Transportation, Distribution, and Logistics Statutory Authority: This course is recommended for students in Grades Students shall be awarded one credit for successful completion of this course.
Strategic Analysis with current research! The Tires and Rims Store, Inc. The Company was founded in by John Doe. Management has already begun to source a number of well known tire manufacturers and tire rim wholesalers that will provide the business with its initial inventories.
The Company will also have the ability to provide customers with customized rims developed by third party manufacturers. The Tires and Rims Store will generate secondary streams of revenue from the sale of installation services related to the products mentioned above.
The Tires and Rims location will have two to three vehicle bays from which tires and rims can be installed on customer vehicles. The third section of the business plan will further describe the services offered by the Tires and Rims Store.
The interest rate and loan agreement are to be further discussed during negotiation. Doe has more than 10 years of experience in the automotive industry.
Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations. Doe expects a strong rate of growth at the start of operations.
Below are the expected financials over the next three years. Doe intends to implement marketing campaigns that will effectively target individuals within the target market. The Company is registered as a corporation in the State of New York.
Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time.
Doe may seek to sell the business to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Tires and Rims Store. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings.
The Company intends to heavily market its ability to source rims from a multitude of manufacturers and wholesalers so that customers can add customized features to their vehicles.
Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period.
However, the Company may initially have some issues with top line income generation as tires and rims are a luxury expense, and during times of economic duress like the current economic situation discretionary purchases may be eliminated from potential customer budgets. The industry is highly fragmented: The profitability of individual companies depends on primarily on volume, because many costs are fixed.
The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages.
Below is an overview of the marketing strategies and objectives of the Tires and Rims Store. Doe intends on using a number of marketing strategies that will allow the Tires and Rims Store to easily target its demographics within the target market.
These strategies include traditional print advertisements and ads placed on search engines on the Internet. Below is a description of how the business intends to market its services to the general public.
The Tires and Rims Store will also use an internet based strategy. Doe will register the Tires and Rims store with online portals so that potential customers can easily reach the business.
The Company will maintain a sizable amount of print and traditional advertising methods within local markets to promote the tires, rims, and installation services that the Company is selling.
You should provide as much information as possible about your pricing as possible in this section. However, if you have hundreds of items, condense your product list categorically.Study and business plan for opening tyre store.
Before starting the business you need to have sufficient knowledge about tyres. Tyres come in different shapes, sizes and prices for different types of vehicles. Tire Retailer Business Plan Template – Download Now.
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Confidentiality Agreement The undersigned reader acknowledges that the information provided by Now Tire Service SPP. in this business plan is confidential; therefore, reader agrees not to disclose it without the express written permission of Now Tire.
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