Because of the high cost of cars today, most people want to make sure that their vehicles last as long as possible. One of the ways to do this is by making sure that the oil is changed regularly. This is actually one of the best ways to make money in the field of automotive care today. Although the business will require some funding to set up, the rewards in terms of profit can be great once you have your business up and running. Here’s how you can start an oil change business.
- Franchise options. First of all, you should consider franchising your oil change business. One of the advantages of franchises is that you already have a support network to back you up, and you already have advertisement in the form of the name of the franchising company. If you choose to get a franchise from Valvoline, for instance, the Valvoline group can help you set up your business and all advertisements for Valvoline will work as advertisements for your oil change business as well. Keep in mind, however, that there are tough franchise fees to consider if you are getting franchises.
- Business plan. Next, you will need to create a business plan. Remember, an oil change business requires funding, and possibly franchise. The first step to any of these is making sure that you have a solid business plan that you can use to get approval for both funding and franchise license. Make sure that you have a business plan that is detailed but comprehensive enough to outline all of the steps and process that you need to undergo in order for you to be able to launch the oil change business. Use the business plan to apply for loans in the bank, once it is drafted.
- Location and construction. Next, you will need to determine the location. As much as possible, you should purchase land, but if this is not an option yet, you should simply consider leasing land. Make sure that the location is accessible for motorists, and that there is enough room in the location for you to add other facilities in the future, such as a place where people can get a car wash. Make sure that you hire reliable construction companies that have done oil change facilities before. Remember, an oil change facility is a specialized building that not all contractors can create.
- Staff and supplies. Once you have the actual building, you need to start finding materials that are necessary for running the oil change business. If you have decided to franchise, the franchise company can give you the name of suppliers. Otherwise, you will need to find suppliers on your own. Make sure that you get supplies from the most competitive supplier who offers high quality supplies at low prices. Also find staff that will work for you by posting job opening advertisements.
In a country where most people own cars, an oil change business is a great way to make money. With these ideas in mind, you should be able to start your own oil change business.