Starting Your Own Wheel Repair Business
Starting a new business can be daunting, and with so much to decide and finalize before going public, you might find yourself feeling a little overwhelmed at the prospect. However, if you work through these tips you should be on your way to startup success.
You don’t have to be one hundred percent prepared to launch a business. The real world rewards those who get stuff done. Get to work as soon as you can. Start as small as possible, giving a minimum viable product to early users, and let them test it out. Then a few more people.
When you try to do something massive at launch, you make it less likely that you’ll actually start, and you’ll take forever to launch, and you’ll build yourself up for failure, and you’re building something massive without any idea of whether it works or if people like it. Take action, one step at a time.
The launch is just one moment in the lifespan of a successful business, and it’s not even one of the most important moments. The real challenge isn’t getting started but staying in business.
The rim repair business
There are essentially two parts to this business. One: repair rims that have been damaged to the point where driving performance is affected, and the other: removes cosmetic scratches and other nicks from the rim. Mag repair services often give a price range when advertising their services this is because some rims will take longer to repair than others.
Everyone’s wheels will need refurbishing at some point
It doesn’t matter if vehicle owners spend hours each weekend cleaning their autos. Things like brake pad dust and rocks from the road can damage wheels. The only way to avoid not having damaged wheels is by never driving your auto!
Of course, most people buy cars, trucks and other vehicles to drive them each day. And a good percentage of those folks want to keep their vehicles looking great. Rather than buying a set of new wheels, it’s cheaper to have existing ones refurbished.
Irrespective of today’s economic events, you’ll always have a regular supply of customers. When you start a business, that’s the thing you need to bank on!
The main machine used to repair mags is usually called a “rim straightener” some rim straightener come with polish and clean attachments so both services can be done. Although some places specialize in one or the other and even offer further cosmetic services such as recoating the rims.
You don’t need lots of stuff
To set up a professional alloy wheel repair business, you will need the following:
- Suitable commercial or industrial premises;
- Dust extraction system;
- Wheel washer machine or technology;
- Welding machine;
- Rim straightener machine;
- Painting (or powder coating) boots or painting technology;
- CNC Diamond cut machine;
- Tire changer, balancer;
- You need extra wheels, tires, jacks, and other materials to conduct the repair.
If you want to open a basic workshop or just expand your existing workshop, you do not need all equipments.
Remember the saying: buy cheap, buy twice! Spend a little extra to get tools that will last you for years.
To operate the business with ease, you need to apply for a business license. Submit the requirements and pay the fees. Don’t forget to secure a license and insurance to avoid potential problems in the future.
How to Write an Alloy Wheel Repair Business Plan?
If you want to start a wheel repair business, you can ensure success if you have a detailed plan to follow. You should also possess adequate knowledge about the business and have the skills to conduct wheel repair.
In the US and of course, in most developed countries of the world, you will find a lot of car owners paying attention to their alloy wheels. In most cases, they spend more to ensure that their alloy wheels are glittering or in proper shape as though it is just being rolled out from the factory. This goes to show that those who repair alloy wheels will never run out of business. You can as well join the party by starting your own mobile alloy wheel repair business.
In as much as this is a profitable business venture, but you should know that the demand for alloy wheel repair services usually declines during the economic recession due to declining household spending on maintenance of automobiles especially body-related repair. As the economy grows, and income increases, there will be a corresponding increase in the demand for alloy wheel repair services.
So, if you want to start your own alloy wheel repair business, then you should ensure that you carry out feasibility studies and a market survey. The business plan is yet another very important business document that you should not take for granted when launching your own business.
Here is a complete sample alloy wheel repair business plan template & feasibility report you can use for FREE.