Oil Change Business Plan Template

oil change business plan template

Table of Contents

Table of Contents

If you’re looking to create an oil change 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 oil change businesses.

Oil Change Business Plan Example

Below is our oil change business plan template and sample plan:
 

I. Executive Summary

Company Overview

At SwiftLube Oil Service Center, we pride ourselves on providing high-quality, efficient oil change services for motorists in Orland Park, IL. Our top-of-the-line facility is designed to offer a superior customer experience with an emphasis on speed, convenience, and reliability. We understand the importance of vehicle maintenance, and our goal is to become a trusted community partner for all automotive lubrication needs. Our location in Orland Park, IL, positions us perfectly to serve a growing market of automobile owners who value their time and prefer professional service.

Success Factors

Our success is driven by several key factors, including our advanced service facility, seasoned management team, and commitment to customer satisfaction. To date, we have achieved significant milestones, such as securing a prime location, completing the initial setup of our service center, and establishing a strong relationship with suppliers. This solid foundation enables us to deliver exceptional service and positions us for future growth in the competitive automotive service industry.

Industry Analysis

The automotive oil change and lubrication industry is experiencing steady growth, driven by an increasing number of vehicles on the road and the need for regular maintenance. As vehicle ownership continues to rise, the demand for quick and convenient service centers like ours also grows. The industry’s landscape is competitive, with a mix of independent providers and franchise operations. SwiftLube Oil Service Center is well-positioned to capitalize on industry trends by offering a customer-centric approach that differentiates us from traditional service providers.

Customer Analysis

Our target customers consist of vehicle owners in Orland Park, IL, who value their time and seek convenience, efficiency, and reliability when it comes to vehicle maintenance. This demographic includes busy professionals, families, and individuals who prioritize regular vehicle care but require a service provider that can accommodate their fast-paced lifestyles. By understanding our customers’ needs and preferences, SwiftLube Oil Service Center is able to tailor services and create marketing strategies that resonate with our target audience.

Competitive Analysis

Top Competitors: – QuickOil: A regional chain offering expedited oil change services. – LubeFast: An established local provider with a strong customer base. – OilPro Service Centers: A national franchise known for its comprehensive service offerings.

Competitive Advantages: SwiftLube Oil Service Center differentiates itself through superior customer service, state-of-the-art facilities, and a strategic location that maximizes convenience for our customers. By focusing on these strengths, we are confident in our ability to compete effectively in the marketplace and establish a loyal customer following.

Marketing Plan

Our marketing plan centers around products, services, and pricing that cater to the needs of modern consumers. SwiftLube Oil Service Center offers a comprehensive range of oil change services at competitive prices, ensuring that customers receive excellent value. We’ve structured our pricing to be transparent and straightforward, allowing customers to select services without any hidden costs. Additionally, our promotional strategies aim to attract and retain customers through various channels, including online marketing, social media engagement, local partnerships, customer referral and loyalty rewards programs, direct mail, local advertising, and first-time customer discounts. These efforts are designed to build brand awareness, foster customer loyalty, and establish SwiftLube as the go-to oil change service center in Orland Park, IL.

Operations Plan

Our operations plan outlines the key processes necessary to deliver efficient and high-quality oil change services. We have established a streamlined workflow to minimize customer wait times and ensure a high turnover rate of service bays. Our milestones include finalizing the service center’s build-out, recruiting and training a skilled team, implementing a robust inventory management system, and launching our comprehensive marketing strategy to drive initial customer acquisition and retention.

Management Team

The SwiftLube Oil Service Center is led by a team of experienced professionals with extensive backgrounds in automotive services, business management, and customer service. Our management team’s expertise ensures operational excellence and a customer-first approach, positioning us for success in the competitive oil change service market.

Financial Plan

To achieve our growth objectives, SwiftLube Oil Service Center requires funding to cover the costs associated with establishing our service center, investing in top-quality equipment, and executing our marketing plan. The financial support will ensure we have the resources to build a robust operational infrastructure and market our services effectively to our target customer base.

Summary

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 $3,153,472 $3,414,674 $3,697,512 $4,003,778 $4,335,411
Direct Expenses $1,100,419 $1,156,480 $1,215,397 $1,277,316 $1,342,389
Gross Profit $2,053,052 $2,258,194 $2,482,114 $2,726,461 $2,993,021
Gross Profit (%) 65.1% 66.1% 67.1% 68.1% 69%
Other Expenses $103,153 $106,282 $109,507 $112,829 $116,252
EBITDA $1,949,899 $2,151,911 $2,372,607 $2,613,631 $2,876,769
Depreciation $64,000 $64,000 $64,000 $64,000 $64,000
Amortization $0 $0 $0 $0 $0
Interest Expense $42,300 $42,300 $42,300 $42,300 $42,300
Income Tax Expense $645,259 $715,963 $793,207 $877,566 $969,664
Net Income $1,198,339 $1,329,647 $1,473,099 $1,629,765 $1,800,804

 

II. Company Overview

Welcome to SwiftLube Oil Service Center, a fresh face in Orland Park, IL, dedicated to providing top-notch oil change services to our community. As a newly established local business, we pride ourselves on filling the gap for high-quality oil change services within the area. We understand the importance of vehicle maintenance and are here to ensure your car receives the best care possible.

Our Products & Services

At SwiftLube Oil Service Center, we offer a range of oil change options tailored to meet the needs of your vehicle. Our selection includes:

  • Full Synthetic Oil Change: Priced at $85, our full synthetic oil provides your engine with the highest level of protection and performance, especially suited for the latest engine technologies.
  • Synthetic Blend Oil Change: For $35, you can opt for our synthetic blend oil, which combines synthetic and conventional base oils for better protection during a wider range of operating conditions than conventional oil.
  • Conventional Oil Change: At $45, our conventional oil change service offers a reliable and affordable option for customers who prefer the traditional route.

Our Location

SwiftLube Oil Service Center is conveniently located in the heart of Orland Park, IL. We are strategically positioned to serve the community of Orland Park and are committed to providing accessible and efficient service to all our customers.

Why We Will Succeed

Our confidence in the success of SwiftLube Oil Service Center comes from our solid foundation and commitment to excellence. Our founder brings valuable experience from previously running a successful oil change business. This experience, combined with our dedication to offering higher quality oil and superior service, sets us apart from the competition. We believe these factors will propel us to become the leading oil change service provider in Orland Park.

Our Journey So Far

Since our inception on January 2, 2024, SwiftLube Oil Service Center has been making strides towards establishing itself as a trusted service provider. We are incorporated as a C Corporation and have already achieved several milestones, including:

  • Crafting a distinctive logo that reflects our brand’s values and commitment to quality service.
  • Developing a unique company name that resonates with our mission and vision.
  • Securing an excellent location that allows us to serve our customers effectively.

These accomplishments are just the beginning of our journey, and we are excited about what the future holds for SwiftLube Oil Service Center.

 

III. Industry Analysis

The Oil Change industry in the United States is a thriving and lucrative market. According to a recent market research report, the industry generated a revenue of approximately $8.2 billion in 2020. This clearly indicates the significant size of the market and the opportunities it presents for businesses operating in this sector. Moreover, the market is expected to experience steady growth in the coming years, with a projected compound annual growth rate (CAGR) of 3.7% from 2021 to 2026.

Several trends in the Oil Change industry contribute to its positive outlook and bode well for SwiftLube Oil Service Center. Firstly, there is an increasing demand for convenient and efficient oil change services due to the busy lifestyles of consumers. SwiftLube’s focus on providing quick and hassle-free oil changes aligns perfectly with this trend, positioning the company as a preferred choice for customers in Orland Park, IL. Additionally, there is a growing emphasis on environmental sustainability, leading to a rising demand for eco-friendly oil change solutions. SwiftLube’s commitment to using environmentally friendly products and practices gives them a competitive edge in the market.

Furthermore, the rising average age of vehicles in the United States is another positive trend for SwiftLube Oil Service Center. As vehicles age, they require more frequent oil changes and maintenance, creating a steady stream of customers for oil change service providers. With the number of older vehicles on the road expected to increase in the coming years, SwiftLube can capitalize on this trend by offering reliable and affordable oil change services to meet the needs of these customers. By staying attuned to industry trends and providing exceptional service, SwiftLube Oil Service Center is well-positioned to thrive in the growing Oil Change industry.

 

IV. Customer Analysis

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

Target Customers

SwiftLube Oil Service Center will target a diverse clientele, with a primary focus on local residents of Orland Park. The business will cater to individuals in need of quick and efficient oil change services for their personal vehicles. Local residents are likely to become repeat customers due to the convenience and quality of service offered, which will be designed to ensure their vehicles are maintained in line with manufacturer recommendations and local environmental standards.

The center will also attract customers who value time-saving services. Busy professionals and parents who have tight schedules and cannot afford long wait times at traditional service stations will be a key demographic. SwiftLube will tailor its services to accommodate these customers by offering quick turnaround times without compromising on the thoroughness of the service provided.

In addition to serving the immediate needs of personal vehicle owners, SwiftLube Oil Service Center will target local small business fleets. This segment requires regular maintenance to keep their operations running smoothly and will benefit from SwiftLube’s efficient service model. The center will offer customized maintenance packages to meet the specific needs of these businesses, ensuring their vehicles spend less time in the shop and more time on the road.

Customer Needs

SwiftLube Oil Service Center can meet the demand for high-quality oil, ensuring that residents in the area have access to top-notch products that can extend the lifespan of their vehicles and improve engine performance. Customers expect a reliable service that not only changes their oil but also uses products that provide maximum protection against wear and tear. The provision of premium oil options caters to those who are conscientious about maintaining their vehicle in peak condition.

The center also recognizes the value of convenience and efficiency in today’s fast-paced world. Customers can enjoy swift and professional oil change services that respect their time constraints, minimizing the disruption to their daily schedule. SwiftLube’s streamlined processes and attentive staff ensure a quick turnaround without compromising on service quality, meeting the needs of those who prioritize efficiency in vehicle maintenance.

Additionally, SwiftLube offers a customer-centric approach that includes transparent communication and personalized service. Customers have the assurance of clear explanations regarding service options and benefits, allowing them to make informed decisions about their vehicle’s care. This focus on customer education and tailored services fosters trust and satisfaction, fulfilling the need for a dependable and insightful oil change provider.

 

V. Competitive Analysis

Direct Competitors

SwiftLube Oil Service Center’s competitors include the following companies:

Midwest Auto Tops & Upholstery

Midwest Auto Tops & Upholstery specializes in providing auto upholstery services, convertible top repair and replacement, and custom interior work for vehicles. They also offer a range of auto customizing services. Their price points vary depending on the complexity and materials used in the services provided.

While specific revenue figures are not publicly disclosed, the nature of their services suggests a business model that can cater to both individual vehicle owners and commercial clients. Midwest Auto Tops & Upholstery operates out of Orland Park, IL, serving customers within the region and potentially beyond, considering the specialized nature of their services.

Key strengths include their expertise in upholstery and customization, which attracts customers looking for specialized services beyond standard oil changes. However, their focus on upholstery and custom interiors can be a weakness when competing with businesses providing a wider range of automotive maintenance services.

Outlier Auto

Outlier Auto provides a variety of automotive services, which may include oil changes, maintenance services, and performance upgrades. Their price points are competitive, aiming to offer services that meet various customer budgets.

They generate revenue from a diverse array of services and have established a presence in the Orland Park area. Outlier Auto targets car enthusiasts and owners interested in performance and customization, as well as everyday drivers seeking reliable maintenance services.

Their key strengths lie in their ability to offer a broad range of services and cater to a diverse customer base. However, their focus on performance upgrades can be seen as a weakness for customers solely interested in routine vehicle maintenance.

Checkpoint Auto

Checkpoint Auto is another competitor, offering general automotive repair services, which likely include oil changes, brake services, and engine diagnostics. Their pricing strategy is designed to be affordable to attract a broad customer segment.

The company’s revenues come from a steady stream of repair and maintenance jobs. Checkpoint Auto operates within the Orland Park area, serving local residents and those from surrounding communities.

A key strength of Checkpoint Auto is their comprehensive service offerings, which can make them a one-stop-shop for customers’ automotive needs. However, the generalist approach may result in less specialization, which could be a weakness when competing with niche service providers.

Competitive Advantages

At SwiftLube Oil Service Center, we understand that car maintenance is more than just a chore – it’s an essential part of ensuring the longevity and reliability of your vehicle. That’s why we take pride in offering not just any oil, but higher quality oil that gives our customers the peace of mind that their engines are running at their best. Our commitment to quality extends beyond our products to the service we provide. We believe in treating every customer with the utmost respect and attention to detail, ensuring they leave not only satisfied but also confident in the performance of their vehicle.

Moreover, our technicians are highly trained and equipped with the latest automotive service technology, which allows us to provide efficient and accurate oil changes. We stay abreast of industry trends and innovations, continually improving our services to exceed the evolving needs of our customers. Additionally, our service center is designed for customer comfort and convenience, with a focus on providing a swift yet thorough service experience. We are not just changing oil; we are fostering trust and building relationships with our customers by being a reliable partner in their vehicle’s maintenance.

 

VI. Marketing Plan

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

Products, Services & Pricing

SwiftLube Oil Service Center provides a range of oil change services to meet the varied needs of their customers. One of their premium offerings is the Full Synthetic Oil Change, which is priced at an average of $85. This service is ideal for modern engines and provides superior performance and protection, ensuring longer intervals between oil changes.

For those seeking a cost-effective solution that still offers enhanced engine protection and performance benefits over conventional oils, SwiftLube offers a Synthetic Blend Oil Change. This service combines synthetic and conventional motor oils to offer a middle-ground solution, balancing performance with affordability, and is available at an average price of $35.

Customers can also opt for the Conventional Oil Change service, which is a staple for many vehicles with traditional engine designs. This service is offered at an average price of $45 and is a good choice for customers looking for reliable engine lubrication and protection at a more economical price point.

SwiftLube Oil Service Center prides itself on delivering high-quality service and customer satisfaction. Their team of skilled technicians ensures that every oil change is performed efficiently and effectively, using only the best products to keep customers’ vehicles running smoothly.

Promotions Plan

At SwiftLube Oil Service Center, we understand the importance of effective promotion to attract and retain customers. Our comprehensive promotional strategy encompasses a variety of methods to ensure maximum visibility and customer engagement.

Online Marketing

Online marketing is a cornerstone of our promotional efforts. SwiftLube will leverage the power of internet marketing to reach a wide audience. Our website will feature easy navigation and online appointment scheduling, making it convenient for customers to engage with our services. Search engine optimization (SEO) will ensure that SwiftLube appears prominently in search results when potential customers are looking for oil change services in Orland Park, IL.

Social media platforms such as Facebook, Instagram, and Twitter will serve as critical channels for building brand awareness and fostering community engagement. Regular posts, promotional offers, and customer testimonials will keep SwiftLube top-of-mind for our audience. Additionally, targeted online advertising will place SwiftLube ads on relevant websites and search result pages to attract potential customers.

Local Partnerships and Community Involvement

SwiftLube will engage in local partnerships and sponsor community events to enhance our local presence. By collaborating with nearby businesses and participating in community activities, we will build a strong local brand image and attract customers who value community-oriented businesses.

Customer Referral Program

A customer referral program will incentivize existing customers to refer friends and family to SwiftLube. Offering discounts or free services to customers who successfully refer new clients will generate word-of-mouth promotion and help expand our customer base.

Loyalty Rewards Program

SwiftLube will implement a loyalty rewards program to encourage repeat business. Customers who enroll in the program will accumulate points for each service, which they can redeem for discounts on future visits or complimentary services. This strategy will not only retain existing customers but will also attract new ones seeking value and recognition for their loyalty.

Direct Mail and Local Advertising

SwiftLube will utilize direct mail campaigns to reach local residents with special offers and reminders for oil change services. Local advertising in newspapers, radio, and community bulletins will complement our direct mail efforts, ensuring that SwiftLube remains visible in the local area.

First-Time Customer Discounts

To specifically target new customers, SwiftLube will offer first-time customer discounts. This promotional tactic will provide an immediate incentive for new customers to try our services at a reduced cost, with the aim of converting them into loyal patrons.

By implementing these promotional methods, SwiftLube Oil Service Center expects to establish a strong market presence and attract a steady flow of customers seeking reliable and efficient oil change services in Orland Park, IL.

 

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 SwiftLube Oil Service Center, there are several key day-to-day operational processes that we will perform:

  • Customer Greeting and Check-In:
    • Greet customers promptly and courteously as they enter the service center.
    • Register customer details and service requirements in the management system.
  • Vehicle Assessment:
    • Conduct initial assessment to determine the customer’s vehicle oil change needs and any additional service requests.
    • Provide customers with an estimated wait time and service cost.
  • Service Execution:
    • Perform oil changes and any additional services such as filter replacements or fluid top-offs.
    • Ensure all services adhere to established safety and quality standards.
  • Inventory Management:
    • Monitor and maintain inventory levels of oil, filters, and other necessary supplies.
    • Order new supplies in a timely manner to avoid any service disruptions.
  • Equipment Maintenance:
    • Regularly inspect and maintain service equipment to ensure operational efficiency and safety.
    • Schedule and perform preventive maintenance to avoid unexpected equipment failure.
  • Customer Service and Education:
    • Advise customers on the importance of regular oil changes and vehicle maintenance.
    • Answer any customer questions regarding their vehicle’s service needs.
  • Payment Processing:
    • Process transactions accurately and issue receipts to customers upon service completion.
    • Handle cash, credit/debit card, and other forms of payment.
  • Cleanliness and Organization:
    • Maintain a clean and organized work environment to ensure safety and a positive customer experience.
    • Dispose of used oil and other waste products in an environmentally responsible manner.
  • Customer Follow-Up:
    • Contact customers to gather feedback on their service experience and address any concerns.
    • Remind customers of upcoming service dates and offer promotions or discounts to encourage repeat business.
  • Reporting and Analysis:
    • Generate daily reports on sales, services performed, and customer visits.
    • Analyze data to identify trends, forecast demand, and improve operational efficiency.
  • Team Coordination and Training:
    • Schedule staff shifts to ensure adequate coverage during operating hours.
    • Provide ongoing training to staff to improve service quality and efficiency.
  • Marketing and Promotion:
    • Implement local marketing strategies to attract new customers and retain existing ones.
    • Update promotional materials and maintain online presence including website and social media accounts.

Milestones

SwiftLube Oil Service Center expects to complete the following milestones in the coming months in order to ensure its success:

  • Secure a strategic location in Orland Park, IL, with high visibility and accessibility for potential customers.
  • Obtain all necessary permits and licenses to operate an oil change service center in the local jurisdiction.
  • Build out or retrofit a service center facility that is equipped with the necessary tools and technology to offer efficient and high-quality oil change services.
  • Launch SwiftLube Oil Service Center with a grand opening event to generate local interest and attract initial customers.
  • Implement a robust marketing and advertising campaign to create brand awareness and drive traffic to the service center.
  • Hire and train a team of skilled technicians and customer service staff to provide exceptional service and build customer loyalty.
  • Establish partnerships with suppliers for high-quality oil and filter products at competitive prices.
  • Develop a customer loyalty program and referral incentives to encourage repeat business and word-of-mouth marketing.
  • Increase operational efficiency and reduce wait times to enhance customer satisfaction and throughput.
  • Achieve the milestone of reaching $15,000/month in revenue, ensuring the business is on a path towards profitability and long-term success.

 

VIII. Management Team

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

Management Team Members

SwiftLube Oil Service Center management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:

David Kim, CEO

At the helm of SwiftLube Oil Service Center is David Kim, the CEO with a proven track record in the oil change industry. His previous experience of running an oil change service has endowed him with invaluable insights into the operational, financial, and customer service aspects of the business. David’s history of success is a testament to his strategic vision, leadership, and ability to drive growth while maintaining high standards of service. His role at SwiftLube is pivotal, as he leverages his past experiences to guide the company towards achieving lasting success in a competitive market.

 

IX. Financial Plan

Summary

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 $3,153,472 $3,414,674 $3,697,512 $4,003,778 $4,335,411
Direct Expenses $1,100,419 $1,156,480 $1,215,397 $1,277,316 $1,342,389
Gross Profit $2,053,052 $2,258,194 $2,482,114 $2,726,461 $2,993,021
Gross Profit (%) 65.1% 66.1% 67.1% 68.1% 69%
Other Expenses $103,153 $106,282 $109,507 $112,829 $116,252
EBITDA $1,949,899 $2,151,911 $2,372,607 $2,613,631 $2,876,769
Depreciation $64,000 $64,000 $64,000 $64,000 $64,000
Amortization $0 $0 $0 $0 $0
Interest Expense $42,300 $42,300 $42,300 $42,300 $42,300
Income Tax Expense $645,259 $715,963 $793,207 $877,566 $969,664
Net Income $1,198,339 $1,329,647 $1,473,099 $1,629,765 $1,800,804

Funding Requirements/Use of Funds

To accomplish our growth goals, SwiftLube Oil Service Center needs $423,000 in funding. Key uses of this funding will be as follows:

Capital Investments
Building $200,000
Location Buildout $50,000
Furniture $10,000
Equipment & Machines $50,000
Computers and Software $10,000
Non Capital Investments
Working Capital $50,000
Initial Rent/Lease $5,000
Staff Salaries (First 3 Months) $30,000
Initial Marketing and Advertising $10,000
Supplies $5,000
Insurance $3,000

Financial Projections

financial projection oil change business plan

5 Year Annual Income Statement

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues
Revenues $3,153,472 $3,414,674 $3,697,512 $4,003,778 $4,335,411
Total Revenues $3,153,472 $3,414,674 $3,697,512 $4,003,778 $4,335,411
Direct Costs
Direct Costs $1,100,419 $1,156,480 $1,215,397 $1,277,316 $1,342,389
Total Direct Costs $1,100,419 $1,156,480 $1,215,397 $1,277,316 $1,342,389
GROSS PROFIT $2,053,052 $2,258,194 $2,482,114 $2,726,461 $2,993,021
GROSS PROFIT % 65.1% 66.1% 67.1% 68.1% 69%
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 $18,203 $18,755 $19,324 $19,911 $20,515
Total Other Expenses $103,153 $106,282 $109,507 $112,829 $116,252
EBITDA $1,949,899 $2,151,911 $2,372,607 $2,613,631 $2,876,769
Depreciation $64,000 $64,000 $64,000 $64,000 $64,000
Amortization $0 $0 $0 $0 $0
EBIT $1,885,899 $2,087,911 $2,308,607 $2,549,631 $2,812,769
Interest Expense $42,300 $42,300 $42,300 $42,300 $42,300
PRETAX INCOME $1,843,599 $2,045,611 $2,266,307 $2,507,331 $2,770,469
Net Operating Loss $0 $0 $0 $0 $0
Use of Net Operating Loss $0 $0 $0 $0 $0
Taxable Income $1,843,599 $2,045,611 $2,266,307 $2,507,331 $2,770,469
Income Tax Expense $645,259 $715,963 $793,207 $877,566 $969,664
NET INCOME $1,198,339 $1,329,647 $1,473,099 $1,629,765 $1,800,804
Net Profit Margin (%) 38% 38.9% 39.8% 40.7% 41.5%

5 Year Annual Balance Sheet

FY 1 FY 2 FY 3 FY 4 FY 5
ASSETS
Cash $1,196,767 $2,573,016 $4,091,112 $5,772,050 $7,191,926
Other Current Assets $270,682 $293,103 $317,381 $333,648 $361,284
Total Current Assets $1,467,449 $2,866,119 $4,408,493 $6,105,698 $7,553,211
Intangible Assets $0 $0 $0 $0 $0
Acc Amortization $0 $0 $0 $0 $0
Net Intangibles $0 $0 $0 $0 $0
Fixed Assets $320,000 $320,000 $320,000 $320,000 $320,000
Accum Depreciation $64,000 $128,000 $192,000 $256,000 $320,000
Net fixed assets $256,000 $192,000 $128,000 $64,000 $0
Preliminary Exp $0 $0 $0 $0 $0
TOTAL ASSETS $1,723,449 $3,058,119 $4,536,493 $6,169,698 $7,553,211
LIABILITIES & EQUITY
Current Liabilities $102,110 $107,132 $112,406 $115,845 $121,553
Debt outstanding $423,000 $423,000 $423,000 $423,000 $0
Total Liabilities $525,110 $530,132 $535,406 $538,845 $121,553
Share Capital $0 $0 $0 $0 $0
Retained earnings $1,198,339 $2,527,987 $4,001,086 $5,630,852 $7,431,657
Total Equity $1,198,339 $2,527,987 $4,001,086 $5,630,852 $7,431,657
TOTAL LIABILITIES & EQUITY $1,723,449 $3,058,119 $4,536,493 $6,169,698 $7,553,211

5 Year Annual Cash Flow Statement

FY 1 FY 2 FY 3 FY 4 FY 5
CASH FLOW FROM OPERATIONS
Net Income (Loss) $1,198,339 $1,329,647 $1,473,099 $1,629,765 $1,800,804
Change in Working Capital ($168,572) ($17,397) ($19,004) ($12,827) ($21,928)
Plus Depreciation $64,000 $64,000 $64,000 $64,000 $64,000
Plus Amortization $0 $0 $0 $0 $0
Net Cash Flow from Operations $1,093,767 $1,376,249 $1,518,095 $1,680,937 $1,842,876
CASH FLOW FROM INVESTMENTS
Fixed Assets ($320,000) $0 $0 $0 $0
Intangible Assets $0 $0 $0 $0 $0
Net Cash Flow from Investments ($320,000) $0 $0 $0 $0
CASH FLOW FROM FINANCING
Cash from Equity $0 $0 $0 $0 $0
Cash from Debt financing $423,000 $0 $0 $0 ($423,000)
Net Cash Flow from Financing $423,000 $0 $0 $0 ($423,000)
Net Cash Flow $1,196,767 $1,376,249 $1,518,095 $1,680,937 $1,419,876
Cash at Beginning of Period $0 $1,196,767 $2,573,016 $4,091,112 $5,772,050
$1,196,767 $2,573,016 $4,091,112 $5,772,050 $7,191,926

 

What Is an Oil Change Business Plan?

An oil change business plan is a document that outlines the strategies you have developed to start and/or grow your oil change business. Among other things, it details information about your industry, customers and competitors to help ensure your company is positioned properly to succeed. Your oil change 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 Oil Change Business

A business plan is required if you are seeking funding for your oil change business. Investors and lenders will review your plan to ensure it meets their criteria before providing you with capital. In addition, an oil change 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.
 

Oil Change Business Plan Template PDF

Download our Oil Change Business Plan PDF to help guide you as you create your business plan for your own oil change business.
 

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