If your hobby is working on cars, you may want to consider turning it into a career with a car repair franchise. Starting any type of business can be confusing and costly. However, a franchise allows you to get assistance from a nationally owned company that has been in the industry for a long time.
With a well-known car repair company, you get the advantage that comes with a strong brand and customer base. Still, there are steps for you to take to help you get the franchise off the ground.
Select the Type of Car Franchise You Want to Open
A varying degree of franchises in the repair industry exists for you to give car owners the services they want and need. Start by choosing ones that fit your prior experience. If you have no experience, research the one in which you are most interested. Typically, franchise owners receive comprehensive training before opening the doors, so being an expert is not required.
Write a Business Plan
Your business plan is one of the most important steps toward owning a franchise. Details such as an overview of the automotive industry, marketing, finances, staffing and how you plan to run the business are essential. Not only will the plan serve as a guide for running your business, but it is also a useful tool for obtaining financing. Surprises are to be expected in the business world, but a business plan can offer solutions to overcome challenges sooner.
Scout Site Locations
Location, location, location. Finding the ideal spot for your franchise can make a world of difference. The franchisor will assist you with sourcing a location. Some might even help you negotiate a favorable lease. Find out how zoning laws can affect where you can open a car repair shop in certain area.
Get Licenses, Permits and Insurances
Making sure you have all the licenses and permits necessary to operate legally is very important. This information should be readily available from the state motor vehicle department where you plan to open shop. There are also federal standards such as OSHA that will apply. Plan on buying insurance for liability coverage as well as other policies related to the automotive industry.
Once you buy all the necessary equipment, hire certified technicians and advertise, you are ready for the grand opening. These basic steps will put you on a path of hard work and great rewards.