a specific function, such as applying soap or rinsing, with each pass. Exterior rollover systems are very rinsing, with each pass. Exterior rollover systems are very common at gas stations, where the price is often common at gas stations, where the price is often discounted in conjunction with buying a tank of gas.discounted in conjunction with buying a tank of gas.

Exterior onlyExterior only - This automated system is popular in the  - This automated system is popular in the northeastern part of the but can be found all over northeastern part of the but can be found all over the world. You drive your car into the entrance of a long, the world. You drive your car into the entrance of a long, tunnel-like bay. The front tire, usually on the driver's tunnel-like bay. The front tire, usually on the driver's side, is positioned on a specialside, is positioned on a special conveyor belt conveyor belt, and you , and you put the car in neutral. The conveyor belt guides the car put the car in neutral. The conveyor belt guides the car through the bay, where the car goes past several pieces through the bay, where the car goes past several pieces of equipment, each with a specific purpose.of equipment, each with a specific purpose.

Full serviceFull service - A modification of the exterior-only system,  - A modification of the exterior-only system, full service uses the same conveyor-belt-based automated full service uses the same conveyor-belt-based automated system. The difference is that the interior is manually system. The difference is that the interior is manually cleaned by attendants, and some exterior services, such cleaned by attendants, and some exterior services, such as hand-drying and wheel-cleaning, are available.as hand-drying and wheel-cleaning, are available.

Detail shopDetail shop - A detail shop may hand wash or use an  - A detail shop may hand wash or use an automated system to wash the car. Then, attendants automated system to wash the car. Then, attendants completely clean and polish the car, normally applying completely clean and polish the car, normally applying wax and using a tool called a wax and using a tool called a bufferbuffer to remove the wax  to remove the wax and polish the car. Detail shops are often able to remove and polish the car. Detail shops are often able to remove dull paint.dull paint.

SECOND PARTSECOND PART

PRESENTED BYPRESENTED BY

WAQAS KHUDA BUXWAQAS KHUDA BUX

Location of businessLocation of business

Location of our business is main Qasim Location of our business is main Qasim Choke near shell petrol pump. We choose Choke near shell petrol pump. We choose this location because it is very open and big this location because it is very open and big space. We can easily handle 100 to 200 space. We can easily handle 100 to 200 cars at a time. It is very convenient location cars at a time. It is very convenient location for this business.for this business.

Plant InformationPlant Information The machinery that we are going to The machinery that we are going to

install to this project is imported install to this project is imported from Germany. Its total cost is 19, from Germany. Its total cost is 19, 000, 00 rupees including tax. The 000, 00 rupees including tax. The tax we paid for it is 6,00,000 rupees tax we paid for it is 6,00,000 rupees only and the net plant value is only and the net plant value is

13, 000, 00 rupees only.13, 000, 00 rupees only.

33RDRD PART PART PRESENTED BY:PRESENTED BY:

ALI RAZAALI RAZA

Target customerTarget customer The CustomersThe Customers Friends and company will target three main Friends and company will target three main

groups of customers: individual car owner and groups of customers: individual car owner and leasers, car dealerships, and local businesses. leasers, car dealerships, and local businesses. The surrounding area is quite affluent, 40% of The surrounding area is quite affluent, 40% of the residents earn over 7,00,000 a year. the residents earn over 7,00,000 a year. Consequently, they have nice cars and want Consequently, they have nice cars and want them to look nice. There are five different car them to look nice. There are five different car dealerships within a three-mile radius which will dealerships within a three-mile radius which will require car washing services for the various require car washing services for the various fleets. Lastly, there are many different local fleets. Lastly, there are many different local businesses that have company cars and that businesses that have company cars and that require clean appearances require clean appearances

Customer SegmentationCustomer Segmentation

New car ownersNew car owners Older luxury car ownersOlder luxury car owners Local businessesLocal businesses DealershipsDealerships:: Sports car ownersSports car owners: :

44thth PART PARTPRESENTED BY:PRESENTED BY:

JAMAL KHANJAMAL KHAN

Financial forecasting Financial forecasting

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL

SALES 180,000 20,0000 210,000 220,000 240,000 232,000 240,000 248,000 252,000 260,000 280,000 3,00000 2862,000/-

Less: Exp:

Operat: Exp:

Rent & Adv: 65,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 230,000/-

Office 50,000 -- -- -- -- -- -- -- -- -- -- -- 50,000/-

Insurance 50,000 -- -- -- -- -- -- -- -- -- -- -- 50,000/-

Material 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 120,000/-

Advertising 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 6,00000/-

Depreciation 2708 2708 2708 2708 2708 2708 2708 2708 2708 2708 2708 2708 32496/-

Wages 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 192000/-

Bill 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 6,00000/-

Total Operat Exp:

293708 143708 143708 143708 143708 143708 143708 143708 143708 143708 143708 143708 (1874496/-)

Net Profit / Loss (113708) 56292 66292 76292 96292 88292 96298 104292 108292 116292 136292 156292 987504/-

FRIENDS & COMPANY, INCOME STATEMENT31ST DEC, 2011

Sales 2900,000

Less Expenses

Operating Expenses

Rent 180,000

Insurance 50,000

Material 120,000

Advertising 300,000

Depreciation 32496

Wages 192,000

Bill 600,000

Total Operating Exp: (1474496)

Net Profit 1425504

Non Operating Exp:

Tax (11% x 1425504) (156805)

Taxable Profit 1268699

FRIENDS & COMPANY, INCOME STATEMENT31ST DEC, 2012

Sales 30,00,000

Less Expenses

Operating Expenses

Rent 180,000

Insurance 50,000

Material 120,000

Advertising 100,000

Depreciation 32496

Wages 192,000

Bill 600,000

Total Operating Exp: (1274496)

Net Profit 1725504

Non Operating Exp:

Tax (14% x 1725504) (241570)

Taxable Profit 1483933

FRIENDS & COMPANY, INCOME STATEMENT31ST DEC, 2013

Friends and companyBalance sheetDec, 31,2011Assets:Current AssetsCash 1213008Cash at bank 1824496Total current assets 3037504Fixed Assets:Plant and equipment 1950,000Total assets 4987504Liabilities and Owner’s equity:Liability--------------------Owner’s equity: -Arbab khan: 10, 00,000Ali Arain: 10, 00,000Jamal Khan: 10, 00,000Waqas khuda: 10, 00,000

40, 00,000Add: net income 987504Total liabilities And owner’s Equity: 4987504

FINAL PARTFINAL PARTPRESENTED BY;PRESENTED BY;

ARBAB IQBAL KHANARBAB IQBAL KHAN

CONCLUSIONCONCLUSION Need of the venture.Need of the venture. Brings change in the automobile Brings change in the automobile

market of Hyderabad.market of Hyderabad. By choosing this business we can get By choosing this business we can get

maximum profit with minimum risk and maximum profit with minimum risk and time saving.time saving.

In addition, we give the new idea to In addition, we give the new idea to the people of Hyderabad by giving this the people of Hyderabad by giving this exposure.exposure.