Tire Shop Business Plan Best Websites Using Thesis Theme
For retail, you need floor space to display tires and storage for bulk inventory.
Alignment is done on a computerized machine that requires a significant investment or lease option.
The most important aspect of our business is trust.
It is the goal of our firm to have 100% customer satisfaction in regards to quality, friendliness, time to completion and to discover new ways to exceed the expectations of our clients.
Assess the population base, vehicles on the road and the competition.
The tire business is often safe because every vehicle on the road requires tire service.
The business will come to you in a high demand market – especially with advertising – but a high visibility location increases natural foot traffic.
Always do your market research before investing in the location.
Many different niches exist within the tire business, ranging from retail to repair.While conducting market research, assess the pricing offered by competitors and work through your pricing strategy.Determine the margins and profits from each service offered.Speak to a business attorney to see which makes the most sense for your needs.After obtaining the licenses and liability insurance, you can acquire the equipment needed and begin marketing your tire shop business.At least one garage bay is required but multiple bays with high clearance increase your earning abilities.Purchasing the space is ideal as an investment, but leasing is common, especially for a new business with limited capital.Based on this information, you can calculate the number of customers required to reach income goals.Additionally, you will require business licensing and liability insurance.Many shops do not work on engines or transmissions but they will handle suspension-related parts.If you want to expand into mechanical services, you'll need basic mechanical tools like screwdrivers, socket wrenches, and even a torch and welding equipment. You will need plugs and patches and the ability to pull the tire off the rim and remount after completing the repair.