AUTOMOTIVE BUSINESS PLAN SAMPLE AND FEASIBILITY STUDY REPORT FORMAT
This article presents you with an automotive business plan sample that will serve as a template for writing a good business plan for your automotive business.
No doubt, you must have avail yourself with all the requirements you need to get started with your automotive business, and I know you are not here to read about how to start up a small automotive business. So, let us get right to business!
SAMPLE AUTOMOBILE RELATED BUSINESS PLANS:
AUTO MECHANIC, MOBILE CAR WASH, AUTO DETAILING, AUTO REPAIR SHOP, TOWING TRUCK, TIRE SHOP, DRIVING SCHOOL, TIRE RECYCLING, SELF SERVICE CAR WASH, FOOD TRUCKING, AUTOMATIC CAR WASH, SMALL ENGINE REPAIR, GPS VEHICLE TRACKING, CAR SERVICE CENTER, TIRE RETREADING
Are you interested in starting up an automotive business, and are looking for an automotive business plan sample to serve as a useful template to help you write a business plan for your automotive business or transmission repair franchise?
BUSINESS NAME: Gentle Jimmy Automotive Company.
- Executive Summary
- Vision Statement
- Mission Statement
- Business Structure
- Products and Services
- Market Analysis
- Sales and Marketing Strategy
- Financial Plan
- Sales Forecast
Gentle Jimmy Automotive Company is a fully registered and licensed automotive business. The Company will be located in one of the industrial zones of Ohio, United States. Our company will be concerned with providing the following services such as mechanical and electrical repairs and maintenance services that involve cars, trailers, trucks, et al.
Jimmy Sullivan will be the owner and the Chairman Executive Officer (CEO) of Gentle Jimmy Automotive Company.
The start-up investment that will be required is a $300,000 sum. $100,000 of it will be contributed by the owner, Jimmy Sullivan, from his savings and investments. $50,000 will be borrowed from the owner’s close friends and family, while the remaining $100,000 will be obtained as loan from the owner’s bank.
Our vision at Gentle Jimmy Automotive Company is to be renowned as the standard and world class automotive company whose products and services will be accepted not just in Ohio but all over the United States and even all around the globe. We will ensure we achieve this vision by making sure we do all that is permissible under the laws of the state and the United States.
Our mission is to deliver quality and professional automotive related services such as auto repair, maintenance services, to our customers, which will assist them in making sure that their automobiles are always in shape and top quality. Nonetheless, our company will be ready to compete favourably with the other top companies in the industry.
Our company, Gentle Jimmy Automotive Company, is an automotive company that hopes to start on a small scale in Ohio. In subsequent years, probably five to six years after start-up, we hope to grow our business big to the level where it can favourably compete with other top and leading brands in the automotive industry in Ohio and the United States at large.
We are aware of the importance of building a very strong business structure that is capable of supporting and guaranteeing us the prospect of actualizing our business vision of becoming a renowned standard and world class automotive company in the United States.
This is why we will ensure we hire only the right employees for our business, who are ready to work for us and work with us in actualizing our dream. We will only accept into our business, candidates that are hardworking, competent, driven, customer centric and have some measure of experience in the automotive industry.
Our employees will be hired based on their performance in an interview session that will be organized by us. In no particular order, the following are some of the positions to be filled:
- Auto Garage Supervisor.
- Sales and Marketing Executive.
- Automobile Repair and Maintenance Engineers/ Technicians
- Client Service Executive.
- Human Resources and Admin Manager.
PRODUCTS AND SERVICES
At Gentle Jimmy Automotive Company, our aim in the automotive industry is to totally maximize profits and minimize costs as practicable as possible under the laws of the United States.
Our focus is not to simply offer services to customers, but to make sure we offer the best in the industry. We want to establish our business to be able to completely compete with other businesses in the industry. This is why we will offer products and services that include the following:
- Repair and replacement of automotive engines.
- Power train repair services.
- Scheduled and preventative repair and maintenance services.
- Truck repairs.
- Repairs and replacement of mufflers.
- Repair of automotive transmission.
- Repair of automotive radiators.
- Repair and replacement of automotive exhaust systems.
- Repairing of general automotives.
- Several other repairs and maintenance services.
Jimmy Sullivan will be the owner and Chairman Executive Officer (CEO) of the automotive company.
One good market trend in the industry whether in the developed or developing countries is the fact that one could find steady growth in the automotive industry. In the last few years, the industry had grown so well in the United States that the growth rate is even projected to increase in subsequent years.
Our target market includes the following key groups:
- Financial Institutions such as Banks and Insurance Companies.
- Corporate Organizations.
- Transport Companies.
- Blue Chips Companies.
- Manufacturing and Distributing Companies.
- Individuals and Households.
- Haulage Companies.
SALES AND MARKETING STRATEGY
We will ensure we hire some of the very best experts to attend to our sales and marketing needs. We are well aware that the competition in the industry is very stiff, hence we will make sure our experts are very proficient in deducing formidable sales and marketing strategies to be able to keep our competitors at bay and shoot our company to become rated among the leading automotive companies in the United States.
We will start off by introducing our automotive business and our services to the relevant groups such as the transport companies, corporate organizations, et al; which we will do by sending our brochure and introductory letters to them.
We will ensure we also list our business in yellow pages ads. We will also advertise our company and services in relevant business magazines, newspapers, and on radio and TV stations.
We will also leverage on the internet and social media world to make sure we advertise our business. Also, we will have a functional website that our customers can log onto.
A total estimated sum of $300,000 will be required to start up Gentle Jimmy Automotive Company in Ohio, United States.
Sources of Funds
A total sum of $100,000 will be contributed from the owner’s savings and investments. $50,000 will be borrowed from the owner’s friends and family, and the last $150,000 will be obtained as loan from the owner’s bank.
The following is a sales projection for Gentle Jimmy Automotive Company for the next three years.
Year One $300,000
Year Two $800,000
Year Three $1,000,000
This sales projection has been done based on various factors such as location of our automotive business, and other obtainable statistics in the automotive industry. Nevertheless, this projection has not considered the emergence of any major competitor within the same location. Also, this projection has not considered the occurrence of any major economic meltdown.
The business plan sample in this article is an automotive business plan sample. This business plan sample has presented all the key areas of the business that will demand attention. It has presented the executive summary of the company; the vision and mission of the company; the products and services of the business to their clients; and the sales and marketing strategy to achieve their set out business vision.
It can only be hoped that this business plan sample will serve as a useful template towards enabling you write a good business plan for your automotive business.