A car accessories business plan should start by describing and itemizing the car accessories that you will make and/or sell. If you’ll be mainly a reseller of other companies’ products – which is far and away the most common business model in this space – then simply list the brands you plan to carry and the type of products. Cell phone connectors, radar detectors, specialty floor mats, window tint packages – car accessories can really run the gamut. (Try to group yours into categories so that it will be easier to model out your financial performance when the time comes.) Once you’ve gotten all your products onto paper, consider this: who are the buyers? Talk about:
• The market targets you will pursue
• Their needs, similarities, and so forth
• The amount they spend on their cars per year, where known
• The competing businesses you will be up against
• The amount of money the car accessories industry made last year
The car accessories business plan’s pro forma model will need to show three consecutive years of financials, which includes revenues and expenses and should result in a statement of your ultimate net profit and net profit percentage. A banker will only require a three-year model (SBA standard), but if you’re going the angel investor route, you will need to stretch these tables out to five years to show the potential ROI and provide an accurate gauge of the investor’s share. The business plan also needs a brief marketing strategy (what channels will you use to promote your company and brand?) and a bio section and personnel plan talking about yourself and who will work with you. MasterPlans can write the business plan for car accessories for you – call us today to hear timelines and prices! (877) 453-2011.
