Plan Outline
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SIC 7538 Automotive Repair, Services and Parking - General automotive repair shops
*Reports start as low as $89
Auto Repair Service Business Plan
Quick and Dirty Auto Repair
This sample business plan can be edited directly in Business Plan Pro software.
Appendix
| Sales Forecast | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Unit Sales | |||||||||||||
| Auto Repair Jobs | 0% | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 |
| Auto Parts | 0% | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 |
| Other | 0% | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Unit Sales | 7,650 | 7,650 | 7,650 | 7,650 | 7,650 | 7,650 | 7,650 | 7,650 | 7,650 | 7,650 | 7,650 | 7,650 | |
| Unit Prices | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Auto Repair Jobs | $300.00 | $300.00 | $300.00 | $300.00 | $300.00 | $300.00 | $300.00 | $300.00 | $300.00 | $300.00 | $300.00 | $300.00 | |
| Auto Parts | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | |
| Other | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | |
| Sales | |||||||||||||
| Auto Repair Jobs | $420,000 | $420,000 | $420,000 | $420,000 | $420,000 | $420,000 | $420,000 | $420,000 | $420,000 | $420,000 | $420,000 | $420,000 | |
| Auto Parts | $375,000 | $375,000 | $375,000 | $375,000 | $375,000 | $375,000 | $375,000 | $375,000 | $375,000 | $375,000 | $375,000 | $375,000 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Sales | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | |
| Direct Unit Costs | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Auto Repair Jobs | 0.00% | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 |
| Auto Parts | 0.00% | $30.00 | $30.00 | $30.00 | $30.00 | $30.00 | $30.00 | $30.00 | $30.00 | $30.00 | $30.00 | $30.00 | $30.00 |
| Other | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Direct Cost of Sales | |||||||||||||
| Auto Repair Jobs | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | |
| Auto Parts | $187,500 | $187,500 | $187,500 | $187,500 | $187,500 | $187,500 | $187,500 | $187,500 | $187,500 | $187,500 | $187,500 | $187,500 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Direct Cost of Sales | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | |
| Personnel Plan | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Owners | 0% | $26,667 | $26,667 | $26,667 | $26,667 | $26,667 | $26,667 | $26,667 | $26,667 | $26,667 | $26,667 | $26,667 | $26,667 |
| Managers | 0% | $11,250 | $11,250 | $11,250 | $11,250 | $11,250 | $11,250 | $11,250 | $11,250 | $11,250 | $11,250 | $11,250 | $11,250 |
| Mechanics | 0% | $262,500 | $262,500 | $262,500 | $262,500 | $262,500 | $262,500 | $262,500 | $262,500 | $262,500 | $262,500 | $262,500 | $262,500 |
| Customer Service Associates | 0% | $22,500 | $22,500 | $22,500 | $22,500 | $22,500 | $22,500 | $22,500 | $22,500 | $22,500 | $22,500 | $22,500 | $22,500 |
| Sales & Administrative | 0% | $36,667 | $36,667 | $36,667 | $36,667 | $36,667 | $36,667 | $36,667 | $36,667 | $36,667 | $36,667 | $36,667 | $36,667 |
| Total People | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | 120 | |
| Total Payroll | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | |
| General Assumptions | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Tax Rate | 30.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pro Forma Profit and Loss | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | |
| Direct Cost of Sales | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | $327,500 | |
| Gross Margin | $467,500 | $467,500 | $467,500 | $467,500 | $467,500 | $467,500 | $467,500 | $467,500 | $467,500 | $467,500 | $467,500 | $467,500 | |
| Gross Margin % | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% | |
| Expenses | |||||||||||||
| Payroll | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | |
| Sales and Marketing and Other Expenses | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | |
| Depreciation | 15% | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 |
| Utilities | 5% | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 |
| Payroll Taxes | 15% | $53,938 | $53,938 | $53,938 | $53,938 | $53,938 | $53,938 | $53,938 | $53,938 | $53,938 | $53,938 | $53,938 | $53,938 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $425,871 | $425,871 | $425,871 | $425,871 | $425,871 | $425,871 | $425,871 | $425,871 | $425,871 | $425,871 | $425,871 | $425,871 | |
| Profit Before Interest and Taxes | $41,629 | $41,629 | $41,629 | $41,629 | $41,629 | $41,629 | $41,629 | $41,629 | $41,629 | $41,629 | $41,629 | $41,629 | |
| EBITDA | $51,629 | $51,629 | $51,629 | $51,629 | $51,629 | $51,629 | $51,629 | $51,629 | $51,629 | $51,629 | $51,629 | $51,629 | |
| Interest Expense | $2,495 | $2,448 | $2,401 | $2,353 | $2,305 | $2,256 | $2,207 | $2,157 | $2,108 | $2,057 | $2,007 | $1,956 | |
| Taxes Incurred | $11,740 | $9,795 | $9,807 | $9,819 | $9,831 | $9,843 | $9,856 | $9,868 | $9,880 | $9,893 | $9,906 | $9,918 | |
| Net Profit | $27,394 | $29,386 | $29,421 | $29,457 | $29,493 | $29,530 | $29,567 | $29,604 | $29,641 | $29,679 | $29,717 | $29,755 | |
| Net Profit/Sales | 3.45% | 3.70% | 3.70% | 3.71% | 3.71% | 3.71% | 3.72% | 3.72% | 3.73% | 3.73% | 3.74% | 3.74% | |
| Pro Forma Cash Flow | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Sales | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | |
| Subtotal Cash from Operations | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Received | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | $795,000 | |
| Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | $359,583 | |
| Bill Payments | $23,609 | $697,865 | $396,030 | $395,994 | $395,958 | $395,922 | $395,885 | $395,849 | $395,812 | $395,774 | $395,737 | $395,699 | |
| Subtotal Spent on Operations | $383,192 | $1,057,448 | $755,613 | $755,577 | $755,541 | $755,505 | $755,469 | $755,432 | $755,395 | $755,358 | $755,320 | $755,282 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Principal Repayment of Current Borrowing | $4,377 | $4,414 | $4,450 | $4,487 | $4,525 | $4,562 | $4,601 | $4,639 | $4,677 | $4,716 | $4,756 | $4,796 | |
| Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Long-term Liabilities Principal Repayment | $1,220 | $1,231 | $1,241 | $1,251 | $1,262 | $1,272 | $1,283 | $1,293 | $1,304 | $1,315 | $1,326 | $1,337 | |
| Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Purchase Long-term Assets | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | |
| Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Spent | $433,789 | $1,108,093 | $806,304 | $806,315 | $806,328 | $806,339 | $806,353 | $806,364 | $806,376 | $806,389 | $806,402 | $806,415 | |
| Net Cash Flow | $361,211 | ($313,093) | ($11,304) | ($11,315) | ($11,328) | ($11,339) | ($11,353) | ($11,364) | ($11,376) | ($11,389) | ($11,402) | ($11,415) | |
| Cash Balance | $461,211 | $148,118 | $136,814 | $125,498 | $114,170 | $102,830 | $91,478 | $80,114 | $68,738 | $57,349 | $45,947 | $34,532 | |
| Pro Forma Balance Sheet | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | $100,000 | $461,211 | $148,118 | $136,814 | $125,498 | $114,170 | $102,830 | $91,478 | $80,114 | $68,738 | $57,349 | $45,947 | $34,532 |
| Inventory | $50,000 | $360,250 | $360,250 | $360,250 | $360,250 | $360,250 | $360,250 | $360,250 | $360,250 | $360,250 | $360,250 | $360,250 | $360,250 |
| Other Current Assets | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 |
| Total Current Assets | $200,000 | $871,461 | $558,368 | $547,064 | $535,748 | $524,420 | $513,080 | $501,728 | $490,364 | $478,988 | $467,599 | $456,197 | $444,782 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $350,000 | $395,000 | $440,000 | $485,000 | $530,000 | $575,000 | $620,000 | $665,000 | $710,000 | $755,000 | $800,000 | $845,000 | $890,000 |
| Accumulated Depreciation | $0 | $10,000 | $20,000 | $30,000 | $40,000 | $50,000 | $60,000 | $70,000 | $80,000 | $90,000 | $100,000 | $110,000 | $120,000 |
| Total Long-term Assets | $350,000 | $385,000 | $420,000 | $455,000 | $490,000 | $525,000 | $560,000 | $595,000 | $630,000 | $665,000 | $700,000 | $735,000 | $770,000 |
| Total Assets | $550,000 | $1,256,461 | $978,368 | $1,002,064 | $1,025,748 | $1,049,420 | $1,073,080 | $1,096,728 | $1,120,364 | $1,143,988 | $1,167,599 | $1,191,197 | $1,214,782 |
| Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Current Liabilities | |||||||||||||
| Accounts Payable | $0 | $684,664 | $382,830 | $382,795 | $382,761 | $382,726 | $382,690 | $382,655 | $382,619 | $382,583 | $382,547 | $382,510 | $382,473 |
| Current Borrowing | $55,000 | $50,623 | $46,209 | $41,759 | $37,272 | $32,747 | $28,185 | $23,584 | $18,945 | $14,268 | $9,552 | $4,796 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Subtotal Current Liabilities | $55,000 | $735,287 | $429,039 | $424,554 | $420,033 | $415,473 | $410,875 | $406,239 | $401,564 | $396,851 | $392,099 | $387,306 | $382,473 |
| Long-term Liabilities | $250,000 | $248,780 | $247,549 | $246,308 | $245,057 | $243,795 | $242,523 | $241,240 | $239,947 | $238,643 | $237,328 | $236,002 | $234,665 |
| Total Liabilities | $305,000 | $984,067 | $676,588 | $670,862 | $665,090 | $659,268 | $653,398 | $647,479 | $641,511 | $635,494 | $629,427 | $623,308 | $617,138 |
| Paid-in Capital | $250,000 | $250,000 | $250,000 | $250,000 | $250,000 | $250,000 | $250,000 | $250,000 | $250,000 | $250,000 | $250,000 | $250,000 | $250,000 |
| Retained Earnings | ($5,000) | ($5,000) | ($5,000) | ($5,000) | ($5,000) | ($5,000) | ($5,000) | ($5,000) | ($5,000) | ($5,000) | ($5,000) | ($5,000) | ($5,000) |
| Earnings | $0 | $27,394 | $56,780 | $86,201 | $115,659 | $145,152 | $174,682 | $204,249 | $233,853 | $263,494 | $293,173 | $322,889 | $352,645 |
| Total Capital | $245,000 | $272,394 | $301,780 | $331,201 | $360,659 | $390,152 | $419,682 | $449,249 | $478,853 | $508,494 | $538,173 | $567,889 | $597,645 |
| Total Liabilities and Capital | $550,000 | $1,256,461 | $978,368 | $1,002,064 | $1,025,748 | $1,049,420 | $1,073,080 | $1,096,728 | $1,120,364 | $1,143,988 | $1,167,599 | $1,191,197 | $1,214,782 |
| Net Worth | $245,000 | $272,394 | $301,780 | $331,201 | $360,659 | $390,152 | $419,682 | $449,249 | $478,853 | $508,494 | $538,173 | $567,889 | $597,645 |
