Automobile Restoration Business Plan

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Phaethon's Chariot Restorations

Management Summary

Phaethon’s Chariot Restorations is currently made up of two employees who will put in a standard 40 hours of work per week, we intend that our shop will use no sub-contractors, and will hire new people as the volume of work demands.

7.1 Personnel Plan

All work is produced by our restoration staff and one shop foreman. All employees put in full 40-hour weeks. Additional technicians will be added where necessary and in line with success in penetrating the plan’s target market. By the end of March 2005, it is assumed that increased business volume will require two techs to put in a full 40-hour week. By the end of June 2005, increased volume will require hiring a new painter / body man working a 30-hour/week, and increasing to 40 hour/week by end of September. By the end 2006, Phaethon’s Chariot Restorations will have five techs working full-time. It is assumed that a sixth tech will be added in either FY 2007 or 2008, depending on demand volume.

Personnel Plan
Year 1 Year 2 Year 3
Owner $21,000 $40,000 $45,000
Foreman $17,400 $22,400 $30,000
Sheet Metal & Body Technician(s) $12,831 $45,000 $50,000
Automotive Mechanic(s) $15,162 $52,000 $58,000
Painting Technician $6,750 $24,000 $27,000
Admin Asst. $9,000 $20,800 $22,800
Total People 6 8 8
Total Payroll $82,143 $204,200 $232,800

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