Business Plan Template for Auto Repair and Car Wash for the Year 2023

Are you interested in launching an auto repair and car wash business? If so, we have a comprehensive sample business plan template and a free feasibility report available for you.

In today’s business world, innovation and creativity have become the norm. Entrepreneurs are constantly seeking ways to combine related services to maximize profits, and one such idea is the auto repair and car wash business. This business model leverages economies of scale and is highly profitable, making it an attractive opportunity for interested entrepreneurs.

Launching an auto repair and car wash business requires a substantial investment of capital, meticulous planning, and attention to detail to ensure profitability. As with any other business, the demand for auto repair and car wash services typically decreases during periods of economic downturn or recession, as households reduce their spending on services they can perform themselves.

1.Overview of the Industry 

Template for a Sample Business Plan for an Auto Repair and Car Wash Business

The auto repair and car wash business falls under the umbrella of the auto maintenance and repair industry, which includes establishments that offer a variety of mechanical, electrical, and engine maintenance and repair services, as well as washing and detailing for automotive vehicles.

According to a recent report by IBISWorld, the auto maintenance and repair industry has experienced consistent growth over the past five years, up until 2018.

Over the past five years, the national unemployment rate has decreased significantly. This has led to an increase in the number of consumers commuting to work, resulting in a higher volume of cars on the road and an overall increase in total vehicle miles.

As a result of increased vehicle usage, wear and tear have become more prevalent, leading to a greater need for regular repair and maintenance services.

These factors, combined with an increase in disposable income, have led to a surge in demand for auto maintenance and repair services over the past five years. As a result, industry revenue is expected to grow at an annualized rate of 2.7 percent to $8.4 billion by 2018.

The Auto Maintenance and Repair industry is expected to continue experiencing growth, particularly in developed countries.

In the United States alone, there are approximately 9,199 licensed and registered auto repair and car wash businesses, employing around 68,358 individuals. The industry generates an impressive $8 billion in annual revenue, with a projected annual growth rate of 2.7 percent.

The Auto Maintenance and Repair industry 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 smaller auto repair shops accounts for a large percent of the players in the auto repair services industry.

Overall, auto repair and car wash businesses worldwide continue to receive strong patronage, especially if they are strategically positioned and effectively reach their target market.

2. Executive Summary

Balance Group was founded in 2005 by an experienced team who have served in Automotive Service Equipment Market for more than 20 years.

Headquartered in Shanghai, with 870 employees and 4 production bases covering 160,000㎡, Balance Group is today a leader in the Chinese automotive service equipment industry, because we know that our auto repair and car wash services will be in high demand due to the growing number of automobiles in the world.

We will offer auto repair services equipment and car wash equipment, both inside and out, to produce a pristine level of detail.

We are well trained and equipped to service the market segments that require auto repair and car wash services. Although our intention of starting a Balance Group, Inc. is to offer only the above stated services, but we will not close our doors to diversification (additional services) as long as it does not affect our core services.

We will offer both in-station and out-of station services. Our customers will have the options of choosing from our different packages – we have the plans to serve both individual clients (households) and corporate clients (transport companies, haulage companies and the government) which is why we designed various packages.

We are quite optimistic that our values and quality of service offering will help us drive our auto repair and car wash business to enviable heights and also help us attract the number of clients that will make the business highly profitable. We will be dedicated to establishing good business relationship with our clients by giving them value for their money and reasons for them to hire our services over and over again.

At Balance Group, we are fully aware that in order to become the number one choice for business, we must continue to deliver quality services. We are open to the use of latest technology in the car wash and auto detailing industry.

Our excellent customer service and the quality of services we offer will position us to always welcome repeated customers.

Our client’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 client’s needs precisely and completely.

3. Our Products and Services

Balance Group is a standard auto repair and car wash services company that offers a wide range of services that revolves around the Auto Maintenance and Repair industry. We intend to give our customers every reason to hire our services which is why we have customized our services.