Automotive Repair Shop Business Plan, Marketing Plan, How To Guide, and Funding Directory
The Automotive Repair Shop Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start an Automotive Repair Shop business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.
Your Business Planning Package will be immediately emailed to you after you make your purchase.
Product Specifications (please see images below):
- Bank/Investor Ready
- Complete Industry Research for the Industry
- 3 Year Excel Financial Model
- Business Plan (26 to 30 pages)
- Marketing Plan (24 to 28 pages)
- 425+ Page Funding Directory
- PowerPoint Presentation
- Loan Amortization and ROI Tools
- Three SWOT Analysis Templates
- How to Start a Business Guide
- Easy to Use Instructions
- All Documents Delivered in Word, Excel, and PowerPoint Format
- Meets SBA Requirements
Automotive repair services are always going to be a demand given that most people do not know how to fix their own car or truck. The gross margins generated by these types of businesses are very high. Additionally, automotive repair shops generate revenues not only from mechanic labor but also from the sales of automotive parts. In all economic climates these businesses are in demand to provide their services to the general public. Generally, the startup costs for establishing a new vehicle repair shop or moderate. Usually, the startup costs can range anywhere from $50,000 to $250,000 depending on the number of bays that the automotive repair shop will have in its facilities.
When you are developing a automotive repair shop business plan, you’re going to need to focus heavily on the financial statements. These financial statements include a profit and loss statement, cash flow analysis, balance sheet, breakeven analysis, and business ratios page that an investor or a bank can review to determine whether or not to provide you with the capital you need in order to start this type of business. Generally, banks and financial institutions are very happy to provide capital to automotive repair shops given, again, their economic stability. Within the business plan, you should heavily focus on local market research. This includes taking a look at the population size, median household income, and most importantly the competitors that you are going to face on a day-to-day basis.
Once the business plan is done, it is time to develop the automotive repair shop marketing plan. If the repair shop is in a state that allows private companies to do inspections, this is one of the foremost ways that an individual can bring their repair pair shop to prominence. By providing a reasonable discount on the services, customers can become familiar with the service offerings at the business. One of the ways that automotive repair shops market their services is by heavily discounting mechanic labor for certain automotive services. This includes providing low cost oil changes and car inspections.
Once the marketing plan is complete it is time to conduct a SWOT analysis. As it relates the strength of an automotive repair shop these businesses, again, are able to generate revenues on ongoing basis regardless of the economy is doing. Weaknesses include substantial competitive issues that are going to be faced by any business owner but very specific to people that operate automotive repair shops. Most owners of these businesses generally expand their operations by being able to provide more specialty services including automotive tutoring while also developing new locations. At this time there are no known threats that would change the way that these automotive repair shops business.
In closing and automotive repair shop can be a highly lucrative investment depending on location, the customer base, median household income, and whether or not there’s a substantial competition in the local market. These businesses will remain in demand in perpetuity.