The task of changing the oil in a car is one that every car owner will have to undertake at some point. While it is a relatively simple process, many car owners do not want to take the time to do it or do not want to get their hands dirty. Because of this, many car owners are willing to pay someone else to do it for them. Starting your own quick lube business can provide a way to help customers and charge a fair price for the service you give.
Step 1
Make a business plan for your quick lube business. In the business plan, you should include information about what type of services you plan to offer and what will separate you from the competition. You should also include information about any other oil change businesses in the area and how they will impact yours. Make some financial projections such as a sample income statement, balance sheet and statement of cash flows. You should also include information about whether you will buy into a franchise or start an independent quick lube business.
Step 2
Get the money you need to get started with your business. Borrow the money from a commercial lender, bring on investors in the business or both. You can talk to your friends and family members to see if anyone is interested in investing. Investors and lenders will need to see a copy of your business plan before making a decision, in most cases. ....
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