Part 5/7:
After a successful first month, the narrator carefully evaluated his financial performance. He outlined expected costs associated with the operation, including:
Insurance: $89 per month for coverage through ABI period x.
Car Wash Subscription: $19 per month for keeping the car clean.
Maintenance Fund: Projected at approximately $90 per month, accounting for expected annual expenses like brakes and tires.
This resulted in a total monthly expense of roughly $170. In contrast, the narrator reported a gross income of $650 for June, which stems from frequent bookings of around $30 to $33 per day. After subtracting the expenses, he noted a net profit of approximately $480, showcasing a viable return from this side business.