If YES, here is a complete sample car hauling business plan template & feasibility Car hauling services companies are part of the automobile towing industry and transportation infrastructure of the Mid-Atlantic and New England regions. of the population using automotive vehicles as a primary means of transportation.
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- A Sample Car Hauling Business Plan Template
- A Sample Car Hauling Business Plan Template | ProfitableVenture
It is important to point out that a car hauling business is one the businesses that may not go out of fashion simply because of the role it plays in the auto industry. Depending on the scale you want to start, the startup capital for this type of business can be considered to be moderate. As a matter of fact, you can start your own car hauling services business as a one man show and then grow it big within a short period of time by reinvesting your profits back to the business. If you are sure this type of business is what you want to do after you must have undertaken your feasibility studies and market research, the next step is to write a decent business plan.
It is one thing to have a fantastic idea cum business plan, and it is entirely another thing for the business plan to translate to profits, that is why it is important to assemble a team of dedicated workers if you want to be successful with your car hauling business. Below is a sample car hauling business plan template that will help you successfully write yours without much stress. Car hauling services companies are part of the automobile towing industry and players in this industry generally tow light or heavy vehicles over short and long distances.
Car hauling services companies may also provide incidental services such as storage and emergency road repair services. As a matter of fact, car hauling services companies can be found in all parts of the world as long as there are automobiles there.
If you are a close watcher of the Automobile Towing industry, you may agree that the industry has kept on tagging along. As the economy of the United States continues to improve, as individuals returned to work and disposable income started to rise, more consumers felt comfortable driving on their own as opposed to carpooling or taking public transportation. It is a known fact that when more cars are on the road, the chances of an accident or need for roadside assistance rises, hence increasing demand for car hauling services. Going forward, the revenue generated in the industry will continue to increase positively.
The Automobile Towing Industry is indeed a large industry and pretty much active in all the countries of the world. The industry is projected to grow at 2. It is important to state no company has a lion share of the available market share in the industry.
A recent report released by IBISWorld shows that industry establishments are generally located in regions with relatively high population and vehicle concentrations, notably the Southeast and West regions. The report further stated that the Automobile Towing industry is a needs-based industry and companies typically locate where there is the highest concentration of drivers and a lack of public transportation.
The report also shows that the Southeast region is home to the largest concentration of population relative to any other region in the nation. This region lacks the public transportation infrastructure of the Mid-Atlantic and New England regions.
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Therefore, industry operators located here take advantage of a large proportion of the population using automotive vehicles as a primary means of transportation. This region accounts for about Lastly, the automobile towing industry is pretty much open for aspiring entrepreneurs to launch their business in the industry. One good thing about car hauling business is that the business can be opened in any part of the United States with just one car hauling truck and if proper market survey and feasibility studies are conducted, then you can be rest assured of the profitability of the business.
We will provide essential services to the United States by moving broken down, improperly parked, impounded, or otherwise indisposed cars away from to the road so as to avoid obstruction of free flow of traffic. We will ensure that we put standard structures and processes in place that will enable us meet and surpass our business goals and also stay highly competitive in the industry. Our customers and potential customers alike can be rest assured that they will get quality services at competitive rates when they hire our services.
We will go the extra mile to ensure the safety of cars under our care and that our customers get value for their money. We will only put towing trucks that are in top shape on the road, and all our towing truck drivers will be trained to be courteous, friendly and to abide by the rules and regulations of the industry.
A Sample Car Hauling Business Plan Template
This might look too tall a dream but we are optimistic that this will surely come to pass because we have done our research and feasibility studies and we are enthusiastic and confident that Nashville — Tennessee is the right place to launch our towing truck business. Robert Crowther has a Diploma in Transport and Logistics with over 9 years of hands on experience working for some of the leading brands in the transport and logistics industry in the United States of America. We want to be known as the car hauling company that truly cares for her customers. The chips have a very narrow range of temperature and humidity parameters that must be maintained.
In addition to these unusual requirements, there are other specific needs that silicon chip companies have. By specializing on silicon chips as their only cargo, SFB will quickly gain market share and be known as the premier broker for chips.
The industry of chips is comprised of two distinct customers, manufacturers of chips and purchasers of chips. The manufacturers are based in the USA, however some of them produce in the States while others farm out production overseas and them import them. Steve has over 10 years of freight experience, working for several different companies. This work experience has been instrumental in allowing Steve to accurately determine the market need and meet it.
For the last seven years Wendy has been an industry consultant, working quite close with companies such as Intel. SFB will achieve market penetration by remaining laser focused on their market niche, while fully utilizing their strong management team. We exist to attract and maintain customers. When we adhere to this maxim, everything else will fall into place.
Our services will exceed the expectations of our customers.
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Silicon Freight Brokers, as the name implies, is a freight broker for the silicon chip industry. SFB has two types of customers, buyers and sellers of silicon chips. SFB is establishing relationships with carriers that specialize in this unique cargo. We will offer our customers the highest level of service. Additionally, there will be legal fees, marketing fees, accounting fees, trade association dues, and deposit for the lease. The largest expense for the office is a computer system.
The minimum requirements for this system are: The office will also require a DSL broadband connection, two land-line phones, fax machine, copier machine, and some office furniture. The legal fees are for corporate formation, and the generation and review of contracts.
The marketing fees are the costs associated with advertisements in industry journals, brochures, and website visibility generation. The accounting fees are for the services necessary for the formation of the business, while the majority of the accounting after start up will be done in-house with an accounting suite on the computer. Silicon Freight Brokers is a niche freight broker for the silicon chip industry.
SFB will provide a brokerage service to link manufacturers of silicon computer chips and the users of the chips such as Intel, Texas Instruments and Motorola with freight companies. SFB will have two types of customers: Silicon Freight Brokers will be concentrating on the freight brokerage of silicon chips. This is a small, specialized, niche of the general freight brokerage industry.
SFB is concentrating on this space for several reasons:. Silicon Freight Brokers will be focusing solely on the freight brokerage of silicon chips. There are two distinct customers in this niche market, manufacturers of the chips, and the buyers of the chips who are processor manufacturers. The manufacturers of the chips can be further broken down into two groups, those that have manufacturing facilities abroad and those in the U. Those that have facilities abroad will generally ship them to a United States ocean port, and from there they travel via truck to a processor manufacturer.
The second group of chip manufacturers, those that have facilities in the U. Although, in general, silicon chip production has shifted overseas, there are a collection of chip manufacturers still located in the States.
A Sample Car Hauling Business Plan Template | ProfitableVenture
The difference between the two types is not very significant, SFB arranges for the carrier to pick up the chips either off the boat or from the manufacturing facility. Whether SFB deals with the manufacturer or the seller is a function of the contractual terms that the buyer and seller agree to.
The chip buyers are manufacturers that use the chips in their processors. Silicon Freight Brokers is concentrating on the silicon chips niche as it is a very specialized, thriving market. By focusing in this market space, SFB will be able to offer superior service. Shipping of silicon chips requires special types of trucks that are humidity and temperature controlled.
Purchase the necessary equipment. For a regular auto transporting business, purchase at least one open car hauler.
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For a specialized auto transporting business, purchase at least one enclosed car hauler, a winch, hydraulic liftgate, and high-strength tie-down straps. Approach auto transporting brokers to be included on their subcontractors' list. This means that they can hire you to transport cargo for them. Advertise your business in local media, as well as on the Internet. If the total weight of the items transported and the vehicle is less than 26, lbs.
Not Helpful 3 Helpful Buying a new truck comes with better warranties, and generally peace of mind. The cost can be greater upfront in this case, however, you are getting a "new" tool or instrument that is going to create revenue. If your business flounders before the new vehicle is paid off, though, you are stuck with it.
Starting a business with a used truck can be a good idea as less capital is required and therefore less risk. However, interest rates on used vehicles can be higher, if financing is involved. It is also a good idea to know the history of what you are buying, i. Not Helpful 1 Helpful Visit every insurance auto auction and public and private auto auction in yours and surrounding states. Register with central dispatch and approach small and large dealerships and auto sales places to be considered for service.
Make contact with other haulers and transporters for tips or side jobs they may sub out to you; word-of-mouth is one of the big drivers here. Not Helpful 7 Helpful Diesel due to the difference in torque and the longevity of the drivetrain. The torque from a diesel engine will usually be double that of a gas engine. Not Helpful 0 Helpful What diesel truck and 3 car trailer will be sufficient to help me start a car hauling business?
The industry standard seems to be Rams with the Cummins diesel. Also Kaufmen makes a very good 3 car wedge trailer. Not Helpful 9 Helpful I want to use my 4 wheel drive Suburban to tow a single car; do I need a commercial drivers license? In Texas, no, because you are towing less than 26k lbs. I think this is standard for most states.
Not Helpful 0 Helpful 9. What type of license is needed to haul 3 to 5 cars using a heavy duty pick up truck? On the truck, it will be located on a sticker that's usually on the driver's door jam, and on the trailer, it will be on the license plate. Not Helpful 0 Helpful 4.