The Pep Boy Auto business plan isn't a publicly accessible document, but if you want to start your own auto service shop in the vein of the successful Pep Boys (NYSE: PBY) model, you can create a business plan that describes your market and services. What a Pep Boys style business plan needs to show is the sort of services you'll offer to motorists (tire rotation, oil change, washes, brakes, etc.) and the immediate market you'd serve from the target location. Use Census data to show people's spending on transportation and auto repair (a measured figure by the Bureau of Labor statistics) and the basic population surrounding the lot site you'd like to open. The plan should:
• Describe your target customer
• List the average price point and profit margin on core services
• Mention the market need
• Show the state of the industry locally
• Provide details on your staffing plan
The personnel forecast should differentiate between part-time and full-time workers, and it should not include anyone who you will use as a contractor instead of as salaried labor. The business plan should also show a marketing strategy so that the reader knows how you will advertise the location to passing motorists and homeowners/businesses in the area. Finally, show a management team summary and include a three year forecast of your revenues and expenses that shows the break-even point and your profitability. A banker will want to see that you can make steady payments toward a business loan. Need help with a Pep Boys Auto style business plan? Call the experts at MasterPlans today to learn all about how we cal help: (877) 453-2011.
