Strategic Analysis with current research! Mobile Oil Change, Inc. The Company was founded by John Doe.
While it is a relatively simple process, many car owners do not want to take the time to do it or do not want to get their hands dirty. Because of this, many car owners are willing to pay someone else to do it for them.
Starting your own quick lube business can provide a way to help customers and charge a fair price for the service you give. Make a business plan for your quick lube business. In the business plan, you should include information about what type of services you plan to offer and what will separate you from the competition.
You should also include information about any other oil change businesses in the area and how they will impact yours. Make some financial projections such as a sample income statement, balance sheet and statement of cash flows. You should also include information about whether you will buy into a franchise or start an independent quick lube business.
Get the money you need to get started with your business. Borrow the money from a commercial lender, bring on investors in the business or both. You can talk to your friends and family members to see if anyone is interested in investing. Investors and lenders will need to see a copy of your business plan before making a decision, in most cases.
Secure a location for your quick lube business.
In this type of business, you have a very special set of needs for a location. You need a building that has an office space and a waiting area for customers. You also need a work area that has multiple bays for cars to pull into. Work with a Realtor in your area who specializes in commercial properties to find a location for your business.
Using the market analysis and suggestions from the Realtor, determine how many bays your startup business needs. Two bays may be appropriate for some locations, but large metro areas may require three or four bays to accommodate customers and continued growth.
Buy a business license for your quick lube business. Every city has its own process for getting a license. Most cities simply require you to fill out an application for a business license and pay a fee. Once you submit the form and the fee, the application must be approved. At that point, the city issues a certificate that should be conspicuously displayed in your business -- at the front desk or in the waiting area, for example.
Get a policy that provides financial protection for the building that you acquire as well as for the equipment inside. If your employees are injured, this provides compensation for lost wages and medical bills. Develop a relationship with a distributor. Buying your oil, filters and other supplies in bulk gets you a discount.
Call quick lube businesses in other areas and ask the owner who their distributors are. As long as owners know that you are not competing against them directly, they may be willing to help you.
Try calling auto parts stores as well to get contact information for distributors.If You Fail To Plan. Then You Plan To Fail!
We show you how to identify your Primary Market, Total Market, Target Market and of course you’re Competitors in this section. Keys To Being A Success &. | eBay! The third section of the business plan will further describe the services offered by Mobile Oil Change, Inc.
The Financing Mr. Doe is seeking to . The Mobile Oil Change Service Business Plan is a comprehensive document that you can use for raising capital from a bank or an investor.
This document has fully automated 3 year financials, complete industry research, and a fully automated table of contents. The template also features full documentation that will help you through the business .
Start a mobile oil change business with little startup costs and operate from home. Excellent growth potential by offering related automotive services.
The Oil Change Business is a $15 billion industry in which you can earn tremendous rewards for your efforts. We invite you to join Lube N' Go in the explosive growth of the nation's leading and most innovative on site oil change service. Find land for your oil change business.
You can either purchase land outright or lease it, perferably long term. Make sure the land is zoned for an oil change facility, or that you get the proper zoning exemptions.