How to open an auto parts store
Due to the large number of cars in the cities, the business of selling auto parts, like the opening of a car repair shop, is a great idea for your business.
No equipment is durable, so parts require repair or replacement with similar ones over time.
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The cost of opening a car shop
To open an auto parts store, it will be necessary to invest financial resources in several components of the overall business picture. We give an example of initial expenses:
Equipment – $ 8,300.
Purchase of the first batch of goods – from $ 55,000.
The cost of advertising and external design – from $ 2,500.
Maintenance of programs for warehouse accounting – from $ 500 per year.
We get the figure of 66,300 dollars, excluding rent for the premises. The cost of rent depends largely on the region, location and number of square meters of premises, so we do not give rental costs. According to the reviews of the owners of such stores, a similar business pays for itself in 6-12 months.
If you decide to open a car shop, then you need to understand the features of this business and draw up a business plan for an auto parts store.
Auto Parts Store Business Plan
Here you can download an example of a ready-made business plan for an auto parts store for a Toyota brand. Download a business plan for an auto parts store
Own business – car shop
It should be said right away that the auto parts business is pretty competitive. This market is constantly growing, and in every city (and especially large), there are a lot of similar stores. Therefore, before starting a business, it is necessary to conduct a thorough market analysis. Pay particular attention to what parts and components are mainly sold by competitors. Also explore which parts of cars break down most often and require replacement.
Next, determine which parts will make up your main assortment, which should be purchased more, and which less. Carry out an analysis of which car brands are most often found in your city or region, and also use this when drawing up the assortment of goods.
Choosing a place and premises
In fact, the location of an auto parts store plays a very important role in the success of a business. Choosing a good place, you already increase your chances of success in business many times. The most optimal placement will be a place next to a car service, which is visited by a large number of customers.
If all such places are already taken, then you should look for a place in the city center, where there is a high cross of people. In particular, pay attention to the tracks and bypass roads. Placing a car shop near these places can also be a successful solution. If you are forced to open a store near outlets with similar products, you need to think through how you can compete with them (for example, due to lower prices, a wider assortment, quick delivery of goods by reservation, and so on).
Assortment of goods
When compiling an assortment of store products, you must first rely on the owners of which cars will become your main customers. Products for such vehicles should be purchased in a larger volume. However, you must also provide a wide selection for owners of various cars.
Among your goods should be products for cars of different production (domestic and foreign). For the store to work successfully, the number of items must be at least 10 thousand items. An approximate list of goods looks like this:
First Aid Kits.
Do not neglect various small things, which are also in great demand. Make sure that the most popular products are always in stock at your store. Some products can only be delivered on request.
How to open an auto parts store
For easier and more convenient assortment management, it is recommended to use special programs for inventory control, for example, “My Warehouse”. The maintenance of such programs is paid, however, you will immediately feel the advantage of using them – you can easily determine which products are more popular and which are less; what goods are already running out and should be bought again; as well as track sales statistics.