tyre fitment centre business plan

Starting Tyre Fitment Centre Business Plan (PDF)

Starting a business is always challenging, but choosing the right business can make all the difference. One business that has proven to be both lucrative and in-demand is a tyre fitment centre business. With the increasing number of vehicles on the roads and the constant need for tyre maintenance, there is a huge demand for tyre fitment centres. A tyre fitment centre provides a range of services such as tyre replacement, wheel alignment, wheel balancing, and tyre repairs. These services are essential for keeping vehicles in good condition and ensuring their safety on the roads. This article will outline how to start a tyre fitment centre business, and the tyre fitment centre business plan – PDF, Word and Excel.

Market Research

Comprehensively understand the tyre fitment industry.

Do some study into how the tyre fitment services industry works. Get acquainted with the relevant information on trends, projections, and other regulatory aspects. You can find most of such information online and other publicly available information sources. You can also actively find out relevant information on the ground. This will involve engaging applicable stakeholders in the tyre fitment services space. You can physically visit some of the tyre fitment centres close to you.

Take A Deep Dive Into Competitor Dynamics

One thing you will discover is that the tyre fitment space is highly competitive. There are already several well-established tyre fitment businesses in most locations. These include small tyre fitment centres as well as large national chains and franchises. You may also find other players who solely focus on mobile tyre fitment services.

Another consideration is that some may not necessarily be tyre fitment centres. They may be garages or workshops that offer other vehicle services including tyre fitment services. All these are competitors you must closely study. The aim will be to establish the products and services they offer, their pricing, their customer segments, types of equipment they use, and so on. That market research should help you figure out how to differentiate your tyre shop business.

Location And Premises

Location matters.

You can build a tyre fitment centre workshop from scratch; convert existing infrastructure, or rent workspace. In principle, you must choose a spot that is characterised by high vehicle population and traffic. No wonder being in or around central business districts, industrial and residential areas is strategic. However, you should combine that factor with the competition dynamics. Ideally you should not be located too close to many other competitors.

Premises Considerations

The size of your premises will be informed by the scale of your operations. The need for machinery and workspace that can accommodate vehicles means you should find large premises. The location of your tyre fitment centre should also be visible and easily accessible. The general outlook of your tyre fitment centre premises should be hygienic, comfortable, and attractive. Granted the working area may be somewhat messy. Regardless, there should be at least a cosy waiting area for the clients. There should also be spacious and secure parking for anyone who drives in. The tyre fitment centre business plan should include the costs of purchasing or leasing the premises.

Machinery And Equipment

Required machinery & equipment.

The key in having a successful tyre fitment centre business lies in having the right machinery and equipment. When starting a tyre fitment centre business, you should first assess your machinery & equipment needs based on the expected volume of work and the types of services that you will provide. A well-equipped tyre shop business can increase customer satisfaction, improve service delivery, and ultimately lead to increased profitability.

Essential machinery & equipment required for a tyre fitment centre business include tyre changers, wheel balancers, wheel alignment machines, two-post car lifts and air compressors, among others. The equipment needs to be of high quality and should ideally be capable of handling different sizes of vehicles, from small cars to large trucks. If you invest in modern and efficient machinery, that will save you time and money in the long run, by increasing productivity and reducing downtime due to equipment failures. The tyre fitment centre business plan should include the costs of purchasing the machinery and equipment.

Maintenance Of Machinery And Equipment

You should regularly maintain and service your machinery & equipment to prevent breakdowns and ensure safety. This can be achieved by scheduling regular inspections, cleaning, and lubrication of the machinery & equipment so as to keep them in good condition. It is also important to train all your staff on proper equipment usage and safety measures to prevent accidents and damage to the machinery.

Products And Services

Sell a wide array of products.

The primary products sold by tyre fitment centres are tyres. There are different brands of tyres, from cheap tyre brands, mid range and premium brands. You also have to decide on the kind of tyres to sell eg tyres for cars, trucks, buses, tractors etc. Your target market and business strategy will inform the kind of tyres that you will stock.  Tyre fitment centres can also sell other sought-after spare parts for vehicles. Examples of these are shocks, exhausts and brake pads, amongst others. Your market intelligence should guide you accordingly on what to stock. Collecting data on your clients whenever they do business with you can also inform on that.

Services To Offer

Tyre fitment centres offer a variety of services. These include tyre fitting, wheel alignment,  wheel balancing, tyre repairs, tyre inflation etc. Some tyre fitment centres also provide other services like fitting exhausts, brake pads, shocks, wiper blades and batterys. When starting a tyre fitment centre business, it is important to offer high quality services, as this leads to customer satisfaction and retention.  By offering a wide range of services, a tyre fitment centre can cater to a diverse customer base and increase profitability.

Consider Offering Mobile Services

By design your tyre fitment centre will be brick and mortar. This, however, should not confine your market reach. You can and must come up with mobile fitment packages. This can entail responding to roadside vehicle breakdowns. Another one can pertain to going to do tyre fitment services at homes or different locations e.g. offices, depots, or plants. You should find a way to offer mobile services because that can spell convenience for many people. It is also strategic in that not many tyre fitment centres offer that service. By offering it you will boost your brand awareness by getting word of mouth around.

Management And Staff

You should have the right team to ensure efficient operations and excellent customer service. The tyre fitment centre staff should have the necessary skills, knowledge, and experience to provide quality services to your customers. Essential employees required for a tyre fitment centre include tyre technicians, sales representatives and a manager. Ensure that you train all your staff to help improve their skills. The salaries of all your employees should be included in the tyre fitment centre business plan.

The demand for tyres and tyre fitment services is huge. Potential customers for your tyre shop include individual car owners, organisations, companies, fleet owners, construction companies etc. Take choice of location seriously. It is a cardinal key to success in the tyre fitment centre business. This should be augmented by working with skilled professionals. Inform your business strategies with insights drawn from studying your competitors. Be customer-centric and strive to provide or use high quality products and services. Do not forget to establish an active online presence and to offer mobile services. Your tyre shop business plan should include a proper marketing strategy for your business.

Pre-Written Tyre Fitment Centre Business Plan (PDF, Word And Excel): Comprehensive Version, Short Funding/Bank Loan Version and Automated Financial Statements

For an in-depth analysis of the tyre fitment centre business, we encourage you to purchase our well-researched and comprehensive tyre fitment centre business plan. We introduced the business plans after discovering that many were venturing into the tyre shop business without enough knowledge and understanding of how to run the business, lack of understanding of the financial side of the business, lack of understanding of : the industry, the risks involved , costs and profitability of the business; which often leads to disastrous losses.

The StartupBiz Global tyre fitment centre business plan will make it easier for you to launch and run your tyre fitment centre business successfully, fully knowing what you are going into, and what’s needed to succeed in the business. This is a complete business plan for a tyre fitment centre. It will be easier to plan and budget as you will be aware of all the costs involved in setting up and running the tyre fitment centre business.

Uses of the Tyre Shop Business Plan (PDF, Word And Excel)

The tyre fitment centre business plan can be used for many purposes including:

• Raising capital from investors/friends/relatives
• Applying for a bank loan
• Start-up guide to launch your tyre fitment centre business
• As a tyre fitment centre business proposal
• Assessing profitability of the tyre shop business
• Finding a business partner
• Assessing the initial start-up costs so that you know how much to save
• Manual for current business owners to help in business and strategy formulation

Contents of the Tyre Fitment Centre Business Plan (PDF, Word And Excel)

The business plan for a tyre fitment centre includes, but not limited to:

• Marketing Strategy
• Financial Statements (monthly cash flow projections, income statements, cash flow statements, balance sheets, break even analysis, payback period analysis, start-up costs, financial graphs, revenue and expenses, Bank Loan Amortization)
• Industry Analysis
• Market Analysis
• Risk Analysis
• SWOT & PEST Analysis
• Operational Requirements
• Operational Strategy
• Why some people in the tyre fitment centre business fail, so that you can avoid their mistakes
• Ways to raise capital to start your tyre shop business

The tyre fitment centre business plan package consists of 4 files

• Tyre Fitment Centre Business Plan – PDF file (Comprehensive Version – 83 Pages)
• Tyre Fitment Centre Business Plan – Editable Word File (Comprehensive Version – 83 Pages)
• Tyre Fitment Centre Business Plan Funding/Bank Loan Version- Editable Word File (Short version for applying for a loan/funding – 47 pages)
• Tyre Fitment Centre Business Plan Automated Financial Statements – (Editable Excel File)

The business plan can be used in any country and can be easily edited. The financial statements are automated. This implies that you can change eg the costs, salaries etc, and all the other financial statements will automatically adjust to reflect the change. 

Click below to download the Contents Page of the Tyre Fitment Centre Business Plan (PDF)

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Get the Tyre Fitment Centre Business Plan (PDF, Word And Excel)

Click Buy Now  below to purchase using Paypal, Credit Card, or Debit Card. After you have purchased, you will immediately see the download link for the business plan package on the screen. You will also immediately get an email with the business plan download link. The Pre-written business plan package (PDF, Word, and Excel) costs $30 only!

If you want to purchase multiple business plans at once then click here: Business Plans Store.

The business plan package is a zipped compressed file containing the PDF, Word and Excel documents. To open the package after downloading it, just right click, and select Extract All. If you have any problems in downloading and opening the files, email us on [email protected] and we will assist you.

We wish you the best in your tyre fitment centre business! Check out our collection of business plans  , and more business ideas .

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Tire Shop Business Plan

If you are planning to start a new tire shop, the first thing you will need is a business plan. Use our sample tire shop business plan created using Upmetrics business plan software to start writing your business plan in no time.

Before you start writing your business plan for your new tire shop business, spend as much time reading through some examples of transportation-related business plans.

Reading sample business plans will give you a good idea of what you’re aiming for. Also, it will show you the different sections that different entrepreneurs include and the language they use to write about themselves and their business plans.

We have created this sample for you to get a good idea about what a perfect tire shop business plan should look like and what details you will need to include in your stunning business plan.

Tire Shop Business Plan Outline

This is the standard business plan outline which will cover all important sections that you should include in your business plan.

• Mission Statement
• Vision Statement
• Target Market
• 3 Year profit forecast
• Business Structure
• Startup cost
• Market Trends
• SWOT Analysis
• Sales Strategy
• Pricing Strategy
• Important Assumptions
• Brake-even Analysis
• Profit Yearly
• Gross Margin Yearly
• Projected Cash Flow
• Projected Balance Sheet
• Business Ratios

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After getting started with upmetrics , you can copy this sample business plan into your business plan and modify the required information and download your tire shop business plan pdf  and doc file . It’s the fastest and easiest way to start writing your business plan.

Download a sample tire shop business plan

Need help writing your business plan from scratch? Here you go;  download our free tire shop business plan pdf  to start.

It’s a modern business plan template specifically designed for your tire shop business. Use the example business plan as a guide for writing your own.

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About the Author

Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

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Tire Shop Business Plan Template

Written by Dave Lavinsky

Tire Shop Business Plan

Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their tire shops.

If you’re unfamiliar with creating a tire shop business plan, you may think creating one will be a time-consuming and frustrating process. For most entrepreneurs it is, but for you, it won’t be since we’re here to help. We have the experience, resources, and knowledge to help you create a great business plan.

In this article, you will learn some background information on why business planning is important. Then, you will learn how to write a tire shop business plan step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What is a Tire Shop Business Plan?

A business plan provides a snapshot of your tire shop as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategies for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for a Tire Shop

If you’re looking to start a tire shop or grow your existing tire shop, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your tire shop to improve your chances of success. Your tire shop business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Tire Shops

With regards to funding, the main sources of funding for tire shops are personal savings, credit cards, bank loans, and angel investors. When it comes to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to ensure that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for tire shops.

Finish Your Business Plan Today!

How to Write a Business Plan for a Tire Shop

If you want to start a tire shop or expand your current one, you need a business plan. The guide below details the necessary information for how to write each essential component of your tire shop business plan.

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your executive summary is to quickly engage the reader. Explain to them the kind of tire shop you are running and the status. For example, are you a startup, do you have a tire shop that you would like to grow, or are you operating a chain of tire shops?

Next, provide an overview of each of the subsequent sections of your plan.

• Give a brief overview of the tire shop industry.
• Discuss the type of tire shop you are operating.
• Detail your direct competitors. Give an overview of your target customers.
• Provide a snapshot of your marketing strategy. Identify the key members of your team.
• Offer an overview of your financial plan.

Company Overview

In your company overview, you will detail the type of tire shop you are operating.

For example, you might specialize in one of the following types of tire shops:

• Retail : this type of tire shop offers tires in all price ranges, new and used, affordable, and luxury. They mainly offer the most popular brand names of tires.
• Discount: this type of tire shop focuses on selling discount tires that are affordable to their client base. They will also carry used and gently worn tires that can be sold at a discounted price.
• Full-service: this type of tire shop will sell tires, but also perform tire rotations, oil changes, and other small mechanical jobs.

In addition to explaining the type of tire shop you will operate, the company overview needs to provide background on the business.

Include answers to questions such as:

• When and why did you start the business?
• What milestones have you achieved to date? Milestones could include the number of customers served, the number of customers with positive reviews, reaching X number of customers served, etc.
• Your legal business Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry or market analysis, you need to provide an overview of the tire shop industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the tire shop industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your marketing strategy, particularly if your analysis identifies market trends.

The third reason is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your tire shop business plan:

• How big is the tire shop industry (in dollars)?
• Is the market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What is the industry’s growth forecast over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential target market for your tire shop? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your tire shop business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: individuals, schools, and businesses.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of tire shop you operate. Clearly, individuals would respond to different marketing promotions than businesses, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, including a discussion of the ages, genders, locations, and income levels of the potential customers you seek to serve.

Psychographic profiles explain the wants and needs of your target customers. The more you can recognize and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other tire shops.

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This includes car dealerships, large big box retailers, or auto shops. You need to mention such competition as well.

For each such competitor, provide an overview of their business and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as

• What types of customers do they serve?
• What type of tire shop are they?
• What is their pricing (premium, low, etc.)?
• What are they good at?
• What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you provide other mechanical services aside from tire replacement?
• Will you offer products that your competition doesn’t?
• Will you provide better customer service?
• Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a tire shop business plan, your marketing strategy should include the following:

Product : In the product section, you should reiterate the type of tire shop company that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you provide oil changes, complimentary tire rotations,tire leak or damage repair, or auto inspections?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your plan, you are presenting the products and/or services you offer and their prices.

Place : Place refers to the site of your tire shop. Document where your company is situated and mention how the site will impact your success. For example, is your tire shop located in a busy retail district, a busy neighborhood, a standalone location, or adjacent to an auto mechanic shop? Discuss how your site might be the ideal location for your customers.

Promotions : The final part of your tire shop marketing plan is where you will document how you will drive potential customers to your location(s). The following are some promotional methods you might consider:

• Advertise in local papers, radio stations and/or magazines
• Reach out to websites
• Distribute flyers
• Engage in email marketing
• Advertise on social media platforms
• Improve the SEO (search engine optimization) on your website for targeted keywords

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your tire shop, including taking tire inventory, customer service and billing, scheduling staff hours and payroll, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to sell your Xth tire, or when you hope to reach $X in revenue. It could also be when you expect to expand your tire shop to a new city.  

Management Team

To demonstrate your tire shop’s potential to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally, you and/or your team members have direct experience in managing tire shops. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act as mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing a tire shop or successfully running an automotive repair shop.  

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet, and cash flow statements.

Income Statement

An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenue and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you sell 5 tires per day, and/or offer multiple tire purchase discounts? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets

Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your tire shop, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a lender writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement

Your cash flow statement will help determine how much money you need to start or grow your business, and ensure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

When creating your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a tire shop:

• Cost of equipment and tire inventory
• Payroll or salaries paid to staff
• Business insurance
• Other start-up expenses (if you’re a new business) like legal expenses, permits, computer software, and equipment

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your tire shop location lease or a list of tires you plan to offer.  

Writing a business plan for your tire shop is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will understand the tire shop industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful tire shop.

Don’t you wish there was a faster, easier way to finish your Tire Shop business plan?

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Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.   Hire someone to write a business plan for you from Growthink’s team.

Other Helpful Business Plan Articles & Templates

Tire Shop Business Plan Template

Written by Dave Lavinsky

Tire Shop Business Plan

You’ve come to the right place to create your Tire Shop business plan.

We have helped over 1,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Tire Shops.

Below is a template to help you create each section of your Tire Shop business plan.

Executive Summary

Business overview.

Tire World is a startup retail tire store business located in Spokane, Washington. The company was founded by Tommy Thompson, a former manager of a national chain tire store company for fifteen years. Tommy was recognized early in his career for both his leadership qualities among the staff members of his former employer, but also for his outstanding ability to assist customers in the best possible ways.

For example, if a customer was grouchy and unhappy about the experience, Tommy would find a way to connect with the customer to indicate some sympathy. If the client was nervous or upset about the costs, Tommy would find ways to assist the customer in feeling more confident in the end result and how the work could be paid for.

Tommy has recruited two of his former staff members to work in Tire World; Jay Goodson, who will act as the Shop Manager, and Clay Maddeson, who will act as the Operations Manager in the main office. Both are experienced in their fields of interest and have experience, along with stellar reviews from clients.

Product Offering

The following are the products and services that Tire World will provide:

• Complete product line of tires for various vehicles, including cars, trucks, SUVs, and motorcycles
• Specialty tires for recreational vehicles and other “heavy load” vehicles, such as tractors and other farm and ranch mobile vehicles
• Tire installation services
• Tire balancing services
• Tire rotation services
• Tire repair services
• Free air fills and tire check as often as customers request those services
• Free bicycle air fills
• Free servicing of tires of childrens’ “mobile vehicles” and safety checks

Customer Focus

The primary target market will include vehicle owners within a 30-mile radius of the shop, including individual customers, commercial fleet owners, and automotive repair shops. In addition, farmers and ranchers will be targeted, along with those individuals who own vehicles with specialty tires.

Management Team

Tire World will be owned and operated by Tommy Thompson, a former manager of a national chain tire store company for fifteen years. Tommy has recruited two of his former staff members to work in Tire World.

Jay Goodson, formerly a shop mechanic at the retail chain tire store, has proven to be a stellar employee during the eight years of his employment in his former position. Jay will now act as the Shop Manager, overseeing all mechanics, inventory, service-related issues and human resource issues within the shop and bays.

Clay Maddesonwill act as the Operations Manager in the main office. He was also recruited from the former employer of Tommy Thompson and has six years of experience as an operations staff member. He will oversee the scheduling for tire service, customer service overall, inventory control and other vital areas that will support the store’s success.

Success Factors

Tire World will be able to achieve success by offering the following competitive advantages:

• Friendly, knowledgeable, and highly-qualified team at Tire World
• In addition to typical tire repair and servicing, Tire World will offer numerous specialty tires for various farm, ranch and recreational vehicles.
• Tire World will offer free air fills and tire checks every time a customer requests the service.
• Tire World will also be known as the Kids Tire Corner, with free air fills and repairs for bicycles and “work” performed on children’s ride-on toys that will be free of charge.

Financial Highlights

Tire World is seeking $200,000 in debt financing to launch Tire World. The funding will be dedicated toward securing the office space and purchasing office equipment and supplies. Funding will also be dedicated towards three months of overhead costs to include payroll of the staff, rent, and marketing costs for the print ads and marketing costs. The breakout of the funding is below:

• Office space build-out: $20,000
• Office equipment, supplies, and materials: $10,000
• Three months of overhead expenses (payroll, rent, utilities): $150,000
• Marketing costs: $10,000
• Working capital: $10,000

The following graph outlines the financial projections for Tire World.

Company Overview

Who is desert sun tire shoping company.

Tire World is a newly established, full-service retail tire store in Spokane, Washington. Tire World will be the most reliable, cost-effective, and customer-oriented choice for tire replacement, repair and servicing in Spokane and the surrounding region. Tire World will provide a comprehensive menu of tire products and services for any customer to utilize. Their full-service approach includes a comprehensive array of tires and a number of unique services for customers and their children.

  Tire World will be able to offer a stellar mix of product quality and service. The team of professionals are highly qualified professionals, experienced in tire placement, repair, servicing and identification of problems, with a known pattern of excellence in the greater Spokane area. Tire World removes all headaches and issues of tires and the problems that arise in serving or replacement and Tire World ensures all issues are taken care of expeditiously, while delivering the best customer service.

Tire World History

Since incorporation, Tire World has achieved the following milestones:

• Registered Tire World, LLC to transact business in the state of Washington.
• Has a contract in place at one of the office buildings next to the Tire World service center. The office space will add 10,000 square feet, providing for a customer waiting area.
• Reached out to numerous former customers and contacts to spread the word.
• Began recruiting a staff of six and office personnel to work at Tire World.

Tire World Services

The following will be the services Tire World will provide:

Industry Analysis

The retail tire store industry is expected to grow over the next five years to over $145 billion. The growth will be driven by increased numbers of vehicles owned and operated. The growth will also be driven by the increasing numbers of tires that are especially made to fit with certain vehicles of manufacturers, including “run flat” tires and other features. The growth will also be driven by the desire by drivers to obtain the maximum amount of miles per gallon spent on fuel as fuel prices rise. Tire performance is directly related; new types of designs will be developed to assist in maximum efficiency rates. Costs will likely be reduced by greater availability of all types and sizes of tires. Costs will also likely be reduced by larger inventory of stock tire sizes at tire manufacturer facilities.

Customer Analysis

Demographic profile of target market.

Tire World will primarily target vehicle owners within a 30-mile radius of the shop, including individual customers, commercial fleet owners, and automotive repair shops. In addition, farmers and ranchers will be targeted, along with those individuals who own vehicles with specialty tires.

Customer Segmentation

Tire World will primarily target the following customer profiles:

• Vehicle owners
• Commercial fleet owners
• Automotive repair shops
• RV repair and servicing shops
• Farmers and ranchers with work-related vehicles

Competitive Analysis

Direct and indirect competitors.

Tire World will face competition from other companies with similar business profiles. A description of each competitor company is below.

National Tire Store

National Tire Store is one store within a national retail chain of tire stores. There are 355 stores across the U.S., each carrying the same stock tires to meet the needs of 80% of the U.S. population, depending on which kind of vehicles are driven. Foreign cars (German, etc) with specialty tires will not find tires in this national chain.

National Tire Store was founded in 1990 by Hugh Morrison and his wife, Patti, who had been operating a tire store for five years on a small scale in a suburb of Chicago, Illinois. They were approached by a company that funds startup franchise stores and they bought into the plan to develop their single store into a national brand and numerous stores. Although they’ve retired, Hugh and Patti continue to remain active in the oversight of the chain and the changes that have occurred. The chain is focused on U.S. vehicles that run on U.S. tires, made for the greater population rather than for all types of vehicles. Farm, ranch, and recreational vehicle tires are not inventoried at the chain stores.

Grainger’s Tire Store

Grainger’s Tire Store is owned and operated by Lou Grainger. It was established in the city of Spokane in 1979 and currently has ten employees who focus on service and selection for their customers. Grainger’s Tire Store is a direct competitor to Tire World; however, differences are apparent for customers when making comparisons. Grainger’s Tire Store does not offer free air fills or tire checks, nor do they service bicycles, or children’s mobile vehicles. The store does not carry specialty tires, nor does it carry tires for ranch or farm vehicles.

Lou Grainger has built a reputation of being a community-minded business owner, having assisted with several Spokane city departments in their tire repairs and replacements. This includes the police department and other vehicles that are regularly driven by city employees. The relationship has become a collaborative one, with the two entities contracted for long-term services and products for ten years to come.

Tube n’ Lube

In 2020, brothers Lucas and Nico Porterro decided to open a tire store in an abandoned convenience store on the southside of the city of Spokane. The store was purchased and the brothers cleaned and stocked the store with a variety of tires and tire accessories. They added a 2-bay tire installation and lube service area in 2021 and have since run a modest business by acting as the service technicians at the same time they provide customer service and product sales. They currently sell tires for cars, trucks, and motorcycles.

In addition to selling and servicing tires, the Porterro brothers offer lubrication service for area vehicle owners. They charge modest prices for basic lube services.

Competitive Advantage

Tire World will be able to offer the following advantages over their competition:

Marketing Plan

Brand & value proposition.

Tire World will offer the unique value proposition to its clientele:

• In addition to offering tire replacements or repairs to virtually all kinds of tires, Tire World will become known for their stellar customer service.
• Tire World will offer free air fills and repairs for bicycle tires
• Tire World will offer free air fills and “repairs” for children’s mobile vehicles.
• Tire World will offer services beyond the norm, providing for area ranchers and farmers with specialty tires for their mobile equipment

Promotions Strategy

The promotions strategy for Tire World is as follows:

Word of Mouth/Referrals

Tire World has built up an extensive list of contacts and former clients over the years by providing exceptional service and expertise to clients. Former customers will follow the management of the new company and help spread the word about the launch of Tire World.

Professional Associations and Networking

Community groups and government offices in Spokane invite business owners to meet with them regularly; the Tire World staff will do so. Special discounts and offers can be made to assist local law enforcement, while providing a service that meets the needs of residents, as well. Networking will begin before the tire store opens and continue indefinitely.

Print Advertising

A direct mail piece will be sent to all residents within the greater Spokane area two weeks prior to the opening of the tire store. Special discounts will be offered for the first three months of business. Referrals to new customers will also be rewarded with perks and special tire packages.

Website/SEO Marketing

Tire World will fully utilize their website. The website will be well organized, informative, and list all their products and services that Tire World provides. The website will also list their contact information and services offered. The website will employ SEO marketing tactics so that anytime someone types in the Google or Bing search engine “tire company” or “tire store near me”, Tire World will be listed at the top of the search results.

The pricing of Tire World will be moderate and on par with competitors so customers feel they receive excellent value when purchasing their services.

Operations Plan

The following will be the operations plan for Tire World. Operation Functions:

• Tommy Thompson will be the Owner and President of the company. He will oversee all staff and manage client relations. Tommy has spent the past year recruiting the following staff:
• Clay Maddeson will act as the Operations Manager who will oversee scheduling, customer relations, and other administrative duties.
• Jay Goodson will act as the Shop Manager, overseeing all staff and management of the shop and bay areas of the store.

Milestones:

Tire World will have the following milestones completed in the next six months.

• 5/1/202X – Finalize contract to lease office space
• 5/15/202X – Finalize personnel and staff employment contracts for Tire World
• 6/1/202X – Finalize contracts for Tire World wholesalers
• 6/15/202X – Begin networking at community events
• 6/22/202X – Begin moving into Tire World
• 7/1/202X – Tire World opens its doors for business

Tire World is owned and operated by Tommy Thompson, a former manager of a national chain tire store company for fifteen years. Tommy was recognized early in his career for both his leadership qualities among the staff members of his former employer, but also for his outstanding ability to assist customers in the best possible ways. Tommy has recruited two of his former staff members to work in Tire World.

Financial Plan

Key revenue & costs.

The revenue drivers for Tire World are the fees they will charge customers for their products and services.

The cost drivers will be the overhead costs required in order to staff Tire World. The expenses will be the payroll cost, rent, utilities, office supplies, and marketing materials.

Funding Requirements and Use of Funds

Tire World is seeking $200,000 in debt financing to launch Tire World. The funding will be dedicated toward securing the office space and purchasing office equipment and supplies. Funding will also be dedicated toward three months of overhead costs to include payroll of the staff, rent, and marketing costs for the print ads and association memberships. The breakout of the funding is below:

Key Assumptions

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and in order to pay off the startup business loan.

• Number of Customers Per Month: 300
• Average Revenue per Month: $90,000
• Office Lease per Year: $100,000

Financial Projections

Income statement, balance sheet, cash flow statement, tire shop business plan faqs, what is a tire shop business plan.

A tire shop business plan is a plan to start and/or grow your tire shop business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

You can easily complete your Tire Shop business plan using our Tire Shop Business Plan Template here .

What are the Main Types of Tire Shop Businesses? 

There are a number of different kinds of tire shop businesses , some examples include: Retail, Discount, and Full-service.

How Do You Get Funding for Your Tire Shop Business Plan?

Tire Shop businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.

What are the Steps To Start a Tire Shop Business?

Starting a tire shop business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Develop A Tire Shop Business Plan - The first step in starting a business is to create a detailed tire shop business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast. 

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your tire shop business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your tire shop business is in compliance with local laws.

3. Register Your Tire Shop Business - Once you have chosen a legal structure, the next step is to register your tire shop business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws.

4. Identify Financing Options - It’s likely that you’ll need some capital to start your tire shop business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms.

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations.

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events.

7. Acquire Necessary Tire Shop Equipment & Supplies - In order to start your tire shop business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation.

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your tire shop business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising. 

Learn more about how to start a successful tire shop business:

• How to Start a Tire Shop

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• Business Ideas
• Business News
• Business Tips
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Starting a Tyre Fitment Centre Business in South Africa – Business Plan (PDF, Word & Excel)

Posted by BizBolts | All Articles , Business Ideas , Business Plans

Starting a tyre fitment centre business in South Africa is a very lucrative business opportunity. The automotive industry in South Africa is one of the largest in Africa, and it contributes significantly to the economy of the country. Over 11 million cars are registered in South Africa, and this creates a huge demand for tyres and tyre fitment services. However just like any other business, starting a tyre fitment centre business requires to first carry out market research, proper planning, and a good business strategy. With a strategic approach and a commitment to providing excellent customer service, entrepreneurs can establish a successful tyre fitment centre that meets the needs of customers and generates good profits. This article will outline how to start a tyre fitment centre business, and the tyre fitment centre business plan (PDF, Word & Excel).

Location And Premises

The location of your tyre fitment centre is important and can determine the success or failure of your business. The location determines customer base, accessibility and overall profitability of the tyre fitment centre business. The first thing to do is to carry out market reasearch and determine the demand for tyre fitment services in the potential location. Also check the competition, the number of existing tyre fitment services in the area, and how you can differentiate your business from them. Consider the proximity to residential and commercial areas, main roads and highways, as this can significantly impact the visibility and accessibility of your tyre fitment centre. The premises should be large enough to fit the workshop, offices, and space for vehicles. The building should be large enough to accommodate your stock, machinery & equipment, vehicles and office space. Consider the leasing costs, as you should find affordable premises which are within your budget.  The costs of buying or leasing the premises should be included in your tyre fitment centre business plan.

Machinery And Equipment

To provide good service to your customers, you require the right type of machinery and equipment for your tyre fitment centre. You should purchase high quality, durable and reliable machinery & equipment that can withstand the demands of your business. Some of the required machinery & equipment required for a tyre fitment centre include tyre changers, wheel balancers, air compressors, wheel alignment machine, car lifts, tyre changing tools, tyre inflators etc. These tools and equipment are critical in the tyre fitment process and can significantly impact the efficiency and quality of the service provided. Investing in high quality machinery may seem to be expensive, however it will save you money in the long run by reducing repair, maintenance and replacement costs. When purchasing machinery, you should also consider the space available in your tyre shop. You should ensure that your machinery & equipment fits comfortably in your premises and that there is adequate space for operating and storing the equipment. Ensure that the purchased machinery and equipment  complies with all relevant safety and regulatory standards. It should also come with warranty or guarantee. Our tyre fitment centre business plan includes contact details of suppliers in South Africa where you can buy your machinery and equipment from.

Products and Services

The products offered by a tyre fitment centre business typically include a range of tyres from various manufacturers, including budget, mid-range, and premium brands. The tyres come in different sizes and cater for different types of vehicles eg cars, passenger vehicles, trucks, and other commercial vehicles. That’s why it is important to carry out local market research, so as to ensure that you cater to the needs of your customers and the local market. Our tyre fitment centre business plan includes contact details of tyre suppliers in South Africa where you can get your stock from. In addition to selling tyres, tyre fitment centres in South Africa also sell other products such as wheel accessories, batterys, shocks, brake pads and exhausts. Tyre fitment centres also offer a variety of services such as tyre fitting, wheel alignment, wheel balancing, tyre repair, tyre inflation etc. In addition to tyre related services, tyre fitment centres may also fit batterys, exhausts and shocks. All the above services require specialised equipment and trained technicians, thus you should ensure that you have the necessary equipment and personnel to provide these services efficiently and effectively. When pricing products and services, you should carefully consider the local market and their competitors’ prices. Factor in your costs, including labour, equipment, and inventory, to ensure that their prices are competitive and produce a reasonable profit margin. You should source your products from reliable suppliers. Providing quality products and services is essential to building a loyal customer base and ensuring the success of the business.

Staff And Management

The size of your tyre fitment centre determines the number of employees that you require. You should carefully assess the workload to determine the number of employees required ton run the business efficiently. The required staff include tyre technicians, mechanics and sales & marketing staff. You also require a manager to manage the day to day operations of the tyre fitment centre. Ensure you hire employees who have the necessary skills and experience to do perform their jobs effectively. Provide adequate training and support to ensure that your staff can give high quality service to customers.  Having knowledgeable employees is crucial for a tyre shop business. Customers often have questions about different types of tyres, their features, and benefits. Therefore, it is essential that employees have a good understanding of the products they are selling. They should be able to assist customers in making purchasing decisions by providing them with accurate and relevant information. This not only helps customers to make informed decisions but also builds trust and confidence in the business. Your tyre shop business plan should include salaries for all your staff.

The demand for tyres and tyre fitment services in South Africa is huge, making it a lucrative market for entrepreneurs. With the growing number of vehicles on the road, the demand for tyres and tyre fitment services continues to rise. The potential customers for your tyre fitment business include individual vehicle owners, companies & organizations with vehicles, logistics & transport companies, mining companies, agricultural companies etc. These customers require regular tyre maintenance, including wheel balancing, and alignment, and may need to replace their tyres from time to time.

PRE-WRITTEN TYRE FITMENT CENTRE BUSINESS PLAN (PDF, WORD AND EXCEL): COMPREHENSIVE VERSION, SHORT FUNDING/BANK LOAN VERSION AND AUTOMATED FINANCIAL STATEMENTS

For an in-depth analysis of the tyre fitment centre business in South Africa, purchase our tyre fitment centre business plan. We decided to introduce the business plans after noting that many South Africans were venturing into the tyre fitment centre business without a full understanding of the industry, market, how to run the business, the risks involved, profitability of the business and the costs involved, leading to a high failure rate of their businesses.

Our business plan will make it easier for you to launch and run a tyre fitment centre business successfully, fully knowing what you are going into, and what’s needed to succeed in the business. It will be easier to plan and budget as the tyre shop business plan will lay out all the costs involved in setting up and running the tyre fitment centre business. The business plan is designed specifically for the South African market.

USES OF THE TYRE FITMENT CENTRE BUSINESS PLAN (PDF, WORD AND EXCEL)

The tyre fitment centre business plan can be used for many purposes including:

• Raising capital from investors/friends/relatives
• Applying for a bank loan
• Start-up guide to launch your tyre fitment centre business
• As a tyre fitment centre project proposal
• Assessing profitability of the tyre fitment centre business
• Finding a business partner
• Assessing the initial start-up costs so that you know how much to save
• Manual for current business owners to help in business and strategy formulation

CONTENTS OF THE TYRE FITMENT CENTRE BUSINESS PLAN (PDF, WORD AND EXCEL)

The business plan includes, but not limited to:

• Market Analysis
• Industry Analysis
• 5 Year Automated Financial Statements [ Income statements, cash flow statements, balance sheets, monthly cash flow projections (3 years monthly cash flow projections, the remaining two years annually),break even analysis, payback period analysis, start-up costs, financial graphs, revenue and expenses, Bank Loan Amortisation]
• Marketing Strategy
• Risk Analysis
• SWOT & PEST Analysis
• Operational Requirements
• Operational Strategy
• Why some South Africans in the tyre fitment centre business fail, so that you can avoid their mistakes
• Ways to raise capital to start your tyre fitment centre business in South Africa
• Directory [Contact Details for South African suppliers of tyres, machinery & equipment]

The Tyre Fitment Centre Business Plan package consist of 4 files

• Tyre Fitment Centre Business Plan – PDF file (Comprehensive – 92 pages)
• Tyre Fitment Centre Business Plan – Editable Word File (Comprehensive – 92 pages)
• Tyre Fitment Centre Business Plan Funding Version – Editable Word File (Short version for applying for a loan – 52 pages)
• Tyre Fitment Centre Business Plan Automated Financial Statements – (Editable Excel file)

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Testimonial 5

The BizBolts poultry business plan led us down the path from start to finish. Contact details of suppliers of key requirements were included in the business plan. It helped us crystallize our strategy, and the business plan was well received by the bank.

Testimonial 3

The business plan has a highly professional look and feel. The research really helps me look deep into the market that I am targeting, it’s well suited for the South African market. The business plan clearly outlined everything I need to start the business and the costs. It’s now easier to budget and plan. Thank you very much.

GET THE TYRE FITMENT CENTRE BUSINESS PLAN (PDF, WORD AND EXCEL) - R500 Only.

We decided to make the business plan affordable to anyone who would want to start the business, and the price for the pre-written business plan is only 500 Rand.

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About The Author

BizBolts (Pty) Ltd is a business research company based in Johannesburg, South Africa. We sell prewritten business plans for various industries including livestock production, crop farming and retail businesses. BizBolts also publishes articles on business ideas, business news, business tips, personal finance, and entrepreneur profiles.

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