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Free VC Directory

With any B-Plan Purchase
425 Page Capital Directory
Through July 31


Business Plan Writer
$425 Flat Rate
No Templates Used
7 Day Turnaround

All Purchased Plans
Are Updated for 2017

Read Our Reviews
All Plans Available on Amazon

Free Car Parts Store Business Plan
For Raising Capital from Investors, Banks, or Grant Companies!

Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below. This free business plan demonstration purposes only. If you are interested in purchasing the completed editable MS Word and Excel documents for this business plan, please click the button below! Also, the text of the business plan is formatted with a fully automated table of contents.



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It should be noted that there is no special software required to use these templates. All business plans come in Microsoft Word and Microsoft Excel format. Each business plan features:

  • Excecutive Summary
  • Company and Financing Summary
  • Products and Services Overview
  • Strategic Analysis with current research!
  • Marketing Plan
  • Personnel Plan
  • 3 Year Advanced Financial Plan
  • Expanded Financial Plan with Monthly Financials
  • FREE 30 Page Sample Private Placement Memorandum
  • FREE PowerPoint Presentation for Banks, Investors, or Grant Companies!

1.0 Executive Summary

The purpose of this business plan is to raise $100,000 for the development of a car parts and minor automotive repair store while showcasing the expected financials and operations over the next three years. Car Parts Store, Inc. (“the Company”) is a New York based corporation that will provide automotive part sales in its targeted market. The Company was founded by John Doe.

1.1 Products and Services

Car Parts Store, Inc. will be actively engaged in the sale of car parts (both standard and performance pieces) to the general public. Mr. Doe is now sourcing a number of suppliers and manufacturers that will provide the business with its inventories from the onset of operations. The business will also maintain a one-bay automotive repair area so that customers that need assistance with the installation of car parts can come to the store for these services. This will be an important secondary revenue center for the business. The third section of the business plan will further describe the products offered by the Car Parts Store.

1.2 The Financing

Mr. Doe is seeking to raise $100,000 from as a bank loan. The interest rate and loan agreement are to be further discussed during negotiation. This business plan assumes that the business will receive a 10 year loan with a 9% fixed interest rate.

1.3 Mission Statement

Car Parts Store’s mission is to become the recognized leader in its targeted market for having an expansive inventory of automotive parts.

1.4 Mangement Team

The Company was founded by John Doe. Mr. Doe has more than 10 years of experience in the retail automotive industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.

1.5 Sales Forecasts

Mr. Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.

1.6 Expansion Plan

As time progresses, Management will continually increase the scope of the business by developing additional services and sourcing new products that will increase the profitability of the business. This includes greater development of after-market tuning and performance enhancing products which generate a larger margin that standard automotive products.

2.0 Company and Financing Summary

2.1 Registered Name and Corporate Structure

Car Parts Store, Inc. The Company is registered as a corporation in the State of New York.

2.2 Required Funds

At this time, the Car Parts Store requires $100,000 of debt funds. Below is a breakdown of how these funds will be used:

2.3 Investor Equity

Mr. Doe is not seeking an investment from a third party at this time.

2.4 Management Equity

John Doe owns 100% of the Car Parts Store, Inc.

2.5 Exit Strategy

If the business is very successful, Mr. 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 Car Parts Store. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings.

3.0 Products and Services

Below is a description of the products and services offered by the Car Parts Store, Inc.

3.1 Sales of Automotive Components

The primary revenue center for the business will come from the sale of car parts. Mr. Doe intends to sell standard car parts as well as performance enhancing and aesthetically enhancing automotive products.

3.2 Minor Mechanical Services

As stated in the executive summary, the business will also maintain a very small one-bay mechanical area where a staff mechanic will assist customers with the installation of car parts. This aspect of the business’s operations will generate approximately 15% of the Company’s aggregate revenues.

4.0 Strategic and Market Analysis

4.1 Economic Outlook

This section of the analysis will detail the economic climate, the retail automotive industry, the customer profile, and the competition that the business will face as it progresses through its business operations. 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-2010, at which point the economy will begin a prolonged recovery period.

4.2 Industry Analysis

About 130,000 companies in the US are involved primarily in auto repair and sales of automotive parts, with combined annual revenue of $65 billion. Only ten companies have revenue over $100 million, including Midas, Monroe Muffler Brake, and Diamond Triumph Auto Glass. Some automotive retail sales are also provided by 45,000 gas stations; 24,000 new car dealerships; and branches of chain stores, like Sears, Wal-Mart, and Kmart. The industry is highly fragmented: 10,000 companies have annual revenue over $1 million, 150 have revenue over $10 million. The profitability of individual companies depends on volume, because many costs are fixed. The typical retail automotive centers operate one location and has annual revenue between $250,000 and $1 million. Companies with higher revenue typically operate more than one location, with revenue per location close to $1 million. Revenue per location is lower for large chains, like Pep Boys. About 60 percent of industry revenue comes from mechanical repair and 40 percent from sales of automotive parts and supplies.

4.3 Customer Profile

For automotive part sales, Management anticipates that the market will be locally based. Management anticipates that its expected service clientele will be a local, middle to upper middle income earning male and females between the ages of 25 and 75. As a vast majority of adults in this country own a vehicle, it is difficult to discern the “average” customer of the Car Parts Store, Inc.

4.4 Competitive Analysis

This is one of the sections of the business plan that you must write completely on your own. 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. If there are a number of competitors in the same industry (meaning that it is not feasible to describe each one) then showcase the number of businesses that compete with you, and why your business will provide customers with service/products that are of better quality or less expensive than your competition.

5.0 Marketing Plan

Car Parts Store, Inc. intends to maintain an extensive marketing campaign that will ensure maximum visibility for the business in its targeted market. Below is an overview of the marketing strategies and objectives of Car Parts Store, Inc.

5.1 Marketing Objectives

  • • Implement a local campaign with the Company’s targeted market via the use of flyers, local newspaper advertisements, and word of mouth advertising.

  • • Develop an online presence by developing a website and placing the Company’s name and contact information with online directories.

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5.2 Marketing Strategies

Mr. Doe intends on using a number of marketing strategies that will allow the Car Parts Store to easily target men and women 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. Car Parts Store, inc. will also use an internet based strategy. This is very important as many people seeking local retailers, such as car part businesses, now the Internet to conduct their preliminary searches. Mr. Doe will register the Car Parts Store, Inc. with online portals so that potential customers can easily reach the business. The Company will also develop its own online website. The Company will maintain a sizable amount of print and traditional advertising methods within local markets to promote the car parts and minor automotive services that the Company is selling.

5.3 Pricing

In this section, describe the pricing of your services and products. 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. This section of the business plan should not span more than 1 page.

6.0 Organizational Plan and Personnel Summary

6.1 Corporate Organization

6.2 Organizational Budget



6.3 Management Biographies

In this section of the business plan, you should write a two to four paragraph biography about your work experience, your education, and your skill set. For each owner or key employee, you should provide a brief biography in this section.

7.0 Financial Plan

7.1 Underlying Assumptions

  • • Car Parts Store, Inc. will have an annual revenue growth rate of 8% per year.

  • • The Owner will acquire $100,000 of debt funds to develop the business.

  • • The loan will have a 10 year term with a 9% interest rate.

7.2 Sensitivity Analysis

The business’s revenues are only moderately sensitive to changes in the general economy. Automotive parts are required for the proper function of vehicles. Additionally, during difficult economic times many people purchase car parts and make their own repairs in lieu of taking their vehicle to a full service automotive repair shop. As such, Management does not anticipate that negative changes in the overall economic climate will impact the Company’s ability to generate revenues and maintain profitability.

7.3 Source of Funds


7.4 General Assumptions

7.5 Profit and Loss Statements 

7.6 Cash Flow Analysis

 

7.7 Balance Sheet

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7.8 General Assumptions

7.9 Business Ratios

Expanded Profit and Loss Statements

Expanded Cash Flow Analysis