How do I finance my Geowash Business ?

Compared to some other car wash and detailing café franchise groups, Geowash classifies itself as a “Low Investment Entry Point Franchise Group”. We are aiming towards producing a uniform store design that not only makes the most out of our Osborne Park Store theme but saves on cost and time; there’s no reinvention of the wheel with our store design every time we get around it.

As we move into 2014, franchise applicants were provided with some good news; we can offer some powerful financing options/ solutions to assist our franchisee with their finance requirements.

ANZ is our referred bank for Business Loans, reasons being:

  • ANZ’s $2 billion lending pledge applies to new small businesses, whether or not you currently bank with ANZ. ANZ approved on average 74% of fully completed new small business lending applications for the 12 months ending 31/11/2014 (source: Originations Volume Monitoring Report, November 2014).
  • ANZ has also been awarded 2014 Best Value Small Business Bank by CANSTAR. This was awarded on the basis of ANZ’s strength across selected price and product related categories. Terms and conditions, fees and charges apply. All applications for credit are subject to ANZ’s normal credit approval criteria. The information is general in nature and does not take into account your personal circumstances.
hand wash
hand wash

 

We at Geowash are able to assist our Franchisees in their business loan application process with ANZ bank. We assist in collating all the documents required and we have contacts with different banks that can assist in their loan application process. We can refer them to our existing pool of contacts to make the process easier for our Franchisees. ANZ Business Loans offer flexible loan options.

By working on the Business Loan Application together, we can assist in working out a finance package that is convenient for the Franchise.

Financing options are very appealing to franchisees. Individual banks offer varying amounts for franchises depending on their asset position and subject to the application assessment. Finance options are available from 50% to 80%. Every application is assessed on a case by case basis by the bank.

Here’s a rundown of our start-up costs:

Geowash Hand Car Wash and Café Site ranges from $295,000 to $380,000 (Car wash and Café) plus GST.

Car Wash Café Style Franchise Ranges from site to site
Franchise Establishment Fees $35,000
Car wash and café plumbing, electrical, building, wash pad, shade sails etc $150,000 to $175,000
Architectural Design and Layout $25,000 to $40,000
Equipment $30,000 to $60,000
Signage $15,000 to $25,000
Point of Sale Computer System / Cash Register, software, training and installation $10,000
Uniforms $2,500
Products – Initial Stock $3,500
Initial Training Fee $5,500
Other Miscellaneous Set-up Costs $18,500 to $23,500
TOTAL $295,000 to $380,000

Note: All figures exclude GST, and some costs can vary depending on site. Certain sites start at $89,000 eg basic Multi-level car park sites etc.