Soapy Rides Business Plan

The Deshpande family has been serving the Long Island area with a car repair business and property development /management for over 30 years.

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The business will be initially financed by a $30,000 investment by Mark Deshpande and will finance growth through cash flow.

This will mean that the company will grow more slowly than it could, but it will ensure that Mark retains control over the direction of the company.

The surrounding area is quite affluent, 40% of the residents earn over $70,000 a year.

Consequently, they have nice cars and want them to look nice.

In year three, it is hoped that the company will be able to open a second location.

It is envisioned that an outside loan or equity funding will be sought at that time.

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Management The strength of Mark's experience and his family's name equity and assistance is Soapy Rides' competitive edge as well as a significant asset.

Mark has been involved in the family's car repair business for the last ten years.


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