Auto Repair Shop Business Plan

3429 Words14 Pages
Auto Repair Shop Business Plan F and R Auto Repair Executive Summary F & R Auto (F & R) is the desire of John Ford and Michael Ronald who together have 30 years experience as auto mechanics. Both have a dream of starting up their own company and offering better service to their clients than competitors. 1.1 Objectives The objectives over the next three years for F & R Auto Repair are the following: • Sales revenues increase steadily through year three. • Institute a program of superior customer service through rigorous evaluation of service experience. • Hire three more mechanics. [pic] 1.2 Keys to Success In the auto repair industry a company builds its client base one customer at a time and mostly through word of mouth…show more content…
Additional Cash Raised |$0 | |Cash Balance on Starting Date |$2,900 | |Total Assets |$22,900 | | | | | | | |Liabilities and Capital | | | | | |Liabilities | | |Current Borrowing |$0 | |Long-term Liabilities |$20,000 | |Accounts Payable (Outstanding Bills) |$0 | |Other Current Liabilities (interest-free) |$0 | |Total Liabilities |$20,000 | | | | |Capital | | | | | |Planned Investment | | |John Ford |$6,000 | |Michael Ronald |$6,000 | |Other |$0 | |Additional Investment Requirement |$0 | |Total Planned Investment |$12,000 | | | | |Loss at Start-up (Start-up Expenses) |($9,100) | |Total
Get Access