How To Open An Auto Parts Store

Table of contents:

How To Open An Auto Parts Store
How To Open An Auto Parts Store

Video: How To Open An Auto Parts Store

Video: How To Open An Auto Parts Store
Video: How to open a auto parts account for your business 4/18/2021 2024, July
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Every car needs repair from time to time, and then you cannot do without spare parts and consumables. Since the number of cars is growing every year, the demand for spare parts is also increasing. Therefore, opening your own spare parts store nowadays seems to be a reasonable thing, and given the relatively low costs at the start, it is also quite affordable.

How to open an auto parts store
How to open an auto parts store

It is necessary

Purposefulness, desire to succeed in your own business, perseverance, enterprise

Instructions

Step 1

Decide on the room. You can find out about free space and the possibility of buying or renting at the local administration. The location should be selected based on the actual size of your start-up capital and the expected range of spare parts and consumables. It is better if the place you have looked after is located near a car wash, a service station, a garage complex.

Step 2

Make a business plan. Its main goal is to attract investments or borrowed funds through loans. This document is also necessary in order to coordinate a permit for carrying out entrepreneurial activities with state bodies. A business plan must certainly contain such sections as marketing research, the cost part, a feasibility study (feasibility study), economic efficiency, payback calculation (this point is especially important for lenders and investors), etc.

Step 3

Take care of the legal aspects. The local administration and the tax office will give you a list of the necessary documents to be drawn up and collected. All documentation must be approved and certified by officials.

Step 4

With all the documents and a business plan, go to the bank, or to an investment fund or a leasing company (you make the choice in favor of one or another source of financing). Think in advance about collateral, since it is almost impossible to get funds for a business without collateral (especially if it is a startup).

Step 5

Think over the design and interior of the store. Make indoor repairs if necessary. Take up the purchase of furniture and commercial and technological equipment - showcases, shelving, racks, surveillance cameras, alarms, etc.

Step 6

Start ordering and purchasing goods, having thought in advance such aspects as the volume and frequency of deliveries, mode of transport and insurance, warehousing, etc.

Step 7

Take care of staff recruitment. Number, working hours of employees, dress code, etc. you have to think ahead.

Step 8

Start displaying goods in the store in accordance with the merchandising rules. Take care of advertising (outdoor, in the media, etc.).

Step 9

Set a date for the grand opening of the store. Do not forget about presentations and discounts to the first buyers on this day.

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