Car servicing remains one of the most promising small businesses. The article compares the hurdles of starting from scratch with taking over an existing workshop.
Service stations, car washes and tyre shops remain among the most promising small businesses despite growing competition and economic swings. The key question for an entrepreneur is whether to buy an existing business or build a new one.
Starting from scratch involves several challenges:
- Writing a business plan and, if needed, attracting investors
- Finding, leasing or buying land and obtaining permits
- Securing a building, expensive equipment and skilled staff
- Running a substantial marketing campaign to win customers
According to the article, the cost of a new station cannot be given as a single figure, as it depends on the services offered, building design and location, and staff qualifications.