Auto Garage Business Plan
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1. INTRODUCTION
With the increasing of luxurious life of man, man has shifted permanently from cycle or footsteps to car or moped vehicles. Automobiles are the things which we use regularly and are important part of our lifestyle and community. Any thing that we use need to maintained it and need nourishment also, this automobile also needs proper servicing, maintenance, cleaning, oil changing, motor greasing etc. the caring more the increases the life of automobiles and thus least the expenses it causes. With this motive and aim this auto garage business gets its importance and now become most useful and beneficial business for the autos. Thus, increasing its advantages auto garage business starts becoming successful and earning profit, so its best idea to open auto garage business.
Starting a auto garage business at any heavy traffic national highway or state highway adds extra profit to your pocket due to less availability of facilities and competition at there and also huge need of auto garage at such places and having opening for 24 hours also a best option.
2. CASE STUDY
Some of the case studies of auto garage business are as follows:
- Zonnett: This is the start-up auto garage repair shop starts in august 2015 by some Mumbai associates’ group of four. This is Mumbai basedZonnett locale in the through chain or non-chained repairing centre. Now becoming almost best centre in the centre of Mumbai. Also started earning in crores within just few years. Their service is proving their ability and their talent with some hard work.
- MeriCAR.com: This MeriCAR.com is the start-up organisation which was founded in 2008 by NCR who decided to start it after researching and getting know about the increasing sales of automobiles in Indian market. This now expanded into all over Indian market serving 24*7 for emergency services. This app enables customers to locate car repair shop in the area within 20 km using GPS.
3. BUSINESS IDEAS’S SWOT
i) Strength
- # This automobile garage business is easy to set up.
- # The garage business doesn’t require lot of expenses to start.
- # In this automobile business profit earning is heavy.
ii) Weakness
- # This auto garage business is risky to run as expensive cars are hand over to you for service by customers at your risk.
- # This garage business requires skilled labours and employees.
- # Lot of space required to settle the business and run it for the parking and maintenance of automobiles especially cars.
- # Need excessive supply of water for the washing and cleaning of automobiles.
iii) Opportunities
- # Customers put their vehicles for the monthly or half yearly servicing at the garage for the smooth functioning of vehicle.
- # During the offer seasons people usually have do their automobiles servicing.
- # In rainy season lot people faced problems regarding automobiles so that’s the opportunity forautomobile garage business.
- # Selling of second hand automobiles is also the big opportunity for the auto garage business.
- # Frequency of car washing and cleaning is also having in profit business.
iv) Threats
- # Thus, like every business increase in the competitors is threat.
- # Nowadays automobiles companies are opening their franchise for the auto garage business this causes loss of retail garages.
- # People now usually don’t buy second hand vehicles this also causes loss.
4. SERVICES TO OFFER
- # Servicing and maintenance: This is basic service which are offered to the customers in which auto need to be checked just whether they are in good condition or not and increase the durability by adding oil and greasing the parts of motors. For the servicing customers put their auto in half yearly or within two or three months just for the maintenance.
- # Repairing and fault finding: This is the crucial service which can help to earn maximum profit and also lot of customers put forward for this thing only. Once you prove yourself best in repairing and fault detecting then clients know you and visit repeatedly.
- # Washing and cleaning: Washing and cleaning are the extra plus point you can add to your auto garage business and this also brings lot of weekly customers to you also.
- # Selling second hand automobiles: The middleclass customers are the mostly who buys second hand automobiles as due to their low budget so having your garage in middle class localities can be beneficial too.
- # Dent removing and painting: People usually don’t want to sold their expensive cars and bikes as due to some denting and little crash on it but can’t afford to drive in such situation,so they remove dent and paint their autos. Also, accident vehicles can be repainted and repaired for selling it at good price.
5. LEGAL NEEDS
As per the Indian Norms:
- # Municipal/Nagar Nigam Registration.
- # Trade license
- # Business registration
- # LLC
- # Pollution certificate
- # MSME/SSI Registration
- # Business Bank account
- # Insurance
6. FINANCIAL PLAN
- # Garage
- # Electricity
- # Water supply
- # Air compressor
- # Vehicles lifting track
- # Labours(mechanics)
- # Mechanical machineries
- # Tools and equipment (like screw driver, nuts, puckers)
- # Batteries and chargers
- # Other accessories of repairing