Strategic Analysis with current research! The Automotive Repair Shop, Inc.
Wheel alignment and repair services Other repair and maintenance services Sales Forecast One small auto repair shop business plan is certain, there would always be haulage companies, transportation companies, corporate organization, government agencies, households and individual who would need to take their cars, vans, and trucks et al for routine maintenance and servicing or for outright repairs.
We have been able to critically examine the automobile maintenance, servicing and repair market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in Fairhope — Alabama.
It is based on the location of our business and of course the wide range of auto repair, servicing and maintenance services and target market; First Year-: Please note that the above projection might be lower and at the same time it might be higher. In addition, we will also offer special discounted rates to all our customers at regular intervals.
We are aware that there are some one — off jobs or government contracts which are always lucrative, we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts.
Here are the payment options that we will make available to our clients; Payment by via bank transfer Payment via online bank transfer Payment via check Payment via mobile money Payment with cash In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.
Auto Repair Shop Business Plan — Publicity and Advertising Strategy We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market.
We are set to become the number one choice for both corporate clients and individual clients in the whole of Fairhope — Alabama and other cities in the United States of America where we intend opening our garages which is why we have made provisions for effective publicity and advertisement of our solar panel installation, maintenance and repair company.
Ensure that all our staff members wear our branded shirts and all our vehicles are well branded with our company logo et al.
Auto Repair Shop Business Plan — Financial Projections and Costing In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.
This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.
As for the detailed cost analysis for starting an automobile repair and maintenance garage; it might differ in other countries due to the value of their money. Jack Romney and his twin brother and business partner for many years James Romney.
They are the sole financial of the business which is why they decided to restrict the sourcing of the start — up capital for the business to just three major sources. These are the areas we intend generating our start — up capital; Generate part of the start — up capital from personal savings and sale of his stocks Generate part of the start — up capital from friends and other extended family members Generate a larger chunk of the startup capital from the bank loan facility.
All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited. Sustainability and Expansion Strategy The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure.
We know that one of the ways of gaining approval and winning customers over is to offer our auto maintenance, servicing and repair services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more.
We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams. Completed Opening Online Payment Platforms: In Progress Securing a standard office facility for our studio: Completed Application for business license and permit: Completed Purchase of All form of Insurance for the Business: Completed Conducting Feasibility Studies: Completed Generating part of the start — up capital from the founders: Completed Writing of Business Plan: Completed Drafting of Contract Documents: In Progress Design of Logo for the business:May 02, · Instead, develop your plan as a way to decide whether you can move forward opening an auto body repair shop in a particular area.
2 Get guidance writing your business plan from the SBA%(90). Suppliers have a great deal of power in setting and negotiating the prices of their products and services to repair shops.
This is due to the fact that the suppliers who absorb the greatest amounts of cash from repair shops are large auto part companies. Oct 25, · How to Start a Car Repair Business In this Article: Article Summary Designing a Business Plan Opening Your Store Expanding Your Business Community Q&A If you are interested in opening your own car repair shop, now is a great time because the market for mechanics is currently experiencing significant profit gains%(35).
F and R Auto Repair auto repair shop business plan executive summary. F and R Auto Repair is a start-up automobile repair and service business/5(44).
How to calculate net force write an essay on the evolution of manUsmc major general selection list fy Marketing assignment sample pdf. What is academic writing. However, the planning stage for every business enterprise requires that such business should have a working document, which is usually what the business plan represents.
This article will be paying close attention to the auto repair service business.