Need Help? Call 403-690-6793

CCWSolutions

  • Home
  • About us
  • Services
    • Design
    • Build
      • Project Phase
      • Applications & Permits
      • Construction & Equipment
    • Service/Install
  • Projects
    • Active
      • Okotoks Car Wash
      • South Trail Car Wash
    • Completed
      • Enterprise
      • Lacombe (Petro)
      • Chestemere
      • Nolan Hill
  • Equipment
    • In Bay Automatic
      • Fusion X
      • Water Wizard 2.0
    • Tunnel Wash
      • Express Tunnel Wash
    • Self Serve
      • Coleman Hanna Self Serve
      • Custom Kraft Self Serve Wash
    • Water Softner
      • Wood Bros Water Softner
    • Vacuum
      • Fragmatics Vacuum
      • Coleman Hanna Vacuum
  • Payment Systems
    • Hamilton Payment System
    • Tap and Wash
  • Chemicals
    • JBS Industries
  • For Sale
  • Blog
  • Contact
  • Login
  • Home
  • Blog
  • 5 Key Company Figures When Building a Car Wash Business
kenny eliason  YU2u99cwPk unsplash
0
Jared
Thursday, 16 June 2022 / Published in Blog

5 Key Company Figures When Building a Car Wash Business

It’s important to have key company figures ready from the start of your business, as they’ll be needed for your business plan and for any interviews with potential investors. 

These figures can help you keep track of your business’s progress and make any necessary changes along the way.

What Are Company Figures? 

Company figures are important information about your business that can be used in determining your business’s financial status and future performance.

They can be used to compare the financial performance of your business to the performance of other businesses in the same industry or to determine the financial effect that changes to your business have on your business and your bottom line.

1) Total Capital

When you’re starting out, it’s essential to make sure you have the money you need to get your business off the ground.

The total capital for your business includes the combined cash and non-cash capital you will use to start the business. This includes the total cash needed to start and operate your business over the next 12 months.

Non-cash capital includes the value of any assets you have that you’ll use in your business, such as vehicles or equipment.

2) Return on Assets (ROA)

The return on assets (ROA) is a business efficiency ratio that measures the profitability of a company’s assets. A company’s ROA is calculated by dividing its operating income, or earnings before interest and taxes (EBIT), by its total assets on its balance sheet.

ROA is a good indicator of how well a company’s management is using its assets to generate income. A high ROA typically indicates a well-managed company.

3) Return on Investment (ROI)

A return on investment (ROI) measures the efficiency of an investment. ROI is calculated by dividing the gain or loss on the investment by the total investment.

ROI is often used in the investment world to help investors determine the efficiency of their current investments and guide new investments.

Your ROI may change as you add more business assets or as you make changes to your business.

4) Cash Flow

Cash flow is the term used to describe the amount of money you receive from sales of your products or services and the amount of money you spend to operate your business.

Basically, cash flow is a measure of how well your business is managing its cash. A positive cash flow indicates that your business is generating sufficient income to cover its expenses. A negative cash flow indicates that your business is not generating enough income to cover its expenses.

5) Gross Profit

Gross profit is a business-performance ratio that measures the profit generated from a company’s sales. It is calculated by subtracting the cost of goods sold from revenue.

Gross profit should be considered when you’re deciding what types of products to sell in your self-service car wash business. Deep cleaners and high-quality car wash products will generate a higher gross profit than basic car wash products.

Conclusion

Car washing business financial statements are designed to help you better understand your business’s finances. They’re also useful in helping you to make decisions about the future of your business.

Build your own car washing business with the help of CCW Solutions. We provide commercial car wash equipment to help you get started. Get in touch with us today!

What you can read next

Why Modular Construction Works Best for Car Wash Sites
car wash business
Franchise Car Wash: 5 Vital Questions to Ask before Investing
erik mclean iFq8Q3iAY5U unsplash scaled
Starting a Car Wash: 5 Ways to Increase Your Customers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • car wash

    In-Bay Automatic Car Wash Systems: Choosing the Right Solution for Your Business

    Developing a successful car wash business invol...
  • car wash

    Winterizing Your Canadian Car Wash: Preparing Your Facility for the Cold Season

    As the owner or operator of a Canadian car wash...
  • carwash

    Building an Environmentally Friendly Car Wash: Your Step by Step Guide

    In today’s increasingly eco-conscious soc...
  • carwash business

    Marketing Strategies to Boost Your Car Wash Business Success

    Entering the car wash industry in Canada can be...
  • car wash

    Maximizing Customer Experience: Innovative Car Wash Services and Amenities

    In today’s highly competitive car wash industry...

Recent Comments

    Categories

    • Blog
    • Uncategorized

    Recent Posts

    • car wash

      In-Bay Automatic Car Wash Systems: Choosing the Right Solution for Your Business

      0 comments
    • car wash

      Winterizing Your Canadian Car Wash: Preparing Your Facility for the Cold Season

      0 comments
    • carwash

      Building an Environmentally Friendly Car Wash: Your Step by Step Guide

      0 comments
    • carwash business

      Marketing Strategies to Boost Your Car Wash Business Success

      0 comments
    • car wash

      Maximizing Customer Experience: Innovative Car Wash Services and Amenities

      0 comments

    Archives

    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • August 2020
    • July 2020
    • June 2020
    • May 2020

    Meta

    • Register
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    CCWS Logo A1 Colour 1024x416 1

    MENU

    • HOMEPAGE
    • ABOUT US
    • SERVICES
    • CONTACT US
    © 2020 CCWSOLUTIONS | All rights reserved. | Powered By DistinctiveMS
    TOP
    Registration Form

    Sign Up For Exclusive Content

    You will receive the latest car wash updates across Alberta including car washes that are on the market through CCWS exclusively.

    Register New Account

    Log in to renew or change an existing membership.

    OR

    Login