A business plan for a car workshop is generally a document used to obtain funding for a small workshop that teaches people how to work on cars in a vocational setting. The end-goal of a business like this is to equip people trying to learn to be mechanics with all the basic tools and know-how so that they can begin careers as repairmen working on various automotive models. Car workshops exist in big cities and small towns all across the country, and they are either independently run or attached to community works projects or vocational schools backed in part by municipal funding. No matter what sort of car workshop model you have in mind, the business plan you'll need to get one off the ground should be comprehensive, clear, and able to answer all of the following basic questions that investors/lenders will ask:
• Who is your target market?
• What is the market need that you fill?
• How will you be recruiting people to the program?
• What are the costs they pay to learn versus your costs in the workshop?
• Where/how will the cars be acquired?
• What amount of funding do you need?
The plan should also spell out how you will allocate the seed capital (by category) and should include a full personnel plan showing when you will hire assistants or whether they will be 1099 contractors instead. The business plan should also have a model that gauges sales and expenses over a 3-5 year period, resulting in a net profit percentage that is reasonable yet still appealing. The document also needs a section outlining your chief competitors, the industry conditions as forecast for the next 2-3 years, and your planned marketing strategy/competitive advantages. Want help getting this plan done? Call MasterPlans today to learn how our expert writers can help you get a draft fast: 877-453-2011.
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