Mobile Oil Change Business Plan [Sample Template]

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Are you about starting a mobile oil change business? If YES, here is a complete sample mobile oil change business plan template & feasibility report you can use for FREE.

Okay, so we have considered all the requirements for starting a mobile oil change business. We also took it further by analyzing and drafting a sample mobile oil change marketing plan template backed up by actionable guerrilla marketing ideas for mobile oil change companies. So let’s proceed to the business planning section.

Since the invention of automobile, a whole lot of business opportunities have been created around the automobile industry and the mobile oil change business is one of them.

All over the world, car maintenance /services is one business that never goes into extinction. This is because daily, fleets of cars are being added to the garages of people and so whether it is a brand-new car or a fairly used one, servicing the vehicle is inevitable.

As long as people use their cars and trucks regularly, there will always be reasons for them to services the vehicle and change the oil if indeed they want these vehicles to continue to ply the roads. This is because you can never rule out wear and tear when a machine is in use.

Routine servicing and oil change are part and parcel of the routine of a car owner must abide to. For whatever reasons; mobile oil change service business will always translate to money for the owner of the business.

In some climes, you would be required to own a license to start any auto related business; if it applies to you, be sure to get all the trainings and documentation needed. If indeed you want to operate a corporate mobile oil change and servicing business, you must go all the way to get it registered with the corporate affairs department of your state or country.

Although you can operate an unregistered mobile oil change business in some countries, operating a registered one is the best way to go because it would position you to do business with corporate entities.

if you are truly convinced that starting a mobile oil change business is the right business for you to do, then you need to write your own business plan. Below is a sample mobile oil change business plan template that will help you successfully write yours with little or no stress;

A Sample Mobile Oil Change Business Plan Template

1. Industry Overview

Businesses in the oil change services Industry primarily change motor oil, lubricate the chassis of automotive vehicles and provide other automotive repair and maintenance services, such as tire rotations and liquid flushes.

Unlike auto mechanics, oil change services businesses do not provide mechanical and electrical repair and maintenance services. Industry establishment are also not involved in body, paint, interior and glass repair works.

Even though disposable income dropped during the economic downturn, causing consumers to delay vehicle maintenance, the recession also created pent-up demand because vehicle maintenance cannot be delayed forever. hence, industry revenue is expected to grow in 2016, as consumers inevitably seek out industry operators for necessary servicing and maintenance jobs.

The oil change services industry is projected to experience remarkable growth in the coming years, notwithstanding at a slower rate.

Disposable income is set to rise and, in turn, consumers will visit industry providers at regular intervals. Nevertheless, external competition will remain a concern for the industry, as well established services providers continue pressuring industry operators on price.

The Oil Change Services Industry is indeed a large industry and pretty much active in countries such as United States of America, United Kingdom, France, Italy, Holland, Nigeria, Switzerland, Australia and Canada et al.

Statistics has it that in the united states of America alone, there are about 34,040 registered and licensed oil change services company (mobile oil change businesses inclusive) scattered all across the United States responsible for employing about 91,543and the industry rakes in a whooping sum of $7 billion annually.

The industry is projected to grow at 0.2 percent annual growth within 2011 and 2016. It is important to state that there are no establishment in this industry that has a lion market share.

A recent report published by IBISWorld shows that the Oil Change Services industry is labor intensive and minimal capital expenditure is required to operate. The report stated that the industry is experiencing an increasing level of automation in the form of point-of-sale systems and inventory management software that automate administration functions.

Nonetheless, industry operators rely on labor to perform vehicle maintenance services. The report further stated that in 2016, wages are expected to account for 28.8 percent of industry revenue and the industry will spend an estimated $0.11 on capital for every dollar spent on labor.

Over and above, the oil change services industry is very open to any aspiring entrepreneur who have acquired the required trainings, skills and perhaps professional certifications to start his or her own oil change business and of course make good money from the industry.

2. Executive Summary

Dennis Coppersmiths® Auto Services Company is a U.S based and licensed auto oil change and servicing company that takes great delight in going to any location as requested by clients to change their vehicle oil and services their vehicles. We have been able to secure a standard and well – positioned garage facility in a central and busy district in Dover – Delaware.

We are an auto oil change services company that is set to compete in the highly competitive and fragmented auto oil change services industry not only in Dover – Delaware, but also throughout the United States market because we intend opening our outlets in key cities across the United States.

Dennis Coppersmiths® Auto Services Company will offers services such as providing automotive oil change and lubrication services, providing automotive emissions testing services, providing automotive rust proofing and undercoating services, providing automotive safety inspection services, providing automotive tire repair services (except retreading), providing diagnostic testing without repair services, providing emissions testing with repair services, spray-on bed liner installation for trucks, change cabin air filters and transmission flush services et al.

Our business goal is to become one of the leading mobile auto oil change services companies in the United States and we will make sure that we do all we can to compete favorably with leaders in the industry.

Our workers are going to be selected from a pool of certified and highly experienced auto mechanics and technicians in and around Dover – Delaware and also from any part of the United States of America as the business grows.

We will make sure that we take all the members of our workforce through the required trainings that will position them to meet the expectation of the company and to compete with leading auto oil change services centers in the United States and throughout the globe.

At Dennis Coppersmiths® Auto Services Company, our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.

We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for all our partners, employees and for our clients.

Dennis Coppersmiths® Auto Services Company is private registered business that is owned and managed by Engr. Dennis Coppersmiths an auto mechanical engineer per excellence who graduated with from Illinois Institute of Technology (B.Engr.) and his immediate family members.

Dennis Coppersmiths has the required experience to position Dennis Coppersmiths® Auto Services Company to become a leading brand in the oil change services industry in Dover – Delaware.

3. Our Products and Services

Dennis Coppersmiths® Auto Services Company is established with the aim of maximizing profits in the oil change services industry and we are set to do all that is permitted by the law in the United States to achieve our aim and ambition.

We want to compete favorably with the leading oil change services companies in the United States which is why we have but in place a competent quality assurance team that will ensure that every oil change, services and maintenance job carried out or related services rendered meet and even surpass our customers’ expectations.

We will work hard to ensure that Dennis Coppersmiths® Auto Services Company is not just accepted in Dover – Delaware but also in other cities in the United States of America where we intend opening our garages. Our services offerings are listed below;

Providing automotive oil change and lubrication services
Providing automotive emissions testing services
Providing automotive rust proofing and undercoating services
Providing automotive safety inspection services
Providing automotive tire repair services (except retreading)
Providing diagnostic testing without repair services
Providing emissions testing with repair services
Spray-on bed liner installation for trucks
Change cabin air filters and transmission flush services
Other related services and maintenance services

4. Our Mission and Vision Statement

Our vision is to establish a standard and world class mobile auto oil change services company whose services and brand will not only be accepted in Dover – Delaware but also in other cities in the United States of America.
Our mission is to provide professional auto oil change, maintenance services and related services that will assist businesses, individuals, households and non-profit organizations who owns automobiles in ensuring that their automobiles are always in good shape. We want to build a mobile oil change services company that can favorably compete with other leading brands in the oil change services industry.

Our Business Structure

Dennis Coppersmiths® Auto Services Company is a mobile auto oil change services company that intend starting small in Dover – Delaware, but hope to grow big in order to compete favorably with leading oil change services companies and automobile servicing centers in the industry both in the United States and on a global stage.

We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. This is why we are committed to only hire the best hands within our area of operations.

At Dennis Coppersmiths® Auto Services Company, we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

Chief Executive Officer
Auto Servicing and Maintenance Supervisor
Human Resources and Admin Manager
Sales and Marketing Executive
Accountant
Automobile Oil Change Services and Maintenance Technicians (8)
Client Service Executive

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
Responsible for fixing prices and signing business deals
Responsible for providing direction for the business
Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
Responsible for signing checks and documents on behalf of the company
Evaluates the success of the organization.

Auto Servicing and Maintenance Supervisor:

Serve as project manager of the organization; works directly with employees
Develops strategic plan by studying new automobile technological, and financial opportunities; presenting assumptions; recommending objectives.
Accomplishes subsidiary objectives by establishing plans, budgets, and results measurements; allocating resources; reviewing progress; making mid-course corrections.
Coordinates efforts by establishing procurement, production, marketing, field, and technical services policies and practices; coordinating actions with corporate staff.
Builds company image by collaborating with customers, government, community organizations, and employees; enforcing ethical business practices.
Maintains quality service by establishing and enforcing organization standards.
Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; participating in professional societies.
Make certain that the auto oil change services and maintenance department perform efficiently, coordinate employee efforts, and facilitate communications between management and technicians
Ensures that the organization work in line with international best practices.

Human Resources and Admin Manager

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.
Updates 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.
Defines job positions for recruitment and managing interviewing process
Carries out staff induction for new team members
Responsible for training, evaluation and assessment of employees
Responsible for arranging travel, meetings and appointments
Oversees the smooth running of the daily office activities.

Sales and Marketing Manager

Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
Models demographic information and analyze the volumes of transactional data generated by customer
Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
Writing winning proposal documents, negotiate fees and rates in line with organizations’ policy
Responsible for handling business research, market surveys and feasibility studies for clients
Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
Develop, execute and evaluate new plans for expanding increase sales
Create new markets cum businesses for the organization
Empower and motivates the sales team to meet and surpass agreed targets

Accountant / Cashier:

Responsible 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.
Performs cash management, general ledger accounting, and financial reporting.
Responsible for developing and managing financial systems and policies
Responsible for administering payrolls
Ensures compliance with taxation legislation
Handles all financial transactions for the organization
Serves as internal auditor for the organization.

Auto Oil Change Servicing and Maintenance Technicians (8)

Provides automotive oil change and lubrication services
Provides automotive emissions testing services
Provides automotive rust proofing and undercoating services
Provides automotive safety inspection services
Provides automotive tire repair services (except retreading)
Provides diagnostic testing without repair services
Provides emissions testing with repair services
Sprays-on bed liner installation for trucks
Changes cabin air filters and transmission flush services
Handles any other services and maintenance services

Client Service Executive

Welcomes clients and potential clients by greeting them in person or on the telephone; answering or directing inquiries.
Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
Manages administrative duties assigned by the supervisor in an effective and timely manner
Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries
Receives parcels / documents for the company
Distribute mails in the organization
Handles any other duties as assigned by the line manager

6. SWOT Analysis

We are quite aware that there are several auto oil change services companies both large and small in the Dover – Delaware which is why we are following the due process of establishing a business so as to compete favorable with them.

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.

Dennis Coppersmiths® Auto Services Company employed the services of an expert HR and Business Analyst with bias in start – up business to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives.

Here is a summary from the result of the SWOT analysis that was conducted on behalf of Dennis Coppersmiths® Auto Services Company;

Strength:

Our core strength lies in the power of our team; our workforce. We have a team of certified and highly trained and experience automobile maintenance services technicians, a team with excellent qualifications and experience in various niche areas in the oil change services industry.

Aside from the synergy that exist in our carefully selected workforce, our services will be guided by best practices in the industry. So also, our business model – mobile oil change services position us to leverage on all the opportunities that are available to businesses like ours.

Weakness:

As a new auto oil change services company in Dover – Delaware, it might take some time for us to break into the market and gain acceptance especially from top profile clients in the already saturated and highly competitive auto oil change services industry; that is perhaps our major weakness. Another weakness is that we may not have the required cash to pump into promoting our business the way we would want to.

Opportunities:

No doubt, the opportunities in the auto oil change services industry is massive considering the number of individuals and corporate organizations who owns automobile in the United States. As a mobile oil change services company, we are ready to take advantage of any opportunity that is available in the industry.

Threat:

Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of a new oil change services company or even auto repair and maintenance garage in same location where our target market exists and who may want to adopt same business model like us.

7. MARKET ANALYSIS

Market Trends

One good thing about the auto oil change services industry is that, it is an open industry hence a low level of market share concentration. Even though large automobile companies operate in the industry, revenue is also spread among thousands of small auto servicing centers and even mobile auto oil change services businesses like ours.

As a matter of fact, no single auto oil change services company can account for more than 5.0 percent of the total revenue generated in the industry. This is the reason why smaller auto oil change service companies accounts for a large percent of the players in the auto oil change services industry.

It is a known trend in developed world and even developing world to find steady growth in the auto oil change services industry, as a matter of fact, the industry has grown steadily over the last five years in the United States of America and it is projected to continue to enjoy steady growth.

Individuals and businesses have increased demand for auto oil change services, as rising per capita disposable income and corporate profit encourages consumers to opt for regular auto oil change and maintenance services over do-it-yourself repair. Going forward, disposable income levels are expected to continue to grow, encouraging some consumers to spend more on the maintenance and repair of their automobiles.

Lastly, it is now becoming trendy to find automobile engineers and technicians who do not have the required finance to rent a shop opt for mobile auto oil change services business; they are known to move around to source for clients who prefer their auto oil change services to be carried out in their preferred location as against visiting an auto oil change services center.

8. Our Target Market

Before starting our mobile auto oil change services company in Dover Delaware, we conducted a market survey and feasibility studies and we are certain that there is a wide range of both corporate and individual clients who would need the services of mobile auto oil change services companies especially haulage companies and transport companies who don’t have their own in – house services and maintenance team.

In view of that, we have created strategies that will enable us reach out to various corporate organizations and households who we know can’t afford to do without our services. Below is a list of the people and organizations that we have specifically market our products and services to;

Banks, Insurance Companies and other related Financial Institutions with fleet of cars
Blue Chips Companies with fleet of cars
Corporate Organizations with fleet of cars
Manufacturers and Distributors with fleet of trucks
Transport Companies
Haulage Companies
Individuals and households
School with transportation system for students

Our competitive advantage

Surviving in the business world as a mobile auto oil change services company requires more than, your expertise, knowing how to deliver standard oil change services and maintenance jobs but also how to network with key people that matters; decision makers that can decide who will get an auto servicing and maintenance contract.

Without a shadow of doubt, there are loads of big time investors (Automobile manufacturing companies), that have a stake in the auto oil change services industry; but one thing is certain, there is room big enough to accommodate both the big auto, servicing and maintenance companies and the small ones as well.

What smaller mobile auto oil change services companies need to do to survive in the industry is to concentrate on providing automobile maintenance and servicing to households, individuals, haulage companies, small transport companies, schools, hospitals and hotels et al before bidding for big auto servicing and maintenance contracts from large corporations (franchise from automobile manufacturing companies to run their service centers) and government agencies (Public Works Department et al).

We are quite aware that to be highly competitive in the automobile oil change services industry means that you are not only expected to be able to deliver consistent and highly reliable auto servicing and maintenance jobs, but you must be able to meet set targets. No one would want to continue to hire your services if don’t always meet up with the target date of completion of projects.

Our competitive advantage lies in the power of our team; our workforce. We have a team of certified and highly trained and experience automobile maintenance technicians, a team with excellent qualifications and experience in various niche areas in the automobile maintenance and repair service industry. Aside from the synergy that exist in our carefully selected workforce, our services will be guided by international best practices in the industry.

Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category (startups mobile auto oil change services businesses in the United States) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

9. SALES AND MARKETING STRATEGY

Sources of Income

Dennis Coppersmiths® Auto Services Company is established with the aim of maximizing profits in the auto oil change services industry and we are going to go all the way to ensure that we do all it takes to meet and surpass the expectations of all our clients.

Dennis Coppersmiths® Auto Services Company will generate income by offering the following auto maintenance and servicing related services;

Providing automotive oil change and lubrication services
Providing automotive emissions testing services
Providing automotive rust proofing and undercoating services
Providing automotive safety inspection services
Providing automotive tire repair services (except retreading)
Providing diagnostic testing without repair services
Providing emissions testing with repair services
Spray-on bed liner installation for trucks
Change cabin air filters and transmission flush services
Other related services and maintenance services

10. Sales Forecast

One thing is certain, there would always be haulage companies, transportation companies, corporate organization, government agencies, households and individual who would appreciate for the oil of their car to be changed and their vehicles serviced at any location of their choice.

We are well positioned to take on the available market in the automobile oil change services industry and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow our mobile auto oil change services company to enviable heights.

We have been able to critically examine the mobile auto oil change services market space 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 the United States of America.

Below are the sales projections for Dennis Coppersmiths® Auto Services Company. It is based on the location of our business and of course the wide range of auto servicing and maintenance services we offer and target market;

First Year-: $250,000
Second Year-: $750,000
Third Year-: $1,000,000

N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same auto maintenance, servicing and repair services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

Marketing Strategy and Sales Strategy

We are mindful of the fact that there are stiffer competitions in the automobile oil change services industry, hence we have been able to hire some of the best marketing experts to handle our sales and marketing.

Our sales and marketing team will be recruited based on their vast experience in the automobile oil change services industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall business goal of Dennis Coppersmiths® Auto Services Company.

Our corporate goal is to grow Dennis Coppersmiths® Auto Services Company to become one of the top 10 mobile auto oil change services brands in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in Dover – Delaware but also in other cities in the United States of America where we intend opening our garages.

Dennis Coppersmiths® Auto Services Company is set to make use of the following marketing and sales strategies to attract clients;

Introduce our mobile auto oil change services company by sending introductory letters alongside our brochure to transport companies, haulage companies, individuals who own automobiles, households, corporate organizations, religious organizations and key stake holders.
Promptness in bidding for auto servicing and maintenance contract from the government, haulage companies, transport companies and other cooperate organizations
Advertise our business in relevant business automobile magazines, newspapers, TV stations, and radio station.
List our business on yellow pages ads (local directories)
Attend relevant international and local expos, seminars, and business fairs et al
Create different packages for different category of clients in order to work with their budgets and still deliver excellent services
Leverage on the internet to promote our business
Engage direct marketing approach
Encourage word of mouth marketing from loyal and satisfied clients
Join local chambers of commerce and industry to network and market our services

11. Publicity and Advertising Strategy

We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to become the number one choice for both corporate clients and individual clients in the whole of Dover – Delaware and other cities in the United States of America where we intend marketing our services which is why we have made provisions for effective publicity and advertisement of our mobile auto oil change services company.

Below are the platforms we intend to leverage on to promote and advertise Dennis Coppersmiths® Auto Services Company;

Place adverts on both print (newspapers and magazines) and electronic media platforms
Sponsor relevant community based events / programs
Leverage on the internet and social media platforms like; Instagram, Facebook, Twitter, YouTube, Google + et al to promote our services
Install our Bill Boards on strategic locations all around Dover – Delaware
Engage in road show from time to time in targeted neighborhoods
Distribute our fliers and handbills in target areas
Contact corporate organizations by calling them up and informing them of Dennis Coppersmiths® Auto Services Company and the services we offer
List our mobile auto oil change services business in local directories / yellow pages
Advertise our mobile auto oil change services business in our official website and employ strategies that will help us pull traffic to the site.
Ensure that all our staff members wear our branded shirts and all our vehicles are well branded with our company logo et al.

12. Our Pricing Strategy

At Dennis Coppersmiths® Auto Services Company we will keep the prices of our services below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance from corporate organizations that would steadily bring in their fleet of automobiles for routine oil change, servicing, and maintenance.

In addition, we will also offer special discounted rates to all our customers at regular intervals. We are aware that there are some one – off jobs or government contracts which are always lucrative, we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts.

Payment Options

The payment policy adopted by Dennis Coppersmiths® Auto Services Company 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.

Here are the payment options that Dennis Coppersmiths® Auto Services Company will make available to her clients;

Payment via bank transfer
Payment with cash
Payment via credit cards / Point of Sale Machines (POS Machines)
Payment via online bank transfer
Payment via check
Payment via mobile money transfer
Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for our services without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our services.

13. Startup Expenditure (Budget)

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business.

The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting a mobile automobile oil change services company; it might differ in other countries due to the value of their money.

However, this is what it would cost us to set up Dennis Coppersmiths® Auto Services Company in the United of America;

Business incorporating fees in the United States of America will cost – $750.
The budget for liability insurance, permits and license will cost – $3,500
The amount required to secure a small office facility (renovation of the facility inclusive) – $70,000
The amount need for the purchase of trucks for transporting workers and tools to locations – $30,000
The amount required to purchase the needed tool box and repair equipment – $25,000
Equipping the office (computers, printers, projectors, markers, servers / internet facility, furniture, telephones, filing cabinets, and electronics) will cost – $10,000
Amount required to purchase the needed software applications to run our business – $3,500
Launching an official Website will cost – $500
Amount need to pay bills and staff members for at least 2 to 3 months – $70,000
Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost – $5,000

Going by the report from the market research and feasibility studies conducted, we will need about two hundred and fifty thousand (250,000) U.S. dollars to successfully set – up a medium scale but standard mobile auto oil change services company with more than a handful of employees in the United States of America.

Generating Funds / Startup Capital for Dennis Coppersmiths® Auto Services Company

Dennis Coppersmiths® Auto Services Company is a business that will be owned and managed by Engr. Dennis Coppersmiths and his twin brother and his immediate family members. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.

These are the areas we intend generating our start – up capital;

Generate part of the start – up capital from personal savings and sale of his stocks
Generate part of the start – up capital from friends and other extended family members
Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $100,000 (Personal savings $70,000 and soft loan from family members $30,000) and we are at the final stages of obtaining a loan facility of $150,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have, the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Dennis Coppersmiths® Auto Services Company is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer our mobile oil change and maintenance services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Dennis Coppersmiths® Auto Services Company will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. 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.

Check List / Milestone

Business Name Availability Check: Completed
Business Incorporation: Completed
Opening of Corporate Bank Accounts various banks in the United States: Completed
Opening Online Payment Platforms: Completed
Application and Obtaining Tax Payer’s ID: In Progress
Securing a small office / store facility for our tools: Completed
Application for business license and permit: Completed
Purchase of All form of Insurance for the Business: Completed
Conducting Feasibility Studies: Completed
Generating part of the start – up capital from the founders: Completed
Writing of Business Plan: Completed
Drafting of Employee’s Handbook: Completed
Drafting of Contract Documents: In Progress
Design of Logo for the business: Completed
Purchase of repair and servicing tools and equipment: Completed
Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
Recruitment of employees: In Progress
Purchase of tool box and trucks: In Progress
Purchase of the needed furniture, office equipment, software applications, electronic appliances and facility facelift: In progress
Creating Official Website for the business: In Progress
Creating Awareness for the business: In Progress
Health and Safety and Fire Safety Arrangement: In Progress
Establishing business relationship with vendors and key players in various industries: In Progress