Do you want to start an auto repair company from scratch? Or you need a sample auto repair shop business plan template? If YES, then i advice you read on.
Since the invention of automobile, a whole lot of business opportunities have been created around the automobile industry and the auto repair garage is one of them. All over the world, car repairs is one business that never goes into extinction. This is because daily, fleets of cars are being added to the garages of people and so whether it is a brand new car or a fairly used one, you can be sure that sometime in the future car repair would be inevitable.
As long as people use their cars and trucks regularly, there will always be reasons for them to visit an auto workshop if indeed they want these vehicles to continue to ply the roads. This is because you can never rule out wear and tear when a machine is in use.
People visit auto garages for different reasons; it could be for routine servicing, major repair works, or for refurbishing their cars. For whatever reasons, auto repair garage will always translate to money for the owner of the repair garage.
Here are all the insights you need to venture into this line of business. You need to make sure you equip yourself with the tips that are highlighted in this read. Here it is! 7 Basic Steps to follow to start your own Auto Repair Workshop:
Starting an Auto Repair Company – Sample Business Plan Template
Experts would advice as always that you do not rush into any kind of business without first looking to see what the business entails. Your quest to finding all the answers needed is what is called research. In venturing into the auto service repairs business, you must first do the needful task of arming yourself with the necessary knowledge of what it is, what is involved, how to start, where to seek advice, amongst others.
2. Basic Business Knowledge
Starting an auto repair garage doesn’t necessarily mean you must be a mechanic, but having basic business knowledge is all you would need. If you are a mechanic, it’s of course to your advantage, but if you are not, please be sure to read all you would lay your hands on regarding starting and running an auto repair garage. You have such information readily available on the internet and libraries.
You might also want to go the extra mile of being a trainee. This means that you must look to attach yourself with an expert who already owns an auto repairs business. This is so that you learn the practical way asides the theoretical things you might have read up.
The importance of money in any business cannot be over emphasized. It is very essential in starting any project at all. Although some school of thought believe that you can start some business without capital, the truth remains that if truly you want your business to start on the right path, generating adequate resources to rent a place and get the basic and required equipment in place would do you a whole lot of good.
There are various ways to raise capital to start your business; you could choose to save it up through personal contributions, you might also want to borrow from friends and families, or raise business partners, as well as get a loan from a bank, micro finance bank or other financial institution. It is very much advised that you utilize the most convenient means of all.
4. Registration and Licensing
In some climes, you would be required to own a license to start an auto repair workshop; if it applies to you, be sure to get all the trainings and documentation needed. This is so that getting issued an operating license from the licensing office would be a lot easier.
If indeed you want to operate a corporate auto repairs garage, you must go all the way to get it registered with the corporate affairs department of your state or country. Although you can operate an unregistered auto repair garage in some countries, operating a registered one is the best way to go because it would position you to do business with corporate entities.
In starting any business, getting a good location is one of the needed requirements that guarantee success. Look for an area where auto repair workshop businesses could thrive and get a garage there. The idea behind this is so that you get lots of clients to patronize you when you do kick off your business.
You might also look for areas where you could be the first to open an auto repairs business. Getting such a location could mean that the area is in need of an auto repair workshop. You can only arrive at this kind of knowledge only when you did a proper feasibility studies.
6. Equip Your Auto Garage
One sure way to attract clients is by equipping your auto garage with the right equipment. Doing this shows a sign of readiness in offering your services.
Some of the equipments you might need to purchase include: a workshop premises as stated earlier, your workspace must have a high roof, a rich natural light source, good gutters and drainages that permits oil and fluids, four post hoist with jacking beam, standard equipment hoist, basic mechanic tools, benches, pedestal drill, simple pipe bender, brake lathe, air tools, wheel balancer, amongst others. You might want to check the internet to get a comprehensive list of what might be needed too.
In this kind of business you might need to hire a few hands to start with. This is so because peoples skills in very imperative in the auto repairs business. Be sure to hire people with a rich experience of the venture. Hire folks who have the passion as this would go a long way in the type of services your clients get.
This is where you go all out to make sure that you make your business known. One great result this exercise yields is the money back. Therefore, you might want to consider adopting the following means of marketing. First of all, you might want to use the word of mouth medium.
Tell people around the neighborhood where you are located about your new business, you can as well ask that they referred people who might need auto repairs services to your garage. Also, coming up with handbills can also do a lot of trick.
Would starting out with this listed information set you on the right path? Without a shadow of doubt, after you have adhered strictly to these steps, you can be rest assured that you are on your way to building a promising auto service repairs business. However, do not forget that it takes a continuous hardworking effort to build a successful business.