Not accustomed to writing business plans? Business plan template for an auto repair shop will turn a typically challenging process into a total breeze.
Modelled on a complete business plan of an auto repair shop in Normandy, our template features both the financial forecast and the written part that presents the project, its team, the local market and the business strategy implemented by the management.
Cast your eyes on this template to achieve a better understanding of what your bank and investors would like to see, so that you can create a business plan that meets their expectations.
Garage And Auto Repair Shop Business Plan
Adapt this template to your personal project by changing the written part or the financial forecast in our online business plan software.
The template contains a complete presentation folder. If you choose to adapt this template to your project in the software, you will be able to include images and rich text.
The template contains a comprehensive financial plan. The software allows you to include ready-to-use tables and analysis (break-even point calculation, financial analysis, etc.).
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We will offer a courteous and personalized service, making sure to carry out any necessary service needed to maintain the car in question, and will also offer professional advice to our customers.
The company will be located at 25 Route de Louvigny in the town of Louvigny, which is considered as one of the main commuter towns of Caen.
The Route de Louvigny is one of the most popular roads among employees travelling regularly between Caen and Louvigny. It's also located near the historical Prairie Racetrack, the Exhibition Centre, the Malherbe Stadium, and The Zénith concert hall.
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The garage is, therefore, very visible to those moving in and out of Caen and close to major events such as concerts and soccer matches, which is ideal if someone's car breaks down, as it can provide assistance quickly and efficiently.
The company's legal structure is as a limited company. It will have two partners, Valentine D and Loïc C., who both hold 50% of the shares.
Having worked in the same garage together for almost five years, the two managers know each other very well and their individual skills complement one another's perfectly.
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Valentine D. worked as an executive assistant in a local garage for 10 years. She will be in charge of the administrative and commercial management of the company.
Loïc C. has 7 years of experience in mechanics. He will be in charge of the auto-repair workshop, and more broadly the operational part of the company.
It is estimated that 83% of the 67 million people living in France own a car - making it a country filled with motorists. For many, the car is an everyday necessity.
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The steep increase in how frequently and how far people travel, coupled with the longer lifespan of cars on the road means there's a higher demand for car garages than ever before.
With the average lifespan of a car being around 8.5 years, regular maintenance and inspection is required to ensure it continues to function smoothly.
At 32.7 million, privately owned vehicles make up the majority of all cars registered within France. They're followed by commercial cars, estimated at 6.1 million, and 1 million light-duty vehicles (including pick-up trucks and vans), which also require the services of a car garage.
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Since the 2000s, the French have favoured the purchase of brand new cars over used vehicles - with 2.11 million new cars sold in 2017.
This is due, in particular, to the scrappage bonuses introduced by the government, as well as a tightening of rules to bring car owners in line with changes regarding technical inspections and environmental regulations.
As for the budget each car owner must set aside for maintenance, the average annual cost was said to vary from €872 to €1, 801 in 2018, depending on the type of car.
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Garage visits have also become more frequent due to the increasing presence of electric cars, which explains why individuals can no longer afford to forgo specialised labour.
According to INSEE figures, there are 41, 600 maintenance and auto repair businesses throughout France - with about 1 garage for every 1, 600 inhabitants.
The French car repair market is not very cyclical. However, we have noted a slight decrease in overall revenues between 2010 and 2015, due to fewer road accidents.
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From 2016, the overall turnover of the auto repair market increased by 4% - from 21.2 billion euros in 2016, to 22.1 billion euros in 2017.
In terms of purchasing habits, a car owner is most likely to seek out a car garage they already know and trust when they need work done on their car - so it's very important to provide a quality service that builds customer loyalty.
The Caen agglomeration alone has more than twenty garages. There is, however, only one other garage in Louvigny - with five more located in the neighbouring towns.
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According to Statista.fr, there were 145, 934 new passenger car registrations in Normandy in 2017, with the local market representing about 7.2% of the French market.
The services offered by our competitors are similar to ours, and, apart from the quality of service and the customer reception area, there are no real areas of differentiation between our car garage and theirs.
We do believe, however, that the location of our garage means we'll be readily visible to motorists travelling from Caen to Louvigny, and that the market is large enough to support the arrival of a new entrant.
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We believe we can achieve a total turnover of 429, 850 € for year 1. We plan to develop our business over the following years, by building customer loyalty and implementing the actions indicated in our marketing plan. This should allow us to reach revenues of 454, 900€ in year 2 (with 5.83% of growth) and 461, 600€ in year 3 (with 1.47% of growth).
We expect to achieve an EBITDA of 22, 499€ (with a 5.23% margin) in year 1, 39, 989€ in year 2 (with a 8.79% margin) and 44, 077€ (with a 9.55% margin) in year 3.
Net operating cash flow should be positive throughout the plan, enabling us to meet our loan repayments while providing leeway for us to renew our equipment and deal with any contingencies.
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The creation of our car garage will require an initial investment of €240, 000. The partners will contribute €70, 000 (29%) and we would like to obtain the below bank financing to fund the remaining €170, 000:Auto repair shops should be present anywhere; they fix cars that have broken down or repair any issues of a vehicle to avoid further problems and complications that may escalate that could result in accidents and mishaps. Auto mechanics are skilled people who are experts in handling and fixing vehicles parts and installing them safely into the vehicle. If you’re an auto mechanic and you want to open a business where you can repair troubled cars, one of the first things you need to do is create a business plan. A business plan will serve as your roadmap on which areas your business must follow to ensure you get to the right destination, and the destination is the success of your business. Read the article to know how to write an auto repair service business plan.
An auto repair shop, or also known garage or a workshop is an establishment where vehicles are repaired by auto mechanics and technicians. They offer various repair services for vehicles. Some common services they offer include:
Start your business plan with a cover page where you put down your information such as the name of your auto repair shop, its address, your name as the owner, and the date when the plan is completed.
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The next first section of the business plan is the executive summary. This section provides an overview of each section of your business plan. Make sure this does not exceed more than one page. It should highlight your mission statement, its business structure, its scope of work, the services you offer, the requested amount of funding from investors, your total investment in the business, and your long-term goals for your business.
This section is where you describe your auto repair shop company. Include details such as the location of the shop, its entity, details of your repair shop, the services you offer and its pricing, the history of your company, and the nature of your business. Include details of your target customers, the purpose why your business exists, and your advantage compared to your competition. Attach all the permits, certifications, and licenses you acquired that let you operate your business legally.
This section is where you comprehensively describe details of your fish farm, including construction costs, ease of operation, and productivity, the equipment, vehicles, tools, fixtures, furniture, and other inventory items that are required to run your business. Include other important details such as the topography and zoning details of your business location.
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Don’t forget to include details of your data management and risk management. Explain how you store and use your data without a threat of breaching confidential information and explain your procedures on how you identify risks in your business and how you address them to prevent unfortunate circumstances from happening.
This section is where you describe your organization details such as your staff and
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