Small Engine Repair Service Business Plan, Marketing Plan, How To Guide, and Funding Directory
The Small Engine Repair Service 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 a Small Engine Repair Service 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
- 3 Year Excel Financial Model
- Business Plan (26 to 30 pages)
- Loan Amortization and ROI Tools
- Three SWOT Analysis Templates
- Easy to Use Instructions
- All Documents Delivered in Word, Excel, and PDF Format
- Meets SBA Requirements
From lawnmowers to weed whackers to hedge trimmers – most of these machines operate with a small engine. Although electric motors have become popular for many household gardening tools and strong demand for small engine repair services. Additionally, many small engine repair services have taken to developing expertise in the repair of electric motors. As such, from time to time – was all homeowners and professional landscapers require these businesses.
The demand for small engine repair does not typically waned during times of economic recession given the professional landscaping companies and lawn mowing services are going to continue to need to have their engine serviced and maintain on an ongoing basis. As such, the high gross margins generated from repair services allows these companies to always remain profitable and cash flow positive. Even during times of economic recession when the demand for engine repair slightly declines due to the fact that people cut back online landscaping services – these businesses are able to remain profitable. The barriers to entry for a new small engine repair service are considered to be very low given that there is next to no licensure required to provide these mechanical services and the costs associated with providing the services the general public is very low. A small engine repair service can have a startup cost ranging anywhere from $25,000 to $50,000 depending on whether or not a standalone facility is going to be used to provide these services to the general public.
Given the high gross margins, low barriers to entry, and economic stability of these businesses – most financial institutions are willing to provide a small business loan or working capital line of credit in order to launch operations. Of course, a small engine repair service business plan is going to be required. This business plan should feature a three-year profit and loss statement, cash flow analysis, balance sheet, breakeven analysis, and business ratios page. This is a small industry and on an annualized basis small engine repair services typically generate about $400 million to $500 million per year. It should be noted that many of these services do not report all their income given that it is typically a home-based business for many entrepreneurs. These industry statistics reflect standalone companies that provide the service on an ongoing basis. Within the business plan as well, a full demographic analysis showcasing the number of households, household income, population size, population density, percentage of people that move the road lawn, and percentage of be included within the business plan. A special focus should be paid to the number of landscape contractors and lawn mowing services that operate within the local market as well.
A small engine repair service SWOT analysis should also be produced. As it relates to strengths, an individual that has a strong background in mechanical services can easily start a new small engine repair service. The barriers to entry are low in the startup costs are low. There is usually only very limited amount of competition in most local or regional markets.
For weaknesses, technology is constantly changing and many lawn mowing equipment pieces are now powered through electric motors. However, many small engine repair services – again – are able to render repair services for an electric motor. As such, while changing technology may have a slight impact on revenues it was going to take a significant amount of time before this industry becomes unprofitable.
For opportunities, the only way that these businesses are able to expand is by maintaining ongoing service and maintenance contracts with landscaping services, lawn mowing services, and other entities that use small engines as part of their operations. Additional locations can also be established in order to boost revenues from outside of the initial target market.
Regarding threats, outside of technology changes there is nothing about this industry that is going to competitive threats. There are currently no pieces of legislation or regulation that are known that would impact the way that these companies do business.
A small engine repair service marketing plan is typically developed in conjunction with the business plan and SWOT analysis. Foremost, the entrepreneur that is starting this business should immediately reach out to landscaping companies and lawn mowing services so that ongoing contracts can be received as it relates to maintaining their equipment. This will ensure regularity of earnings from the onset of operations.
A small website can be developed as well that showcases the engine repair services, preliminary pricing information, brands that are serviced, hours of operation, and parts available. This website should be listed among all major search engines. A web developer can easily create this type of website and it does not need to be expansive but needs to be found quickly when someone does a search engine query for small engine repair. A presence on social media for this type of business is generally considered to be optional. Many people do not frequently use FaceBook, Twitter, or related platforms for finding a small engine repair service. However, a boost in visibility can always help any business given that from time to time someone may ask for a recommendation among their community of friends and family. As such, the zero cost associated with maintaining a social media presence can be a modest boost as it relates to the marketing required by this type of company.
For a single owner operator, a small engine repair service can be a very lucrative trades focus business. Individuals that are looking to expand these types of companies into expansive organization to have a moderate amount of opportunity for capturing a good size of the local demand in any given market. These businesses, again, are typically able to remain profitable at all times and the demand is not expected to wane anytime soon. It is going to be a significant amount of time before these businesses operate exclusively on electric motors.