Automotive Repair Shop SWOT
In this discussion, we are
going to focus on the development of an automotive repair shop SWOT analysis for
a SBA loan. One of the nicest things automotive repair shops is that they tend
to do well in any economic climate. This is primarily due to the fact that most
do not know how to fix their own cars, and as such they require the assistance
of a professional that knows how to put together a quality repair service that
can remedy any issue for a domestic vehicle. In your automotive repair shop SWOT
analysis you're going to want to focus on the strengths, weaknesses,
opportunities, and threats are associated with this business. Drafting a SBA
loan focused business plan for your automotive repair shop then this analysis
should appear towards the end of your business plan and act as a summary of
everything he discussed throughout that document.
First, you're going to want to
discuss the strength associate with your automotive repair shop. Foremost,
beyond being a meeting from negative economic changes, automotive repair shops
generate extremely high gross margins that can be used in conjunction with
operating expenses while servicing the SBA loan debt. Additionally, Marcos
margins are generated from the ongoing sale of automotive parts their use in
conjunction with automotive services.
Very common within this type of
analysis, is a discussion that pertains to your ability as an entrepreneur, your
experience as a mechanic, how you intend to operate his business on a day-to-day
basis, and how you intend to expand the business as time progresses.
If anyone focus on the
weaknesses that are associated with this type of business. When the primary
problems that automotive repair shop businesses face as relates to their
weaknesses is that there is only see tremendous competition from other
automotive repair shops as well as pickup services that provide on-site
assistance. Additionally, there are number of gas stations that also have
automotive repair functionality on their site. As such, it is important for you
to use heavily showcases fact when you are presenting you were automotive repair
SWOT analysis to a SBA loan officer.
Next, you're going to want to
discuss the opportunities associated with your business. This includes
discussing how you can increase the number of mechanics that work for you,
increase your automotive repair services to include automotive performance
enhancing services, in expanding the number of locations that you own and
Finally, you may want to
discuss the effects are associated with your business as it relates to your
economic viability for obtaining an SBA loan. Most importantly, you're going to
want to focus on increasing energy costs as it relates to less people driving
and therefore requiring less repair to their vehicles. However, the should have
only a modest impact on your ability to generate profits and losses and should
not all be viewed as a men's threat to your business.
In summation, automotive repair
shops are excellent businesses to operate as it relates to be an economically
viable candidate for a SBA loan and also being able to generate highly
protectable profits from your operations.