Business Plan model for TKs Mobile Auto & Brake Services
1. Industry Overview
The Auto Mechanics industry (mobile mechanic repair services inclusive) is amongst the highly thriving and profitable easy to setup auto services related business idea an entrepreneur who is a trained mechanic can successfully start.
All over the world, car repair 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, you can be sure that sometime in the future car repair would become inevitable.
The Auto Mechanics industry of which mobile auto mechanic repair services is a part of provides mechanical and electrical repair and maintenance work for cars, trucks, and vans. Players in this industry include self-employed mechanics, auto repair shops, garages and car care centers established by automobile manufacturing companies.
It is important to state that the auto repair industry does not include car dealerships, auto parts retailers or gas stations that provide industry services. So also, the industry services do not include auto bodywork, car washes, oil changes or air conditioning repair
The mobile auto mechanic repair business is an open line of business 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 garages and even mobile auto repair businesses.
As a matter of fact, no single auto repair shop or auto company can account for more than 5.0 percent of the total revenue generated in the industry. This is the reason why smaller auto repair shops come mobile auto mechanic services accounts for a large percent of the players in the auto repair services industry.
The Auto Mechanics industry of which mobile auto mechanic repair services is a part of is indeed a large industry and pretty much active all over the world today in 2021.
2. Statistics in the Automotive Aftermarket Industry
The global automotive aftermarket industry is expected to reach $722.8 billion by 2020. Today’s consumers are keeping their vehicles longer and are more aware of the importance of preventive maintenance and scheduled servicing to maximize the lifetime value of their vehicles. This rising demand for aftermarket parts and services is spurring new growth and revenue opportunities for a wide range of businesses operating in the automotive aftermarket industry.
The typical car on the road in the U.S. is a record-high 11.5 years old, according to a new IHS Automotive survey. However, while cars on the road may be aging, consumers are continuing to purchase new vehicles. In 2015, U.S. car sales hit a record high. Auto makers sold 17.5 million cars and light trucks, a 5.7% over the previous year.
Although Americans may be buying newer vehicles, don’t let these numbers fool you into thinking the aftermarket is stagnant or declining. Older vehicles are simply lasting longer. According to a 2015 article by USA Today, “The number of vehicles on the road that are at least 25 years old is about 14 million. That’s up from about 8 million in 2002. Those are vehicles made in 1990 or earlier. Meanwhile, the number of vehicles that are 16 to 24 years old is 44 million. That’s up from 26 million in 2002, according to IHS.”
3. Trends and Statistics:
The average age of the U.S. vehicle fleet has increased 17% in the last ten years.
The average length of vehicle ownership for new and used vehicles has increased 60% in the last ten years.
75% of aftermarket auto repair is performed by independent auto repair shops, while 25% of the business lives with dealerships.
There’s a trend toward large franchise auto repair businesses, which have smaller shops rolling up into them. That’s a good opportunity for profitable businesses on the service/seller-side.
The aftermarket world is going online, and the marketplace is changing. Parts are being sold online, service is being sold online.
Individuals and businesses have increased demand for auto repair services, as rising per capita disposable income and corporate profit encourages consumers to opt for auto repair 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 repairs on their vehicles.
Over and above, the mobile auto mechanic repair business is very open to any aspiring entrepreneur who has acquired the required trainings, skills and perhaps professional certifications to start his or her own business and of course make good money from the industry.
4. Executive Summary
TKs Mobile Auto & Brake Services, LLC is a U.S based and futured licensed mobile mechanic repair garage. We are ready to secure all the necessary permits to operate in Bakersfield, California – United States of America once investor's see that I Timothy Wood and Kindra Mills are willing to put the work and effort into this business. We would like to be more active all over the country but we're just starting out Bakersfield and the small towns maybe around it maybe just for business for now.
TKs Mobile Auto & Brake Services is a mobile mechanic repair services company that is ready to compete in the highly competitive and fragmented auto repair and maintenance services industry not only in Bakersfield, – California, but also throughout the United States market because we intend expanding our services across key cities in the United States of America.
TKs Mobile & Brake Services, LLC will offers mobile auto mechanic repair services such as repairing and replacing automotive parts, performing general automotive repairs, repairing trucks, repairing and replacing automotive exhaust systems, repairing and replacing mufflers, repairing automotive brakes, maintenance repairs and other service's upon approval.
Our business goal is to become one of the leading mobile auto mechanic services company in the United States and we will make sure that we do all we can to compete favorably with leaders in the industry.
I Timothy will be starting with some craftsman mechanic tools and equipment that can easily be moved from one point to another. Our workers will be selected from a pool of certified and highly experienced auto repair mechanics and technicians in and around Bakersfield – California 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 mobile mechanic repair companies, auto repair garages and services centers in the United States and throughout the globe.
At TKs Mobile Auto & Brake Services, LLC, our customer'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 customer'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 customer's. That all OLD will be worn around at anytime of service. We as a company make safety our number 1 thing as well as the customer's.
5. Our Products and Services
TKs Mobile Auto & Brake Services, LLC is established with the aim of maximizing profits in the mobile auto mechanic repair line of business. We want to compete favorably with the leading auto repair companies in the United States. I Timothy Wood and Kindra Mills will have but in place a competent quality assurance team that will ensure that every repairs, services and maintenance jobs carried out by us or related services rendered meet and even surpass our customers’ expectations.
We will work hard to ensure that TKs Mobile Auto & Brake Services, LLC is not just accepted in Bakersfield – California but also in other cities in the United States of America where we intend opening our mobile garages.
We are in the mobile mechanic repairs line of business to make profits and we will ensure that we do all that is permitted by the law in the United States of America to achieve our aims and ambitions of setting up the business Our products and services are listed below;
Performing general automotive repairs
Brake repair services
Scheduled and preventative repair and maintenance services
Repairing and replacing automotive exhaust systems
Repairing and replacing mufflers
N.B: Please note that all the services listed above will be carried out in any location (home or offices premises) as requested by our Customer's.
6. Our Mission and Vision Statement
Our vision is to establish a standard and world class one stop mobile auto mechanic services business whose services and brand will not only be accepted in Bakersfield – California but also in other cities in the United States of America.
Our mission is to provide professional mobile auto repair, maintenance services and other auto repair 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 auto mechanic business that can favorably compete with other leading brands in the automobile maintenance and repair services industry.
7. Our Business Structure
TKs Mobile Auto & Brake Services, LLC is a mobile auto mechanic repair and maintenance business that intend starting small in Bakersfield – California, but hope to grow big in order to compete favorably with leading mobile mechanic repair business, automobile repair garages 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 when up and running with a more larger upscale business.
N.B. For now it's my wife and I working as a team to get this company going first before bringing on employees, we do not have a office and work out of our home.
Chief Executive Officer
Human Resources and Admin Manager
Sales and Marketing Executive
Mobile Auto Mechanics
Client Service Executive
5. Job Roles and Responsibilities
Chief Executive Officer – CEO: Timothy Wood
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.
Creates, communicates and implements the organization’s vision, mission, and overall direction. Leading the development and implementation of the overall organization’s strategy.
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, 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 company.
Mechanic Supervisor: Timothy Wood
Serves 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 correction
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.
Makes certain that the mobile auto repair and maintenance department perform efficiently, coordinate employee efforts, and facilitate communications between management and computer repairs and maintenance engineers and technicians.I
Responsible for making sure that all maintenance engineers and technician have the correct PPE and understand the use of them and why they are needed.
Human Resources and Admin Manager: Timothy Wood and Kindra Mills
Responsible for overseeing the smooth running of HR and administrative tasks for the organization
Designs jobs performance evaluations for the company office workers
Regularly hold meetings for safety reviews the effectiveness of HR Policies, Procedures and Processes
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.
Defining 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
Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
Oversees the smooth running of the daily office activities.
Sales and Marketing Manager: Timothy Wood and Kindra Mills
Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
Model demographic information and analyze the volumes of transactional data generated by customers.
Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
Writes winning proposal documents, negotiate fees and rates in line with organizations’ policy
Responsible for handling business research, market surveys and feasibility studies for customer's
Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
Develop, execute and evaluate new plans for expanding increase sales
Empower and motivates the sales team to meet and surpass agreed targets
Accountant / Cashier CFO: Kindra Mills
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 for one or more properties.
Responsible for developing and managing financial systems and policies
Responsible for administering payrolls
Ensures compliance with taxation legislation
Handles all financial transactions for TKs Mobile Auto & Brake Services, LLC
Serves as internal auditor for TKs Mobile Auto & Brake Services, LLC.
Mobile Auto Mechanics
Performs general automotive repairs
Handles Brake repair services
Scheduled and preventative repair and maintenance services
Repairs and replacing automotive exhaust systems
Repairs and replacing mufflers
Handles other service's
Customer Service Executive
Welcome Customer 's and potential customer's by greeting them in person or on the telephone; answering or directing inquiries.
Ensures that all contacts with customer's (e-mail, walk-In center, SMS or phone) provides the customer's with a personalized customer service experience of the highest level
Through interaction with clients on the phone, uses every opportunity to build customer's interest in the company’s products and services
Manages administrative duties assigned by the creative director 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 customer's when they make enquiries
Receives parcels / documents for the organization
Distributes mails in the company
Handles any other duties as assigned the line manager
6. SWOT Analysis
TKs Mobile Auto & Brake Services, LLC engaged the services of a core professional in the futurearea of business consulting and structuring to assist our organization in building a well – structured mobile auto mechanic business that can favorably compete in the highly competitive auto maintenance and repair service industry in Bakersfield - California and all of United States.
What I Timothy Wood have done for the business was to work on conducting a comprehensive SWOT analysis for TKs Mobile Auto & Brake Services, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of TKs Mobile Auto & Brake Services, LLC;
Our core strength lies in the power of our future team; our workforce. We have a future team of certified and highly trained and experience automobile maintenance and repair mechanics, 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 future workforce, our services will be guided by the best practices in the industry and will be well equipped with the right tools to carry auto repair, services and maintenance jobs in any location within our perimeter of operations. They will have proper PPE while working around on customer's vehicle's.
As a new future mobile mechanic repair and maintenance business in Bakersfield – California, it might take some time for our mobile mechanic repair and maintenance business to break into the market and gain acceptance especially from top profile Customer's in the already saturated and highly competitive auto maintenance and repair 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 have intended to but are willing to put in the work to get the business up and going with the help of investors, banks, and possibly family.
No doubt, the opportunities in the auto maintenance and repair services industry is massive considering the number of individuals and corporate organizations who drive or own a vehicle in the United States and who would really appreciate home services. As a mobile mechanic repair and maintenance garage, TKs Mobile Auto & Brake Services are ready to take advantage of any opportunity that is available in the industry.
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 auto repair and maintenance garage in same location where our target market exist and who may want to adopt same Business model like TKs Mobile Auto & Brake Services. Also with the Covid-19 possibly getting worse may shut us down since we go to the customer's home, work, or place of business. The state going on shut down until Covid-19 gets back under controlled.
7. MARKET ANALYSIS
One good thing about the Auto Repair 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 garages and even mobile auto repair businesses.
As a matter of fact, no single auto repair shop or auto company can account for more than 5.0 percent of the total revenue generated in the industry. This is the reason why mobile mechanic businesses and smaller auto repair shops accounts for a large percent of the players in the auto repair services industry.
It is a known trend in developed world and even developing world to find steady growth in the Auto Repair Services Industry, as a matter of fact, the Auto Repair Services 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 mobile auto repair services, as rising per capital disposable income and corporate profit encourages consumers to opt for auto repair 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 mechanics, automobile mechanics and technicians who do not have the required finance to rent a shop opt for mobile auto repair garage business; they are known to move around especially on highways with their complete tool box looking for broken down cars, trucks and vans to fix and find the next new customer to their business.
8. Our Target Market
Before starting our mobile mechanic repair and maintenance garage in Bakersfield – California, I Timothy Wood and Kindra Mills conducted a small survey and feasibility studies and we are certain that there is a wide range of both corporate and individual customer's who would need the services of a mobile mechanic repair and also hauling, transporting companies as well
In view of that, I Timothy Wood and Kindra Mills 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 are specifically marketing our products and services to;
Banks, Insurance Companies and other related Financial Institutions
Manufacturers and Distributors
Individuals and households
School with transportation system for students
Our competitive advantage
Surviving in the business world as a mobile mechanic repair and maintenance company requires more than, your expertise, knowing how to deliver standard auto repairs and maintenance jobs but also how to network with key people that matters; decision makers that can decide who will get an auto repair and maintenance contract.
Without no reason of doubt, there are loads of big time investors (Automobile manufacturing companies), that have a stake in the automobile maintenance and repair services industry; but one thing is certain, there is room big enough to accommodate both the big automobile repair, servicing and maintenance garages and the small ones as well and even a mobile mechanic company.
What smaller mobile mechanic maintenance, servicing and repair garages need to do to survive in the industry is to concentrate on providing automobile repair, maintenance and servicing to households, individuals, schools, hospitals and whoever before bidding for big auto repair, servicing and maintenance contracts from large corporations (franchise from automobile manufacturing companies to run their service centers) and government agencies Public Works Departments.
I Timothy Wood are quite aware that to be highly competitive in the automobile maintenance, servicing and repair industry means that you are not only expected to be able to deliver consistent and highly reliable auto repair, 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.
Aside from the synergy that exist in our carefully selected workforce, our services will be guided by best practices in the industry and if we are well equipped with the right tools to carry auto repair, services and maintenance jobs in any location within our perimeter of operations.
10. Sales Forecast
One thing is certain, there would always be hauling companies, transporting companies, corporate organization, government agencies, households and individual who would need to hire the services of mobile auto mechanic repair services providers to fix their cars, vans, and trucks not in semi for the understanding of I didn't make that clear
If I Timothy Wood are well positioned to take on the available market in the mobile mechanic maintenance, servicing and repair services line of business and I'm quite optimistic that we will meet our set target of generating enough income / profits within the first six month of operations and grow our company to enviable heights.
I Timothy Wood have been able to critically examine the mobile auto maintenance, servicing and repair market and I have analyzed our chances in the industry and I 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 Bakersfield – California.
Below are a sales projection for TKs Mobile Auto & Brake Services, LLC. It is based on the location of our business and of course the wide range of mobile auto repair, servicing and maintenance services and target market;
First and Second Fiscal Year-: $150,000
Third and Fourth Fiscal Year-: $275,000
Fifth and Sixth Fiscal Year-: $ 450,000
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. Especially with the Covid-19 Crisis going on in the world today.
Marketing Strategy and Sales strategy
I Timothy Wood is mindful of the fact that there is stiffer competition in the automobile maintenance, servicing and repair industry; hence we have been looking to hire some of the best marketing experts to handle our sales and marketing.
The future sales and marketing team will be recruited based on their vast experience in the automobile maintenance, servicing and repair 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 TKs Mobile Auto & Brake Services, LLC.
Our corporate goal is to grow TKs Mobile Auto & Brake Services, LLC to become one of the top 10 mobile mechanic maintenance, servicing and repair garage 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 Bakersfield– California, but also in other cities in the United States of America where we intend marketing our services.
TKs Mobile Auto & Brake Services, LLC is set to make use of the following marketing and sales strategies to attract customer 's
Introduce our mobile mechanic maintenance, servicing and repair garage by sending introductory letters alongside our brochure to transporting companies, hauling companies, individuals who own vehicles, households, corporate organizations, religious organizations and any others that may have been forgotten.
Promptness in bidding for auto repair, 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)
Create different packages for different category of customer's 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 customer's
Join local chambers of commerce and industries with the aim of networking and marketing our business
11. Publicity and Advertising Strategy
We will 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 customer's in the whole of Bakersfield– California and other cities in the United States of America where we intend opening marketing our services which is why we have made provisions for effective publicity and advertisement of our company.
Below are the platforms we intend to leverage on to promote and advertise TKs Mobile Auto & Brake Services,LLC.
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, and Yelp promote our services
Install our Bill Boards on strategic locations all around Bakersfield– California
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 TKs Mobile Auto & Brake Services, LLC and the services we offer
Will list our auto repair, servicing and maintenance business in local directories / yellow pages
Will advertise our mobile mechanic repair, servicing and maintenance 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.
12. Our Pricing Strategy
At TKs Mobile Auto & Brake Services, LLC 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 who would steadily hire our services for routine servicing, maintenance and repairs. 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.
The payment policy adopted by TKs Mobile Auto & Brake Services, LLC 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 TKs Mobile Auto & Brake Services, LLC 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 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 all our services without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to customer's 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 mechanic repair and maintenance garage; it might differ in other countries due to the value of their money. However, this is what it would cost us to set up TKs Mobile Auto & Brake Services, LLC 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 purchase the needed trucks, mobile tool box and repair equipment – $20,000
The amount required to purchase the needed software applications to run our business – $3,500
Launching an official Website will cost – $500
The amount need to pay bills and staff members for at least 2 to 3 months – $50,000
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 one hundred and fifty thousand (150,000) U.S. dollars to successfully set – up a medium scale but standard mobile mechanic repair, maintenance and servicing garage in the United States of America. Please note that the salary of workers for one month is part of the budget.If given the opportunity to hire great workers. The total above is $83,250 that's why I Timothy Wood asked for such a large amount to find the business.
Generating Funds / StartUp Funds Needed for TKs Mobile Auto & Brake Services, LLC
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 future 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 TKs Mobile Auto & Brake Services, LLC 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 auto maintenance, servicing and repair 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.
TKs Mobile Auto & Brake Services, LLC 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 will be to designed to drive our business to greater heights and training and re – training of the future workforce is at the top burner.
If in matter of fact, profit-sharing arrangement will be made available to this future business management staff and it will be based on their performance for a period of three years or more. I Timothy Wood will 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 .
Business Name Availability Check: Completed
Opening Bank Account in the United States: In Progress
Opening Online Payment Platforms: In Progress
On the Go Payment Platform: Completed
Application and Obtaining Tax Payer’s ID: Completed
Application for business license and permit: In Progress
Purchase of All form of Insurance for the Business: In Progress
Writing of Business Plan: Completed
Drafting of Contract Documents: In Progress
Design of Logo for the business: In Progress
Purchase of repair and servicing tools and equipment: Waiting
Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Waiting
Purchase of the needed tool box, truck, furniture, office equipment, software applications, electronic appliances : 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: Will Begin when up and going.
Founder /Timothy R. Wood