This tire retailer business plan template has 28 pages and is a MS Word file type listed under our business plan kit documents.
Sample of our tire retailer business plan template:
Confidentiality Agreement The undersigned reader acknowledges that the information provided by [YOUR COMPANY NAME] in this business plan is confidential; therefore, reader agrees not to disclose it without the express written permission of [YOUR COMPANY NAME]. It is acknowledged by reader that information to be furnished in this business plan is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader may cause serious harm or damage to [YOUR COMPANY NAME]. Upon request, this document is to be immediately returned to [YOUR COMPANY NAME]. ___________________ Signature ___________________ Name (typed or printed) ___________________ Date This is a business plan. It does not imply an offering of securities. 1.0 Executive Summary 1 Chart: Highlights 1 1.1 Objectives 1 1.2 Mission 1 1.3 Keys to Success 2 2.0 Company Summary 2 2.1 Company Ownership 2 2.2 Company History 3 Table: Past Performance 3 Chart: Past Performance 4 3.0 Products and Services 4 4.0 Strategy and Implementation Summary 4 4.1 SWOT Analysis 4 4.1.1 Strengths 4 4.1.2 Weaknesses 4 4.1.3 Opportunities 5 4.1.4 Threats 5 4.2 Competitive Edge 5 4.3 Sales Strategy 5 4.3.1 Sales Forecast 5 Table: Sales Forecast 5 Chart: Sales Monthly 6 Chart: Sales by Year 6 4.4 Milestones 7 Table: Milestones 7 5.0 Management Summary 7 5.1 Personnel Plan 7 Table: Personnel 7 6.0 Financial Plan 8 6.1Break-even Analysis 8 Table: Break-even Analysis 8 Chart: Break-even Analysis 8 6.2 Projected Profit and Loss 9 Table: Profit and Loss 9 Chart: Profit Monthly 10 Chart: Profit Yearly 10 Chart: Gross Margin Monthly 11 Chart: Gross Margin Yearly 11 6.3 Projected Cash Flow 12 Table: Cash Flow 12 Chart: Cash 13 6.4 Projected Balance Sheet 14 Table: Balance Sheet 14 6.5 Business Ratios 15 Table: Ratios 15 Table: Sales Forecast 1 Table: Profit and Loss 2 Table: Cash Flow 3 Table: Balance Sheet 5 1.0 Executive Summary [YOUR COMPANY NAME] is a tire retailer and repair shop located in [YOUR CITY], [YOUR STATE/PROVINCE]. This business plan projects sales, profits, personnel changes, balances, and the nature of our expansion over the course of the next three years of business. This projection includes the $250,000 in funding sought, which will be instrumental in helping us to achieve our objectives. As a well-established business (since 1985), our expansion will benefit us as much as it does the local community, with whom we have created a loyal clientele. Chart: Highlights 1.1 Objectives [YOUR COMPANY NAME] currently sells and repairs commercial automobile tires and small tractor tires. While these services are very necessary, it would be very much to the benefit of our company to being selling and repairing large tractor tires for specialty vehicles. This includes mobilizing some components of [YOUR COMPANY NAME] meaning that our representatives will need to be able to travel to nearby locations for on-site tire changes and repairs. Because large tractor tires are difficult to transport, and the transportation of the vehicles is even more difficult, mobility has the potential to be a crucial asset that construction companies and large farms will notice and appreciate. 1.2 Mission [YOUR COMPANY NAME] is a retailer that combines the utility of specialized knowledge with the personalized service of a family-owned business. Our mission is to represent both our store and ourselves. In doing so, we hope that every customer remembers us as fair, diligent, and reliable. 1.3 Keys to Success The Keys to success for [YOUR COMPANY NAME] are: good service - The fair and conscientious treatment of the customer is a fundamental component to the success of any retailer. longevity - [YOUR COMPANY NAME] has been in business since 1985, which means that we have a substantial presence in [YOUR CITY] and throughout [YOUR STATE/PROVINCE]. expansion - By increasing the size of our inventory and the span of that inventory (including the addition of large tractor tires), [YOUR COMPANY NAME] hopes to perpetuate its business for many years to come. 2.0 Company Summary [YOUR COMPANY NAME] has been in business since 1985 and is owned and managed by INSERT NAME, the company founder. Having been in business for 24 years, INSERT NAME has been able to establish a very loyal clientele of consumers, local electric companies, water districts, and farmers. 2.1 Company Ownership [YOUR NAME] is the company's sole proprietor of [YOUR COMPANY NAME]. 2.2 Company History The past performance table shows sales, assets, liabilities, capital, and operating expenses for [YOUR COMPANY NAME] for the most recent two of our 24 years in business, having started in 1985. Because the company is currently in the middle of the year 2010, financials cannot be accurately accounted for. Table: Past Performance Past Performance 2008 2009 Sales $139,029 $136,773 Gross Margin $42,891 $39,841 Gross Margin % 30.85% 29.13% Operating Expenses $43,970 $53,823 Inventory Turnover 1.37 1.34 Balance Sheet 2008 2009 Current Assets Cash $3,242 $2,375 Inventory $70,000 $75,000 Other Current Assets $150,000 $150,000 Total Current Assets $223,242 $227,375 Long-term Assets Long-term Assets $0 $0 Accumulated Depreciation $0 $0 Total Long-term Assets $0 $0 Total Assets $223,242 $227,375 Current Liabilities Accounts Payable $0 $0 Current Borrowing $0 $0 Other Current Liabilities (interest free) $0 $0 Total Current Liabilities $0 $0 Long-term Liabilities $80,000 Total Liabilities $0 $80,000 Paid-in Capital $10,000 $7,000 Retained Earnings $214,321 $154,357 Earnings ($1,079) ($13,982) Total Capital $223,242 $147,375 Total Capital and Liabilities $223,242 $227,375 Other Inputs Payment Days 30 30 Chart: Past Performance 3.0 Products and Services [YOUR COMPANY NAME] sells and repairs tires for consumer automobiles as well as for commercial vehicles. Sales and repairs currently take place within the store, but we hope to mobilize our services, which will especially benefit the owners of large commercial vehicles. 4.0 Strategy and Implementation Summary [YOUR COMPANY NAME] plans to implement its plan for expansion by using the funding we seek to purchase a truck that will allow for mobile service and by purchasing specialty tires that we do not currently have the funds to purchase. These specialty tires have been asked of us by loyal clients, and so we know that past customers, such as local farmers, will greatly benefit from this expansion. 4.1 SWOT Analysis A SWOT Analysis is a breakdown of the strengths, weakness, opportunities, and threats that [YOUR COMPANY NAME] has had and will have in the future. 4.1.1 Strengths Our strengths are longevity and the fairness of our pricing. 4.1.2 Weaknesses Economic factors are a pivotal weakness. As retailers, we depend upon the income of consumers. 4.1.3 Opportunities With the $250,000 in funding sought, [YOUR COMPANY NAME] will have the opportunity to increase its inventory (in both size and range), procure a service truck for mobile service, and hire more employees. 4.1.4 Threats The major threat to [YOUR COMPANY NAME] is an exaggerated form of our weakness, which is economic downtown. If a dip in the economy is our weakness, then a depression is a threat, as it would be to any other retailer. 4.2 Competitive Edge Our competitive edge is in our locally established name. A future competitive edge will be in the mobility of our service. 4.3 Sales Strategy Our fair pricing and small-business demeanor appeal to customers. Because tires are purchased out of necessity and not recreation, it is not difficult to close a deal with a customer, which makes our job more about finding the right product for the right consumer. 4.3
