Used Auto Sales Business Plan


Used Auto Sales Business Plan


Auto Sales & Parts

Problem

Integrity Auto Sales is committed to selling high-quality used cars at a fair price in Lane County. Owner and sales manager together have more than 30 years combined experience in both new and used car sales. To bring you the best savings, we will keep building our relationship with local dealers.

Solution

We will create a shopping environment that suits the customer’s needs. We are selling a professional service and an experience in car buying that will bring customers back again, as well as referring friends and family. Our gross margin is higher than the industry average. We will succeed due to the hard work and determination of our owners and the great team that we have assembled.

Market

Nearly everyone requires a car in order to travel from A to B. Many families have two or more cars. The new car market has seen a huge increase in sales, so there are many used cars for sale. The largest single-month increase in sales of new cars was October, which saw a 24% increase.

Competition

It is not uncommon for used car dealers to use unethical sales tactics. Customers are more cautious and skeptical than they should be. Our success will depend on our ability to provide a high-quality experience for customers. Our salesmen will provide a friendly and personal experience for the buyer. We will make sure that the customer is satisfied. These customers will serve as a reference for car buyers. This company will build an excellent working relationship with our suppliers and customers.

Why Us

Integrity Auto Sales is a unique car sales company that offers unique experiences to customers in Willamette Valley. A customer-focused approach that places emphasis on customer satisfaction. We understand that vehicle purchasing is a necessary, but sometimes unpleasant experience. Our goal is provide a pleasant, honest service to customers by meeting their transportation needs with quality products.

We believe it’s important for vehicles to be high quality and affordable. Therefore, we will provide a 30-day limited warranty on each vehicle. We will earn a profit through sales. It will offer job satisfaction, fair compensation for its employees, as well as a fair return for its owners. Hard work and performance is rewarded through bonuses and commissions. Both employees and owners are very concerned about job satisfaction. We create a work environment that’s enjoyable and lucrative for everyone.

Expectations

Forecast

  1. Growth will be moderate to good, cash flows steady with several months of loss in the beginning
  2. Marketing will still be less than 10% of sales.
  3. The company will invest 10% in financial markets and approximately 50% in company growth for the first one year.

Financial Highlights by Year

Financing is Required

For us to get started, we will need $130,000 of funding. That includes a $100,000 loan. Jonathan will invest $20,000 and Don $10,000.


Used Book Store Business Plan


Used Book Store Business Plan


Introduction

Flyleaf Books a small, start-up bookstore in Cleveland, Ohio. It is the goal of the company management to acquire local market share in the used bookstore industry through low price, a dominant selection of products, a competitive variety of services including a buyback/trade program and hard to find book search, plus a relaxing, friendly environment that encourages browsing and reading.

Company

Flyleaf will be a limited liability corporation registered in the state of Ohio. The company will be owned jointly by James Vinck, the former head librarian of Philadelphia City Library and Aracela Vinck.

Vinck established the firm to provide a sustainable income, meet new people, and leave a business that is profitable to his family. Flyleaf Books plans to open its shop in Brecksville’s busiest area, an outlying suburb near Cleveland. This area is known for its high-quality establishments and upscale residents. Our company is located in an old furniture store of 8,000 feet. It allows us to stock large amounts.

Products/Services

Flyleaf Books can offer a wide range book, magazine and music selections. There are many categories, such as fiction, nonfiction, business science, business, science for children, hobby collecting, and for adults. The CD’s will be the main focus of our music selection, as they are the most widely used and take up least floor space. We will also offer a competitive buy-and-trade service to help lower our inventory acquisition costs. This will make our store more appealing to customers. We offer a search and ordering service for customers who want to find difficult to obtain items. Flyleaf Books is going to have a relaxed “reading room” atmosphere. We will encourage the use of couches and chairs.

Market

Our market has been experiencing a decline of growth in the last two-years. This can be attributed to the overall economy being weak. Last year, sales in the book industry rose by only 3.6% while overall U.S. retail revenues grew by 4.3%. However, management believes this may be a boon for the used-bookstore industry. Used bookstores will be more appealing to customers who still want to buy books as customers are less likely to spend on them. Therefore, management believes this may be a good time to get into the industry and gain market share.

The overall consolidation in the bookstore market is a significant step. The market was dominated in the past by small and local bookstores as well as regional chains. The emergence and dominance of the #8220superstore created by Barnes & Noble has seen the largest players in this market gain substantial market share, driving many independent booksellers away from the market.

There is still a place for independent booksellers to create a market position in the used books section. This segment is less attractive to large companies because the &#8220_superstore concept is harder to replicate in a low-profit market. This favors the local independent bookstore in the used books market segment, provided they can obtain a sufficient facility to house an appealing inventory and compete with the larger national chains.

Financial Considerations

Start-up expenses total $178,000. These are the one-time fees associated with opening a store. These costs are paid for by both SBA loans as well private investors. Please note that we expect to be operating at a loss for the first couple of months before advertising begins to take effect and draw in customers. Flyleaf Books is expected to receive periodic cash infusions to cover operating expenses for the first two year as it works toward sustainability. Funding has been arranged through lending institutions and private investors already. We do not anticipate any cashflow problems in the next 3 years.

1.1 Objectives

These are the Flyleaf Books’ goals for the next three-years:

  • Profitability by July Year 2
  • In Year 3, make around $200,000 in sales
  • Pay owners a reasonable salary while running at a profit.

1.2 Keys for Success

In order to survive and expand, Flyleaf Books must keep the following issues in mind:

  • We must attain a high level of visibility through the media, billboards, and other advertising.

  • We need to have strict procedures for cost control, and incentives to maintain tight control, in order for us become THE low-cost market leader in used textbooks.
  • Customers are constantly attracted to our products and services.

    • 1.3 Mission

    Flyleaf Book’s mission in Cleveland, OH is to provide quality literature at affordable prices. The company also wants to offer a relaxed environment that encourages browsing, relaxation and a pleasant place to spend time. Flyleaf&#8217’s unique offering to customers will include a large selection books, magazines, and CD&#8217’s that can be used. Additionally, we offer a buying/buyback option which reduces book acquisition costs, and allows our customers the opportunity to trade in unwanted books/CD&#8217’s for cash.

    Used Sports Equipment Store Business Plan


    Used Sports Equipment Store Business Plan


    Nine Lives – An Outdoor Clothing & Gear Consignment Store in Eugene, Oregon is a brand new business. Nine Lives will be run by Jim Gearboy, a veteran of the outdoor industry. Jim is familiar with Eugene’s outdoors community and has developed his industry knowledge into a niche business that has no direct competitor.

    Nine Lives will take advantage of this amazing opportunity by offering a wide range of used goods that are not available elsewhere, excellent customer service and affordable prices. Jim Gearboy is the owner and has secured a location which offers good foot traffic as well as easy accessibility. Jim will be able to efficiently set up the store in order to increase sales, and give customers the highest level of attention. The store will be profitable quickly thanks to Jim’s passion for the outdoors and his knowledge.

    Nine Lives has a steady growth rate, with profitability in month six and revenue of $45,000 in year three.

    1.1 Mission

    Nine Lives’#8217 goal is to provide customers with high quality gear and outdoor clothing at affordable rates. We are here for customers to be attracted and kept. When we adhere to this maxim, everything else will fall into place. Our services will meet or exceed customer expectations.

    1.2 Objectives

    The following are the goals for the first 3 years of operation:

    • To establish a retail shop whose main goal is to exceed customers’ expectations.

    • To increase the number of clients served by at least 20% per year through superior performance and selection.

    • To decrease dependence on nonrenewable resources through the use of reused goods.

    • To obtain annual revenues exceeding $50,000.