Writing a used car dealership business plan? It's wise to do so before seeking funding, starting out, or expanding, so you have your plans mapped out and get an idea of how financially viable your used car dealership will be. Thanks to the recession, pre-owned vehicles are more attractive to Americans than brand new ones that will instantly depreciate. U.S. consumers are looking for the best deals, which is where your opportunity lies. Despite the economic downturn, people still need to drive - and it's easy to rationalize that a used car is a more prudent purchase than a new one.
A used car dealership business plan will typically answer some of these questions:
• What specifically will generate the bulk of your revenue? Will you specialize in specific manufacturers? What about add-on products or services?
• Who do you envision as your target customer? Think income, gender, marital status, age, and characteristics like that. How many of those people live nearby?
• What advertising and marketing methods will you use to reach those people? Radio, internet, print ads, social media, etc.?
• Have you run a used car dealership before, and if not, are you hiring someone who has? Do you have any experience running a start-up business?
• What's the total amount of funding you're seeking, and how does that break down?
A used car dealership business plan will typically also include detailed financial forecasts for the first few years. To get a used car dealership business plan in as little as five days, call MasterPlans. We're professional business plan writers and the only Inc. 500-rated business plan company! 877-453-2011
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