Need a wheel repair business plan? Tire repair shops and small automotive service centers operate on one of the most common business models for small business in America. From regional chains to single-location shops, tire replacement, rotation, and sales centers can be found in every part of every city, and are particularly dense in large urban areas with high traffic counts. If your wheel repair shop is already in business, try to collect enough information to present a past performance table that shows what your success have been to date. (This section should combine your balance sheet and profit and loss statements from 2-3 years past.) For a start-up, develop a table showing how much money you need to open your doors and how you will spend it. Beyond this, include:
• A full list of the services you offer to motorists
• All products you're authorized to sell
• The level of inventory you should maintain
• Costs of permitting, insurance, utilities, and other overhead items
• The marketing you'll undertake to promote the wheel repair shop
• The sort of staff you'll need (PT/FT, how many, what salary, etc.)
The business plan's pro forma model should offer three years of projected performance, both in terms of your revenues and the operational expenses that will burden your cash flow. A bank will want to see that you can reach break-even in a reasonable timeframe, support the loan repayment required, and keep the business profitable at Year 3 and beyond. (Most loan repayment will last 7-8 years, but showing a 3-year model is SBA-standard.) The plan also needs a competitive assessment and a market and industry analysis. We can help you with all of this. If you're stuck or not sure where to begin, MasterPlans will take over. We have written plans for more than 10,000 clients. Call 877-453-2011 today.
