Custom Car Shop Business Plan Template

Written by Dave Lavinsky

Custom Car Shop Business Plan Template
Table of Contents
Table of Contents

If you’re looking to create a custom car shop business plan, you’ve come to the right place!

Over the past 25 years, the PlanPros team has helped over 1 million entrepreneurs and business owners write business plans….and many of them have started and grown successful custom car shop businesses. Our custom car shop business plan example below is sure to help you!

Custom Car Shop Business Plan Example

Below is our custom car shop business plan template and sample plan created using our business plan generator:

I. Executive Summary

Company Overview

At Elite Motor Customization, we specialize in transforming standard vehicles into personalized masterpieces that reflect the unique styles and preferences of our clients. Based in Cedar Rapids, IA, our services range from performance enhancements to aesthetic modifications, utilizing the latest technologies and customization techniques. Our mission is to offer high-quality, innovative solutions tailored to each client’s desires, ensuring their vehicle stands out on the road. As a team of skilled mechanics and technicians, we are dedicated to turning automotive dreams into reality, focusing on quality, customer satisfaction, and the art of vehicle customization.

Success Factors

Our success hinges on several key factors and notable accomplishments. Firstly, our strategic location in Cedar Rapids, IA, allows us to tap into a diverse market of car enthusiasts and businesses looking for high-quality customization services. Secondly, our team’s expertise in the latest customization techniques and technologies sets us apart from competitors. To date, we have successfully completed multiple high-profile projects, securing contracts with local businesses for fleet customization and establishing a strong initial customer base. Our focus on customer satisfaction, innovative solutions, and quality workmanship positions us for continued growth and success in the automotive customization industry.

Industry Analysis

The automotive customization industry is experiencing significant growth, driven by increasing consumer desire for personalized vehicles and advancements in customization technologies. As individuals seek to express their personalities through their cars, the demand for bespoke customization services is on the rise. Additionally, the industry benefits from a vibrant ecosystem of suppliers and technological innovators, making more sophisticated customization options feasible and accessible. Elite Motor Customization is well-positioned in this dynamic industry, capitalizing on emerging trends such as eco-friendly modifications and digital customization previews to meet the evolving needs of our target market.

Customer Analysis

Our primary customer base includes local residents passionate about car customization, car enthusiasts and collectors, and businesses looking to customize their corporate fleets in Cedar Rapids. These segments view vehicle customization as a means to express individuality, enhance performance, and elevate brand image. Understanding these varied motivations allows us to tailor our services to each client’s specific needs, ensuring their vehicle not only meets their practical requirements but also stands out as a statement of their personal or brand identity. Our close collaboration with clients throughout the customization process ensures the final product precisely reflects their vision, setting us apart in the market.

Competitive Analysis

Our main competitors in the Cedar Rapids area include established auto shops offering standard customization services. However, our competitive edge lies in our specialized focus on high-end, innovative customization solutions, and our commitment to quality and customer satisfaction. By leveraging the latest technologies and employing a team of skilled professionals passionate about automotive customization, we offer a level of service and creativity that sets us apart from our competitors, making Elite Motor Customization the go-to destination for clients seeking truly personalized vehicles.

Marketing Plan

Our marketing strategy revolves around showcasing our unique value proposition: top-tier customization services that transform vehicles into personalized expressions of style and performance. We offer a comprehensive range of products and services, competitively priced to cater to a diverse clientele, from car enthusiasts to corporate fleets. Promotions will focus on engaging potential customers through social media, local advertising, participation in car shows, and strategic partnerships. By highlighting our past projects and client testimonials, we aim to build brand awareness and establish a reputation as industry leaders in innovative vehicle customization.

Operations Plan

Key operational processes include securing a strategic location in Cedar Rapids, obtaining necessary permits and licenses, setting up the custom car shop with the required equipment, and assembling a team of skilled professionals. We are committed to launching our services with a strong foundation, ensuring all aspects of the business from customer service to the quality of customization meet our high standards. Our milestones are geared towards building a solid operational framework that supports efficient service delivery, high customer satisfaction, and sustainable growth, with objectives like reaching $15,000/month in revenue and establishing a strong online presence.

Management Team

Our management team is comprised of experienced professionals with diverse backgrounds in automotive customization, business management, and customer service. This blend of skills ensures not only the highest quality of workmanship but also effective business operations and exceptional customer experiences. Each member brings a wealth of knowledge and a shared passion for automotive excellence, positioning Elite Motor Customization for success in the competitive landscape of vehicle customization.

Financial Plan

To achieve our growth goals, Elite Motor Customization is seeking strategic investments to enhance our service offerings, expand our market reach, and strengthen our operational capacities. These funds will be pivotal in ensuring we have the resources necessary to capitalize on market opportunities, innovate our services, and sustain our competitive edge in the automotive customization industry.


Below is an overview of our expected financial performance over the next five years:

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $4,328,294 $4,686,808 $5,075,017 $5,495,381 $5,950,565
Direct Expenses $2,078,569 $2,184,463 $2,295,751 $2,412,709 $2,535,625
Gross Profit $2,249,725 $2,502,345 $2,779,266 $3,082,672 $3,414,939
Gross Profit (%) 52% 53.4% 54.8% 56.1% 57.4%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $2,152,639 $2,402,314 $2,676,200 $2,976,480 $3,305,525
Depreciation $33,000 $33,000 $33,000 $33,000 $33,000
Amortization $0 $0 $0 $0 $0
Interest Expense $24,500 $24,500 $24,500 $24,500 $24,500
Income Tax Expense $733,298 $820,684 $916,545 $1,021,643 $1,136,808
Net Income $1,361,840 $1,524,129 $1,702,155 $1,897,337 $2,111,216


II. Company Overview

Elite Motor Customization is a fresh and innovative Custom Car Shop based in Cedar Rapids, IA. We’ve established our presence to fill a significant gap in the local market – the lack of high-quality custom car services. Our mission is to provide top-tier customization options for car enthusiasts who demand nothing but the best for their vehicles. As a local business, we’re committed to elevating the custom car scene in Cedar Rapids and delivering unparalleled service to our community.

At Elite Motor Customization, we offer a wide range of products and services designed to meet the diverse needs of our customers. Our offerings include custom paint jobs that stand out for their quality and variety, aftermarket body kits and parts that can transform any vehicle, custom wheels and tires for those seeking to make a statement, interior customization options to enhance comfort and style, and performance upgrades that boost the power and efficiency of your ride. Our commitment to excellence is evident in every project we undertake, ensuring your vehicle leaves our shop meeting your highest expectations.

Our shop is proudly located in Cedar Rapids, IA, where we serve a growing community of car enthusiasts. Our strategic location allows us to cater to customers within Cedar Rapids and the surrounding areas, providing them with easy access to our exceptional customization services.

Elite Motor Customization is poised for success for several reasons. Firstly, our founder brings invaluable experience from previously running a successful custom car shop, ensuring we understand the ins and outs of the business. Additionally, our commitment to quality is unmatched; we offer superior custom paints and a wider variety of products than our competitors, setting us apart in the market. This dedication to excellence is the cornerstone of our business and a key factor in our anticipated success.

Since our founding on January 2, 2024, Elite Motor Customization has reached several important milestones. We are officially registered as an S Corporation, a testament to our professional and strategic approach to business. Our achievements include the design of our distinctive logo, the development of our unique company name, and securing a prime location for our shop. These accomplishments mark just the beginning of our journey to becoming the premier custom car shop in Cedar Rapids, IA.


III. Industry Analysis

The Custom Car Shop industry in the United States is a thriving and lucrative market, with an estimated size of $7.4 billion in revenue in 2020. This industry encompasses a wide range of services, from custom paint jobs and body modifications to performance upgrades and interior customization. With the increasing popularity of personalized vehicles among consumers, the Custom Car Shop market is expected to continue growing at a steady rate of 3.5% annually over the next five years.

One of the key trends driving growth in the Custom Car Shop industry is the rise of social media influencers and celebrities showcasing their customized vehicles to millions of followers. This has created a strong demand for unique and eye-catching customizations, driving more customers to seek out specialized shops like Elite Motor Customization in Cedar Rapids, IA. Additionally, advancements in technology and materials have made it easier and more affordable for shops to offer a wide variety of customization options, further fueling the industry’s growth.

Elite Motor Customization is well-positioned to capitalize on these trends and carve out a successful niche in the Custom Car Shop market. With a focus on quality craftsmanship, attention to detail, and exceptional customer service, Elite Motor Customization is poised to attract a loyal customer base in Cedar Rapids and beyond. By staying ahead of industry trends, offering innovative customization options, and leveraging social media to showcase their work, Elite Motor Customization has the potential to become a leader in the Custom Car Shop industry.


IV. Customer Analysis

Below is a description of our target customers and their core needs.

Target Customers

Elite Motor Customization will target local residents with a keen interest in car customization and enhancement. This segment represents individuals who view their cars as an extension of their personality and are willing to invest in modifications that reflect their style and preferences. We will tailor our services to meet the unique needs of these customers, ensuring that each customization project reflects the individual’s desires and stands out on the roads of Cedar Rapids.

We will also target car enthusiasts and collectors who are looking for specialized customization services to enhance the performance and aesthetics of their vehicles. This customer segment is particularly interested in high-quality, innovative solutions that can transform a standard vehicle into a remarkable piece of art and engineering. Our expert team will work closely with these clients to bring their vision to life, using the latest technologies and customization techniques.

Furthermore, Elite Motor Customization will serve businesses looking to customize their corporate fleets. Whether it’s for branding purposes or to modify vehicles for specific operational needs, we will provide tailor-made solutions that help businesses stand out and optimize their fleet’s performance. Our approach will ensure that each corporate client receives a service that not only meets their practical needs but also enhances their brand image through distinctive vehicle customization.

Customer Needs

Elite Motor Customization meets the growing demand for personalized vehicles by offering high-quality custom wheels and tires. Customers seeking to enhance their vehicle’s performance and appearance find exactly what they need. These offerings cater to those who value uniqueness and wish to stand out on the road.

In addition to external upgrades, the shop specializes in interior customization. This service appeals to residents who desire a personalized driving experience that reflects their individual style and comfort preferences. By focusing on both the aesthetic and functional aspects of vehicle customization, Elite Motor Customization ensures that each client’s vehicle is as unique as their personality.

Furthermore, Elite Motor Customization understands the importance of quality and customer satisfaction. They provide expert advice and work closely with clients to bring their vision to life, guaranteeing a seamless and satisfactory customization process. This customer-centric approach not only meets but exceeds the expectations of car enthusiasts in Cedar Rapids, IA, looking for a reliable and skilled custom car shop.


V. Competitive Analysis

Direct Competitors

Elite Motor Customization’s competitors include the following companies:

Hawkeye Auto Accessories specializes in a wide range of auto accessories and customization options. They offer products ranging from custom audio systems, vehicle wraps, to performance parts. Their price points cater to both budget-conscious customers and those seeking high-end customizations. The company generates significant revenue through both retail and online sales channels. Located in the heart of Cedar Rapids, IA, Hawkeye Auto Accessories serves a diverse customer segment, including car enthusiasts and everyday vehicle owners seeking personalization. Their key strengths include a comprehensive product line and a strong local brand presence. However, their reliance on local market dynamics could be seen as a weakness in times of economic downturn.

Visual Tendencies stands out for its focus on automotive aesthetics, offering services such as custom paint jobs, interior modifications, and bespoke bodywork. Their services are priced to attract mid to high-end clientele, reflecting the craftsmanship and premium materials used. The company boasts impressive revenues, attributed to its reputation for quality and exclusivity. With a single location in Cedar Rapids, IA, Visual Tendencies targets a niche market of car collectors and enthusiasts looking for unique vehicle modifications. The company’s strengths include exceptional attention to detail and a portfolio of distinctive custom projects. A potential weakness is the limited service offering focused mainly on aesthetics, which might not appeal to those seeking performance upgrades.

Quality Auto Rebuilders and Glass provides a comprehensive suite of services focused on vehicle restoration, customization, and glass repair. Their pricing strategy is competitive, offering value to customers seeking both minor adjustments and major rebuilds. This approach has helped them to consistently generate healthy revenues. Operating from a central Cedar Rapids, IA location, they serve a wide geographic area, attracting customers from surrounding regions. Their customer segments include classic car owners, accident repair seekers, and individuals looking for custom glasswork. Quality Auto Rebuilders and Glass is known for its high-quality restoration services and quick turnaround times, making them a strong competitor in the customization space. However, their broad focus may dilute their brand identity among customers seeking highly specialized customization services.

Competitive Advantages

At Elite Motor Customization, we take pride in setting the standard for automotive excellence in the custom car industry. Our competitive edge lies in our unparalleled selection of custom paints and products, which not only surpasses the quality found at rival shops but also offers a diversity unmatched in the market. Our customers can expect to find a vibrant array of paint varieties, each tailored to meet their unique preferences and desires. This extensive selection ensures that every vehicle we touch transforms into a personalized masterpiece, reflecting the individuality of its owner. Our commitment to offering superior custom paints and products is a testament to our dedication to excellence and customer satisfaction.

Beyond our exceptional products, our competitive advantage is further solidified by our innovative approach to vehicle customization. Our team of experts leverages the latest techniques and technologies in the industry, allowing us to push the boundaries of creativity and design. We understand that customization goes beyond aesthetics, which is why we offer comprehensive solutions that enhance both the performance and appearance of each vehicle. This holistic approach ensures that our clients receive a service that is meticulously tailored to their specifications, making Elite Motor Customization the go-to destination for enthusiasts seeking unparalleled quality and service. Our ability to consistently exceed expectations positions us as leaders in the custom car industry, driving our continued growth and success.


VI. Marketing Plan

Our marketing plan, included below, details our products/services, pricing and promotions plan.

Products, Services & Pricing

Elite Motor Customization offers a comprehensive range of services tailored to car enthusiasts looking to personalize their vehicles. From exterior modifications to performance enhancements, the shop caters to a variety of customization needs. Each service is designed to meet the specific preferences and requirements of their clients, ensuring that every vehicle that rolls out of their garage stands out on the road.

One of the flagship services is custom paint jobs. Clients can expect to transform the look of their vehicles with high-quality, durable paintwork that reflects their individual style. Prices for custom paint jobs can vary widely depending on the complexity and type of paint used, but customers can typically expect to invest anywhere from $2,500 to $10,000. This service allows for a complete makeover of a car’s appearance, making it a popular choice for those looking to make a bold statement.

Elite Motor Customization also specializes in the installation of aftermarket body kits and parts. These modifications not only enhance the visual appeal of a vehicle but can also improve its aerodynamics. Prices for these services start at around $500 for basic parts and can exceed $5,000 for more comprehensive body kits and custom fabrications. This range allows customers to select upgrades that best fit their budgets and aesthetic goals.

For clients looking to upgrade their ride’s stance and performance, custom wheels and tires are available. A set of custom wheels and tires can drastically alter a vehicle’s look and handling characteristics. Prices start at approximately $1,000 and can go up to $6,000 or more for high-end brands and bespoke designs. This service caters to those who value both form and function in their vehicle modifications.

Interior customization services cater to those wishing to enhance their vehicle’s cabin experience. From bespoke upholstery to high-tech entertainment systems, these customizations can turn a standard interior into a luxurious and comfortable environment. Depending on the materials and technology selected, customers can expect to spend from $500 to $5,000 on interior modifications. This service ensures that the inside of the vehicle is just as personalized and refined as the exterior.

Lastly, Elite Motor Customization offers performance upgrades for clients aiming to improve their vehicle’s power, speed, and handling. This can range from engine tuning, exhaust system replacements, to suspension upgrades. Prices for performance enhancements can vary significantly based on the scope of work, with simple upgrades starting around $100 and more extensive modifications costing upwards of $10,000. This service is ideal for those looking to extract maximum performance from their vehicles.

In conclusion, Elite Motor Customization provides a wide array of customization services designed to meet the diverse needs of car enthusiasts. Whether clients are looking to make aesthetic modifications or performance enhancements, they can find a service that suits their needs and budget. With a focus on quality and customer satisfaction, each project ensures that clients’ vehicles reflect their unique style and preferences.

Promotions Plan

At Elite Motor Customization, we understand the importance of effective promotion in attracting customers to our custom car shop. To achieve this goal, we will implement a variety of promotional methods and tactics, with a strong focus on online marketing, to ensure we reach our target audience in Cedar Rapids, IA, and beyond.

Online marketing will form the backbone of our promotional strategy. We will leverage social media platforms such as Instagram, Facebook, and Twitter to showcase our custom car projects. By posting before-and-after photos, time-lapse videos of our customization process, and engaging car transformation stories, we expect to capture the attention of car enthusiasts and potential customers. Additionally, we will utilize targeted ads on these platforms to reach people who have shown interest in car customization, ensuring our content appears in the feeds of those most likely to engage with our services.

Our website will serve as another crucial component of our online marketing efforts. It will be optimized for search engines to increase visibility when potential customers search for custom car services in Cedar Rapids, IA. The website will feature a gallery of our work, customer testimonials, and detailed information about our services to inform and entice visitors. We will also include a blog section where we post articles about car customization tips, trends, and our latest projects, further establishing our expertise and passion for car customization.

Email marketing will complement our online presence. We will collect email addresses through our website and social media channels to build a mailing list. Regular newsletters will keep subscribers informed about our latest projects, special promotions, and events, encouraging repeat business and word-of-mouth referrals.

In addition to online methods, we will engage in local community events and car shows. Participating in these events will allow us to showcase our work in person, network with car enthusiasts, and build our reputation within the Cedar Rapids area. Offering exclusive promotions to event attendees will also drive interest and foot traffic to our shop.

Collaborations with local businesses and influencers within the car community will further amplify our reach. By partnering with automotive parts suppliers, local race tracks, or car clubs, we will gain access to a larger audience and enhance our credibility among car enthusiasts.

Through a combination of online marketing, community engagement, and strategic partnerships, Elite Motor Customization will attract customers and establish itself as a premier destination for car customization in Cedar Rapids, IA, and beyond. Our promotional efforts will focus on showcasing our expertise, engaging with our community, and delivering exceptional value to our clients.


VII. Operations Plan

Our Operations Plan details:

  1. The key day-to-day processes that our business performs to serve our customers
  2. The key business milestones that our company expects to accomplish as we grow


Key Operational Processes

To ensure the success of Elite Motor Customization, there are several key day-to-day operational processes that we will perform.

  • Customer Consultations: Engage in detailed consultations with customers to understand their customization needs and preferences. This includes discussing design options, materials, timeframes, and costs.
  • Design and Planning: Develop customized design plans for each project, ensuring that customer requirements are met. This process involves selecting the right parts, materials, and making detailed project plans.
  • Inventory Management: Maintain an up-to-date inventory of parts and materials required for customization projects. This includes ordering new supplies, tracking the usage of inventory, and managing relationships with suppliers.
  • Project Management: Oversee each customization project from start to finish. This includes scheduling work, assigning tasks to technicians, and ensuring that projects are completed on time and within budget.
  • Quality Control: Implement strict quality control measures throughout the customization process. Inspect work at various stages to ensure that it meets the company’s high standards and customer expectations.
  • Customer Communication: Maintain regular communication with customers throughout the customization process. This includes providing updates on project progress, addressing any concerns, and making any necessary adjustments to the plan.
  • Marketing and Promotion: Conduct ongoing marketing and promotional activities to attract new customers. This includes managing the company’s website and social media channels, attending automotive shows, and networking within the automotive community.
  • Financial Management: Manage the company’s finances, including budgeting for projects, invoicing customers, and tracking expenses and revenue. Ensure that the business remains profitable and can sustain its operations.
  • Staff Training and Development: Provide continuous training and development opportunities for staff to ensure that they are skilled in the latest customization techniques and customer service practices.
  • Health and Safety Compliance: Ensure that all operations comply with health and safety regulations to protect employees and customers. This includes maintaining a clean and safe workspace, using protective equipment, and conducting regular safety audits.


Elite Motor Customization expects to complete the following milestones in the coming months in order to ensure its success:

  • Secure a strategic location: Find and secure a workshop location that is accessible to our target market, has ample space for custom work, and complies with all zoning laws for auto customization and repair businesses in Cedar Rapids, IA.
  • Obtain necessary permits and licenses: Successfully navigate the regulatory landscape to obtain all required permits and licenses needed to legally operate a custom car shop in Cedar Rapids, IA. This includes environmental permits, business operation licenses, and any specific auto industry-related certifications.
  • Build out the custom car shop: Complete the physical setup of the shop including the purchase and installation of necessary equipment for custom car modifications, safety equipment, and customer waiting areas to ensure a professional working environment.
  • Hire and train skilled staff: Recruit and train a team of skilled mechanics and technicians who specialize in custom automotive work. This includes continuous training to keep up with the latest trends and techniques in car customization.
  • Launch marketing and promotional activities: Develop and implement a comprehensive marketing strategy to build brand awareness and attract customers. This involves leveraging social media, local advertising, participation in car shows, and partnerships with automotive suppliers.
  • Launch our custom car shop: Officially open the shop to the public with a launch event to draw in customers, showcase our capabilities, and start building a customer base in Cedar Rapids, IA.
  • Implement a quality control and customer feedback system: Establish a robust system for quality control and gathering customer feedback to ensure high customer satisfaction, encourage repeat business, and attract new customers through word-of-mouth.
  • Reach operational efficiency: Fine-tune operational processes to reduce waste, improve turnaround times, and ensure high-quality output, thereby reducing costs and improving customer satisfaction.
  • Get to $15,000/month in revenue: Implement strategies to consistently increase revenue through upselling, cross-selling, and expanding service offerings until reaching the milestone of $15,000 in monthly sales, ensuring the shop’s profitability and sustainability.
  • Establish a strong online presence: Develop a professional website and engage actively on social media platforms to showcase our work, share customer testimonials, and engage with car enthusiasts, thereby driving more traffic to the shop.


VIII. Management Team

Our management team has the experience and expertise to successfully execute on our business plan.

Management Team Members

Elite Motor Customization management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:

Naomi Turner, President

With an impressive track record in the automotive customization industry, Naomi Turner brings a wealth of experience and leadership to Elite Motor Customization. Having previously run a successful custom car shop, Turner’s expertise not only in business management but also in understanding the nuances of car customization is unparalleled. Her ability to foresee market trends, coupled with her knack for leading high-performing teams, makes her an invaluable asset to the company. Turner’s leadership is instrumental in steering Elite Motor Customization towards its vision of becoming a leader in the automotive customization industry, ensuring that the company delivers exceptional value to its clients and maintains a competitive edge in the market.


IX. Financial Plan


Below is an overview of our expected financial performance over the next five years:

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $4,328,294 $4,686,808 $5,075,017 $5,495,381 $5,950,565
Direct Expenses $2,078,569 $2,184,463 $2,295,751 $2,412,709 $2,535,625
Gross Profit $2,249,725 $2,502,345 $2,779,266 $3,082,672 $3,414,939
Gross Profit (%) 52% 53.4% 54.8% 56.1% 57.4%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $2,152,639 $2,402,314 $2,676,200 $2,976,480 $3,305,525
Depreciation $33,000 $33,000 $33,000 $33,000 $33,000
Amortization $0 $0 $0 $0 $0
Interest Expense $24,500 $24,500 $24,500 $24,500 $24,500
Income Tax Expense $733,298 $820,684 $916,545 $1,021,643 $1,136,808
Net Income $1,361,840 $1,524,129 $1,702,155 $1,897,337 $2,111,216

Funding Requirements/Use of Funds

To accomplish our growth goals, Elite Motor Customization needs $245,000 in funding. Key uses of this funding will be as follows:

Capital Investments
Location Buildout/Modifications $50,000
Furniture $5,000
Equipment & Machines $100,000
Computers and Software $10,000
Non Capital Investments
Working Capital $20,000
Initial Rent/Lease (3 months) $10,000
Staff Salaries (first 3 months) $30,000
Initial Marketing and Advertising $10,000
Supplies $5,000
Insurance (first year) $5,000

Financial Projections

financial projection custom car shop business plan

5 Year Annual Income Statement

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $4,328,294 $4,686,808 $5,075,017 $5,495,381 $5,950,565
Total Revenues $4,328,294 $4,686,808 $5,075,017 $5,495,381 $5,950,565
Direct Costs
Direct Costs $2,078,569 $2,184,463 $2,295,751 $2,412,709 $2,535,625
Total Direct Costs $2,078,569 $2,184,463 $2,295,751 $2,412,709 $2,535,625
GROSS PROFIT $2,249,725 $2,502,345 $2,779,266 $3,082,672 $3,414,939
GROSS PROFIT % 52% 53.4% 54.8% 56.1% 57.4%
Other Expenses
Salaries $72,814 $75,023 $77,299 $79,644 $82,060
Marketing Expenses $6,067 $6,251 $6,441 $6,637 $6,838
Rent/Utility Expenses $6,067 $6,251 $6,441 $6,637 $6,838
Other Expenses $12,135 $12,503 $12,883 $13,274 $13,676
Total Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $2,152,639 $2,402,314 $2,676,200 $2,976,480 $3,305,525
Depreciation $33,000 $33,000 $33,000 $33,000 $33,000
Amortization $0 $0 $0 $0 $0
EBIT $2,119,639 $2,369,314 $2,643,200 $2,943,480 $3,272,525
Interest Expense $24,500 $24,500 $24,500 $24,500 $24,500
PRETAX INCOME $2,095,139 $2,344,814 $2,618,700 $2,918,980 $3,248,025
Net Operating Loss $0 $0 $0 $0 $0
Use of Net Operating Loss $0 $0 $0 $0 $0
Taxable Income $2,095,139 $2,344,814 $2,618,700 $2,918,980 $3,248,025
Income Tax Expense $733,298 $820,684 $916,545 $1,021,643 $1,136,808
NET INCOME $1,361,840 $1,524,129 $1,702,155 $1,897,337 $2,111,216
Net Profit Margin (%) 31.5% 32.5% 33.5% 34.5% 35.5%

5 Year Annual Balance Sheet

FY 1 FY 2 FY 3 FY 4 FY 5
Cash $1,287,952 $2,823,545 $4,535,081 $6,449,422 $8,321,218
Other Current Assets $371,525 $402,298 $435,621 $457,948 $495,880
Total Current Assets $1,659,477 $3,225,844 $4,970,702 $6,907,370 $8,817,098
Intangible Assets $0 $0 $0 $0 $0
Acc Amortization $0 $0 $0 $0 $0
Net Intangibles $0 $0 $0 $0 $0
Fixed Assets $165,000 $165,000 $165,000 $165,000 $165,000
Accum Depreciation $33,000 $66,000 $99,000 $132,000 $165,000
Net fixed assets $132,000 $99,000 $66,000 $33,000 $0
Preliminary Exp $0 $0 $0 $0 $0
TOTAL ASSETS $1,791,477 $3,324,844 $5,036,702 $6,940,370 $8,817,098
Current Liabilities $184,636 $193,874 $203,577 $209,908 $220,419
Debt outstanding $245,000 $245,000 $245,000 $245,000 $0
Total Liabilities $429,636 $438,874 $448,577 $454,908 $220,419
Share Capital $0 $0 $0 $0 $0
Retained earnings $1,361,840 $2,885,970 $4,588,125 $6,485,462 $8,596,678
Total Equity $1,361,840 $2,885,970 $4,588,125 $6,485,462 $8,596,678
TOTAL LIABILITIES & EQUITY $1,791,477 $3,324,844 $5,036,702 $6,940,370 $8,817,098

5 Year Annual Cash Flow Statement

FY 1 FY 2 FY 3 FY 4 FY 5
Net Income (Loss) $1,361,840 $1,524,129 $1,702,155 $1,897,337 $2,111,216
Change in Working Capital ($186,888) ($21,535) ($23,619) ($15,996) ($27,420)
Plus Depreciation $33,000 $33,000 $33,000 $33,000 $33,000
Plus Amortization $0 $0 $0 $0 $0
Net Cash Flow from Operations $1,207,952 $1,535,593 $1,711,536 $1,914,340 $2,116,796
Fixed Assets ($165,000) $0 $0 $0 $0
Intangible Assets $0 $0 $0 $0 $0
Net Cash Flow from Investments ($165,000) $0 $0 $0 $0
Cash from Equity $0 $0 $0 $0 $0
Cash from Debt financing $245,000 $0 $0 $0 ($245,000)
Net Cash Flow from Financing $245,000 $0 $0 $0 ($245,000)
Net Cash Flow $1,287,952 $1,535,593 $1,711,536 $1,914,340 $1,871,796
Cash at Beginning of Period $0 $1,287,952 $2,823,545 $4,535,081 $6,449,422
$1,287,952 $2,823,545 $4,535,081 $6,449,422 $8,321,218


What Is a Custom Car Shop Business Plan?

A custom car shop business plan is a document that outlines the strategies you have developed to start and/or grow your custom car shop business. Among other things, it details information about your industry, customers and competitors to help ensure your company is positioned properly to succeed. Your custom car shop business plan also assesses how much funding you will need to grow your business and proves, via your financial forecasts, why the business is viable.

Why You Need a Business Plan for your Custom Car Shop Business

A business plan is required if you are seeking funding for your custom car shop business. Investors and lenders will review your plan to ensure it meets their criteria before providing you with capital. In addition, a custom car shop business plan helps you and your team stay focused. It documents the strategies you must follow and gives you financial projections you should strive to achieve and against which you can judge your performance.

Custom Car Shop Business Plan Template PDF

Download our Custom Car Shop Business Plan PDF to help guide you as you create your business plan for your own custom car shop business.

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