Tire Shop Business Plan

Tire Shop Business Plan-85
You can fill a single niche or multiple, depending on your capital investment abilities and marketing.These are two critical components to opening a tire shop: location and licensing.The business will come to you in a high demand market – especially with advertising – but a high visibility location increases natural foot traffic.

You can fill a single niche or multiple, depending on your capital investment abilities and marketing.These are two critical components to opening a tire shop: location and licensing.The business will come to you in a high demand market – especially with advertising – but a high visibility location increases natural foot traffic.

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While conducting market research, assess the pricing offered by competitors and work through your pricing strategy.

Determine the margins and profits from each service offered.

Many shops do not work on engines or transmissions but they will handle suspension-related parts.

If you want to expand into mechanical services, you'll need basic mechanical tools like screwdrivers, socket wrenches, and even a torch and welding equipment. You will need plugs and patches and the ability to pull the tire off the rim and remount after completing the repair.

For retail, you need floor space to display tires and storage for bulk inventory.

Alignment is done on a computerized machine that requires a significant investment or lease option.

You also need weights to balance the tire on the rim.

A mount and balance machine is the primary tool here.

While you have the option of making mobile repairs, the business model is limited and is often better suited to one service in a suite of service offerings.

Your location will require space to house vehicles.

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