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Automotive Repair Shop
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This auto repair business plan was written for an S-Corporation to secure a
building lease and obtain start-up financing. The business has since expanded
into custom detailing and used car sales.
How did you get to work today? Chances are, you drove your vehicle without any
issues, except for the occasional slow driver, road construction, and road
rage. What would you do if your vehicle had mechanical problems? Where would
you take it for service? Do you know the technician who will complete the
repairs? Would you understand the actual repairs being completed? These are
important questions that Auto Care, Inc. hopes all import car owners can
answer.
This business plan will address the desires of Auto Care, Inc. to become the
leading import auto service facility in the greater-metropolitan area. The
purpose of this plan is to obtain bank financing to fund the start-up venture.
Auto Care, Inc. will target import car owners in a fifteen-mile radius of its
location. All import cars including Honda, Acura, Toyota, Lexus, Mitsubishi,
Nissan, BMW, and Hyundai, will be serviced at reasonable prices and delivered
on time.
The proposed start-up date is April 1st. Auto Care, Inc. has potential
customers already waiting for service and needs a location soon. The location
is the former location of an automotive repair facility that targeted four
specific models. The building is large enough to handle Auto Care's early
business with ample room for expansion as the business grows.
Auto Care, will be owned and operated by Mr. & Mrs. Edgar. Mr. Edgar, President
and Treasurer, has many years in the automotive industry, the last several as a
General Manager at both a Honda and Daewoo dealerships. Mr. Edgar is an A.S.E.
Certified Technician including Masters level training, which he achieved in
1995. Mrs. Edgar, Vice President and Secretary, will coordinate office
responsibilities from billing, customer service, to parts replenishment. A
third individual will be hired as the lead technician and has, over 20-years of
automotive experience, specifically on imports.
Start-up promotions will include a flier campaign covering the nearby shopping
mall, business park, University campus, and neighborhoods. AUTO CARE, INC. is
planning a grand opening celebration in mid-January including food, drinks,
reduced repairs, and informative discussions.
According to the traffic flow and customer repairs, first year revenues are
estimated at $230K. AUTO CARE, INC. is seeking bank financing of $100K.
Proceeds from the financing will be used to fund start-up costs and purchase
equipment. Mr. Edgar has $38K in a checking account he will use towards working
capital, and another $50K in tools. The combined funds of $138K will be enough
to cover six months fixed expenses, and get AUTO CARE, INC. started. The
financing will be re-paid through monthly earnings over the next five years.
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