Information on Business:
Basics:
This business is excellent for those who enjoy working with vehicles. You will be helping those car owners keep their cars for longer and as authentic as possible. People are willing to pay to have the exact fuel filter type for that 1985 Corvette as it came from the factory. You will make sure that exact part is found and refurbished or that it is rebuilt to work as if was new. You should already have extensive experience doing this type of work in order to have a profitable business.
To Get Started:
First you should have a love for this type of work. You should also have a good understanding of how to market, price, sell and bill for businesses. You should already have most of the tools for performing this work. Due to the experience and tools necessary for the job figure on spending $30,000 to $50,000 to attain these, which also includes a garage to work in. You should market to car aficionados in auto shows, auto magazines, online, and yellow pages, you should also market to car restoration services and auto reconditioning services. There is an additional market you could work with auto repair garages as these will require basic replacement parts such as oil pumps, alternators, and fuel pumps for their service. You should be able to charge $50 to $60 or more per job depending on how specialized the job is.
Tips:
It is mandatory to have a love of autos and have excellent mechanical skills and good business management skills to make this type of business succeed. You should be able to run this business from home as long as the facilities are at home. This business is not ideal for those with disabilities as the work involved is both highly physical and mentally demanding. You should not require a staff since most of the work can be done on your own. Keep an eye out for materials costs and equipment repair costs which can get out of hand. For additional information do a search for Automotive Parts Rebuilders Association and CoreSupply.
Definition:
A business that rebuilds and/or reconditions automotive replacement parts for individulas and groups of people.
Revenue Range:
$30,000 to $50,000 per year
Education and Training Required:
Above average business management skills. Extensive experience with rebuilding, superior mechanical aptitude and ability
Equipment Required:
Automotive replacement parts, automotive repair tools, equipment to diagnose parts.
