Or you need a sample auto parts shop business plan template? If YES, then i advice you read on.
Accountable for fixing prices and signing business deals In charge of providing direction for the busines Responsible for signing checks and documents on behalf of the company Appraises the success of the organization Reports to the board Responsible for overseeing the smooth running of HR and administrative tasks for the organization Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
Informs job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
Explains job positions for recruitment and managing interviewing process Carrying out staff induction for new team members In authority of working out, evaluation and assessment of employees Responsible for arranging travel, meetings and appointments Supervises the smooth running of the daily office activities.
Accountable for preparing financial reports, budgets, and financial statements for the organization Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
Responsible for financial forecasting and risks analysis. Auto Spare Parts Shop Business Plan — SWOT Analysis Our intention of starting just one outlet of our auto parts retail store in Charleston — South Carolina is to test run the business for a period of 2 to 5 years to know if we will invest more money, expand auto spares business plan business and then open other outlets all over major towns in South Carolina and key cities in the United States and Canada.
We are quite aware that there are several auto parts retail stores all over Charleston and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business.
We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats.
So also, our team of highly qualify staff members is also a plus for the business. The fact that we are going to be operating our auto parts retail store close to one of the largest residential estates in Charleston — South Carolina provides us with unlimited opportunities to sell our auto parts to a large number of individuals, auto repair, services and maintenance garages and transport companies.
We have been able to conduct thorough feasibility studies and market survey and we know what our potential clients will be looking for when they visit our auto parts store outlets; we are well positioned to take on the opportunities that will come our way.
Just like any other business, one of the major threats that we may face is economic downturn. Another threat that may likely confront us is the arrival of a new auto parts retail outlet in same location where ours is located.
So also, unfavorable government policies may also pose a threat for businesses such as ours. No doubt, a massive rise in consumer confidence has also contributed in helping the industry experience remarkable growth, but uneven performance in these drivers has led to slightly constrained revenue growth for the industry.
So also, the rising demand for parts manufactured by a third-party manufacturing company, as a result of increasing disposable income and consumer sentiment, will result in revenue growth, but profit margins will stagnate as auto retail stores keep prices low to attract more sales amid growing competition.
As part of marketing strategies, auto parts retail stores engage in massive clearance sales and discount sales to attract customers. It is a strategy that helps them welcome new customers and also reinforce the loyalty of old customers. Lastly, in recent time, the auto parts retail stores landscape has seen tremendous changes in the last 20 years; it has grown from the smaller outlets to a more organized and far reaching venture.
The introduction of franchise and online store makes it easier for a retailer to reach out to a larger market far beyond the areas where his physical auto parts retail store is located.
Our Target Market Perhaps it will be safe to submit that the auto parts retail stores industry has one of the largest ranges of customers; almost every automobile owner would have one reason or the other to purchase automobile parts and accessories.
In view of that, we have positioned our auto parts retail store to service the residence of Charleston — South Carolina and every other location where franchise cum outlets of our auto parts retail stores will be located all over key cities in the United States of America and Canada.
We have conducted our market research and feasibility studies and we have ideas of what our target market would be expecting from us. We are in business to retail a wide range of auto parts to the following groups of people and corporate organizations; Car owners Auto repair, maintenance and servicing garages Transport companies Haulage companies Our Competitive Advantage A close study of the auto parts retail stores industry reveals that the market has become much more intensely competitive over the last decade.
As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry. We are aware of the stiffer competition and we are well prepared to compete favorably with other leading auto parts retail stores in Charleston — South Carolina and throughout the United States and Canada.
Our auto parts retail store is located close to the largest residential estate in Charleston — South Carolina We have enough parking spaces that can accommodate well over 30 cars per time.
One thing is certain; we will ensure that we have a wide range of auto parts from leading auto parts manufacturers available in our store at all times. It will be difficult for customers to visit our auto parts retail store and not see the type of auto parts and accessories they are looking for.
Our excellent customer service culture, online store, various payment options and highly secured facility will serve as a competitive advantage for us.
Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category startups auto parts retail stores in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.
We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time. We are in the auto parts retail stores industry to maximize profits and we are going to go all the way out to ensure that we achieve or business goals and objectives.
In essence, our source of income will be the retailing of a wide range of auto parts from different manufacturing companies at affordable prices.
We have been able to critically examine the auto parts retail stores industry and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in Charleston — South Carolina.
Please note that the above projection might be lower and at the same time it might be higher. We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time.
We hired experts who have good understanding of the auto parts retail stores industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Charleston — South Carolina. In other to continue to be in business and grow, we must continue to sell the auto parts and accessories that are available in our store which is why we will go all out to empower or sales and marketing team to deliver.This business plan has been developed to obtain a start up capital for the operations of BEFCO Trading Limited- an import export and car trading company.
It also serves as an operational out-line and plan for the first five years. The founding entrepreneurs intend to raise a start up capital. Business ratios for the years of this plan are shown below.
Industry profile ratios based on the Standard Industrial Classification (SIC) code , Auto and Home Supply Stores, are shown for comparison. Create your own business plan Business planning has never been easier.
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Aug 02, · The auto parts retail industry enjoys resilience even during times of economic downturn. Therefore, learning how to start an auto parts store can be a profitable venture.
Starting an auto parts business is easy as long as you possess adequate knowledge. Create a business plan and work it out from there. If you want to start an auto parts business, you will need a business plan and a place where you can sell the items.
Auto spare parts business is indeed a profitable business because the replacement of damaged or worn – out auto parts is compulsory if you want your vehicle to continue to be on the road and serve the purpose you bought it for.