Not everyone has the talent and technique to repair and restore cars, and if you have those skills, you might have thought of starting an auto repair business.
After all, most people prefer the autonomy having a business offers. But with autonomy comes responsibility. And to fulfill that you’ll need an auto repair business plan.
If you are planning to start a new auto or car repairing shop, the first thing you will need is a business plan. Use our sample Maxwell Garages – Auto Repair Shop Business Plan created using upmetrics business plan software to start writing your business plan in no time.
Before you start writing your business plan for your new auto repairing shop, spend as much time as you can reading through some examples of services-related business plans.
In 2021, 162000 establishments were having a combined annual revenue of $115 billion in the US auto repair industry.
The growth has mainly come from the increasing number of cars on the road. Also, the growing mileage consumption has played a huge role.
Opening up a car repair shop requires you to pay for construction costs, labor, and equipment.
As the auto repair business is a profitable one it attracts a lot of competition, and to stay ahead of it you’ll need skills and a proper business plan.
Things to Consider Before Writing an Auto Repair Business Plan
Select what area of repairs you’ll work on
Auto repairs shops take up a variety of jobs like repairing and painting car bodies, transforming old vehicles, or doing tire and mechanical repairs.
So, it is necessary to decide what you want to do before getting started. Having a specialization helps you get more expertise in the area and makes you more reliable for the job to customers.
Pick a suitable location
An accessible location is a must for an auto repair business. Your location would also rely on the niche you’ll be working on. Tire repair services are usually on the road to make them accessible for emergencies.
While transformation services are mostly opened inside the city for easier pickup and drop.
Hire an efficient team
An auto repair business’s success relies heavily on the quality of services you provide. That helps you retain customers and get more. Hence, it is important to have a team that can provide quality services to your customers.
Apart from that, it is also important to have a team that has good technical as well as soft skills to understand your customer’s problems better.
Formulate marketing strategies
Marketing your business is essential to attract customers and build your brand’s identity. Hence, it is important to have a marketing strategy for all the platforms your target audience uses to find repair services.
Chalking out Your Business Plan
A business plan helps you leverage the best of your resources, and get the maximum out of your efforts.
A business plan also comes in handy if you need funding or loans for your business, as investors and banks prefer to see a business plan before they give the money.
Reading sample business plans will give you a good idea of what you’re aiming for. It will also show you the different sections that different entrepreneurs include and the language they use to write about themselves and their business plans.
We have created this sample Maxwell Garages – Auto Repair Shop Business Plan template for you to get a good idea about how a perfect auto repair shop business plan should look like and what details you will need to include in your stunning business plan.
Auto Repair Shop Business Plan Outline
This is the standard auto repair shop business plan outline which will cover all important sections that you should include in your business plan.
- Executive Summary
- Keys to Success
- Mission Statement
- Vision Statement
- Financial Summary
- 3 Year profit forecast
- Company Summary
- Business Structure
- Startup Summary
- Startup cost
- Products and Services
- Market Analysis
- Market Trends
- Target Market
- Market Segmentation
- SWOT Analysis
- Strategy & Implementations
- Sales Strategy
- Advertising Strategy
- Local Publications
- Community Events/Organizations
- Commuter Advertising
- Customer Loyalty Programs
- Direct Mail
- Pricing Strategy
- Financial Plan
- Important Assumptions
- Brake-even Analysis
- Projected Profit and Loss
- Profit Yearly
- Gross Margin Yearly
- Projected Cash Flow
- Projected Balance Sheet
- Business Ratios
After getting started with Upmetrics, you can copy this sample auto repair shop business plan template into your business plan and modify the required information and download your auto repair shop business plan pdf or doc file.
It’s the fastest and easiest way to start writing your business plan.