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Sample Business Plans -> Auto Repair Service

"Auto Repair Service" Business Plan:

1.0 Executive Summary
2.0 Company Summary
2.1 Company Ownership
2.2 Company History
2.3 Start-up Summary
3.0 Products
4.0 Market Analysis Summary
5.0 Strategy and Implementation Summary
6.0 Management Summary
7.0 Financial Plan

 
 
Business Ideas applicable for this business plan:

Wheels and Tires Hotel
Fix your own car
Car repair

 

This business plan was originally published
by Palo Alto Software, Inc. All rights reserved.

2.0 Company Summary

Quick and Dirty Auto Repair is a new start-up incorporated business managed by four partners. Three of the four partners represent sales/management, and one focuses on the finance/administration section of the business.

The economic growth of the last several years has resulted in increased disposable income. Many people have chosen to spend part of their increased income on their automobiles. As a result, the need for reliable and convenient auto services has substantially risen as well. QDAR will position itself to capitalize on the growing need of the middle and upper class market for quality auto service in the Portland metropolitan area. The company will be privately owned by four co-owners, with most of the additional funding coming from a ten year SBA loan.

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2.1 Company Ownership

QDAR is incorporated in the state of Oregon. It is privately owned by Jake Braques, Blair Horne, Hyugo Ford and Gaz Môder. To attract additional financing, the owners may consider taking QDAR public several years down the road.

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2.2 Company History

QDAR is a new start-up company. The company management team has strong industry experience and a clear vision of how QDAR will position itself in the local market.

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2.3 Start-up Summary

Each of the four co-owners will invest $62,500. The remainder of the required financing will come from a ten year Small Business Administration (SBA) loan in the amount of $250,000 and a short-term loan in the amount of $55,000. Total loss at start-up is $5,000. The following chart and table show projected initial start-up costs for QDAR.

Start-Up

Start-up
 
Requirements
 
Start-up Expenses
Legal $3,000
Other $2,000
Total Start-up Expenses $5,000
 
Start-up Assets Needed
Cash Balance on Starting Date $100,000
Start-up inventory $50,000
Other Current Assets $50,000
Total Current Assets $200,000
 
Long-term Assets $390,000
Total Assets $550,000
Total Requirements $555,000
 
Funding
 
Investment
Jake Brakes $62,500
Blair Horn $62,500
Yugo Ford $62,500
Gaz Motor $62,500
Total Investment $250,000
 
Current Liabilities
Accounts Payable $0
Current Borrowing $55,000
Other Current Liabilities $0
Current Liabilities $55,000
 
Long-term Liabilities $250,000
Total Liabilities $305,000
 
Loss at Start-up ($5,000)
Total Capital $245,000
Total Capital and Liabilities $550,000

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