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Strategic Analysis with current research! Car Parts Store, Inc. The Company was founded by John Doe. Doe is now sourcing a number of suppliers and manufacturers that will provide the business with its inventories from the onset of operations. The business will also maintain a one-bay automotive repair area so that customers that need assistance with the installation of car parts can come to the store for these services.
This will be an important secondary revenue center for the business. The third section of the business plan will further describe the products offered by the Car Parts Store.
The interest rate and loan agreement are to be further discussed during negotiation.
Doe has more than 10 years of experience in the retail automotive industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.
Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years. This includes greater development of after-market tuning and performance enhancing products which generate a larger margin that standard automotive products.
The Company is registered as a corporation in the State of New York. Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time.
Doe may seek to sell the business to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Car Parts Store. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings.
Doe intends to sell standard car parts as well as performance enhancing and aesthetically enhancing automotive products. Currently, the economic market condition in the United States is in recession.
This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period.
Some automotive retail sales are also provided by 45, gas stations; 24, new car dealerships; and branches of chain stores, like Sears, Wal-Mart, and Kmart. The industry is highly fragmented: The profitability of individual companies depends on volume, because many costs are fixed.
Revenue per location is lower for large chains, like Pep Boys. About 60 percent of industry revenue comes from mechanical repair and 40 percent from sales of automotive parts and supplies.For example: Let’s say you auto broker a three old Camry for a local business owner (very good auto broker clients BTW), and take his 10 year old Corolla on trade-in.
It is a nice little car with cold A/C, less than K miles, and all service records. Due to the growing marketplace, is a common necessity for commercial goods and products to be moved to a new city or state.
This need creates a great opportunity for new transportation businesses and as a result the trucking industry is an extremely competitive field. This package provides you with a complete package with the tools that you will need to start and expand your Auto Broker. With the business plan template, you will receive a 9 chapter plan in MS Word (with associated MS Excel financial template) that you can use to acquire capital from banks, finance companies, investors, or grant pfmlures.com: To the Stockholders of U.S.
Auto Parts Network, Inc.: Whether or not you plan to att end, please sign, date and return the 3. such other business, if any, as may properly com e before the Annual Meeting, or any adjournment, po stponement or extension thereof. Aug 03, · Evacuation orders in parts of Redding have been lifted, and residents are finally returning home even as the Carr Fire continues to rage in Northern California.
May 14, · To start a used auto parts business, develop a thorough business plan that outlines your budget, inventory, marketing strategies, and the areas you plan to specialize in. Choose a good location for your business and obtain any licenses, permits, and insurance required by law to sell to the public%(20).