They also sell a limited amount of new parts; however, because of their name, most people are not aware of this. Completed Opening Mobile Money Accounts: Introduce a same day delivery service for customers who place orders before a certain time, say 3: Outsiders to the racing industry must understand that racers may be the most obsessive consumers of any industry.
They stock parts to service their engine or chassis, but are usually limited in areas areas beyond that. You should conduct surveys that will reveal the brand of cars that are commonly found in your city.
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.
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.
Determine the saturation of auto parts stores in and around your prospective area of business. So auto spare parts business plan pdf, unfavorable government policies may also pose a threat for businesses such as ours. In fact, there are tens of thousands of serious young kart racers who have chosen this sport over baseball, football, or basketball.
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.
This opportunity may best be described as one ready and waiting for the first entrant who arrives with a well-conceived plan, sufficient industry experience, and the required capitalization. Completed Applications for Loan from the bank: Register Your Business and Obtain the Required License It is important that you register your auto spare parts business before opening your shop to the public.
As a matter of fact, once your customers notice that you and your sales clerks are knowledgeable, they will always come back to buy auto parts from you.
Since Southeast Racing Parts will cater to the circle track market, we believe that whatever local circle track customers they have will switch suppliers. 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.
We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams. They are usually impersonal, and have little or no technical support available. Payment Options The payment policy adopted by Freeway Auto Parts Store is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.
Sometimes they will service a local race track; however, they usually carry a very minimal amount of inventory, and are usually operated by a racer or an ex-racer depending solely upon a small circle of friends or acquaintances as customers. As part of marketing strategies, auto parts retail stores engage in massive clearance sales and discount sales to attract customers.
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. Raise Your Startup Capital -: As racing and the local population grow hand-in-hand, it should make many more potential customers available to us.
Review opportunities to supply specialist parts for older products that are not generally available, such as spares for vintage cars. Employ and Train your Sales Clerks You would need sales clerks to help you attend to customers and it is important that you employ staffs that are interested in the auto industry.
Therefore, ensure that you make enquiries from your local authority to confirm if you would need a license and the procedures to follow to obtain it. This coverage exposes many more potential participants to the sport. If your store is near any of these big-name retailers, you must create a market entry strategy that ensures the viability of your store.
Their prices are high, and their interest in selling to the entry-level market is basically nonexistent. So also, our team of highly qualify staff members is also a plus for the business.
Because of the pressure to win, they avidly purchase new technology. If you are going to sell used auto parts, you might need to obtain a separate license, depending on your business location. It is a strategy that helps them welcome new customers and also reinforce the loyalty of old customers.
We will have more knowledge and experience to suit their needs. 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.
One of the key points of our strategy is to focus on target segments that know and understand these needs and are willing for us to fulfill those needs.Are you about starting a spare parts shop? If YES, here is a complete sample auto spare parts shop business plan template & feasibility report you can use FREE.
If you want to start a retail business in the automobile industry, then you can consider starting automobile spare parts business. This business is highly profitable. In this article, we intend to explore an auto spare parts business plan sample checklist for your ready reference.
JÖNKÖPING INTERNATIONAL BUSINESS SCHOOL JÖNKÖPING UNIVERSITY BUSINESS PLAN (Import, Export and Car Trading Company) MASTER THESIS IN ENTREPRENEURIAL MANAGEMENT Author: Fred Tanyi Besong.
Auto Parts Store Business Plan Analysis July 18, Southeast Racing Parts (SRP) is a proposed specialty auto parts retailer focusing on the amateur car racing set.
SRP is an imaginative business venture with a positive prospect for growth and expansion. This is a free sample business plan for Automotive - Parts Retailer. To see more business plan examples, business plan software, and other business planning tools visit mint-body.com Southeast Racing auto parts store business plan strategy and implementation summary.
Southeast Racing Parts is a start-up company which provides entry-level oval track racers with affordable products and quality service.4/5(29).Download