Looking for how to start a wheel alignment business? Then you came to the right place. This article gives the best possible information to set up the wheel alignment business with all investment details and business plans from scratch.
As we all know that small businesses in this field don’t do alignments because the equipment required for the alignment business is quite expensive and return on investment takes time. But in modern times where vehicles are increasing day by day so it has become a profitable option to start.
Also, you need to make more contacts with the small shops that usually don’t do wheel alignment but they are the ones who suggest your business to their customers. It is one of the best marketing strategies for wheel alignment business.
In this article, similar to this strategy, we have talked about different aspects of the wheel alignment business and the proper guide for starting one.
Why Do Vehicles Need Wheel Alignment and Balancing?
As we probably are aware of the status of roads, especially in India, the USA, China, and Canada. Many vehicles like cars, cabs, great carriers, and so on, have a chance to hit uneven speed breakers, path gaps, and patches regularly. These lead to the shape of tires and also changes in the alignment of wheels.
At the point when a change in alignment and balancing of wheels gives you lopsided wear and tear of tires, overheating of tires and also changes in charge of the vehicle which leads to fatal accidents. In this way, regular wheel alignment and balancing are required for wheels.
Presently, computerized 3D wheel alignment and balancing machines make it easy to do this business.
Is wheel Alignment Business Profitable?
An increase in usage of four-wheelers and abrupt development in-cab sectors give a promising eventual fate of this business. An appropriate business plan and execution make this business more profitable.
Also, now people are being aware of the wheel alignment and maintenance of their vehicles so they always prefer their cars to be in good condition. We know the tools are quite expensive but once it is returned, the profit in this business is fascinating.
Steps for Starting a Wheel Alignment Business
Wheel Alignment Business Plan
Wheel alignment business plan starts with identifying the market, investment details, permission and requirements, marketing, and so forth, and making a bit by bit appropriate notes of these details.
A detailed business plan will help you do business with proper strategies and will save your time as well. So mention everything that you need for the business such as funding requests, financial projects, marketing strategies, employees required, and management structure.
In short, it should contain every detail of the business from company description to advertising which means everything that you should do to achieve your goals.
Distinguishing the Market
Here, distinguishing the market is an important task in this wheel alignment business. Pick the area where there is a not too bad number of car garages, car stylistic layouts, and market areas related to vehicle spare parts and outsider assistance communities.
Picking the area near authorized assistance places is a bad idea as many individuals lean toward authorized help habitats. Distinguish and give more inclination to the area which has more car garages and tire showrooms where there are no other wheel alignment and balancing shops.
Attempt to distinguish the market gap for wheel alignment business. Once picking the area, it is the time for considerable speculation.
Major Tools Required for Wheel Alignment Business
Here is the equipment detail for wheel alignment business arrangement:
- 3D Computerized wheel alignment machine
- Modernized wheel balancing machine
- Hydraulic Vehicle Lifting Jack
- Air Compressor and Furniture
- Advanced Tool units and Malicious
Capital Required for Wheel Alignment Business
On average the investment required for the wheel alignment business including the machines and rent of the place where the business operates will be approximately $13440 to $50000.
This is the most ideal investment detail that we gathered on average. It also depends upon the location you choose, the machines you buy, and the country in which you are going to start this business.
Consent and Requirements for Wheel Alignment Business
- Trade permit from local authorities
- 2kv Power association
- Calibration certificate of Machine
- Taking an Insurance strategy for the shop
- Appropriate training for the laborers
- Can get loans from Banks under Self-Employment plans with low-financing costs
Marketing of Wheel Alignment Business
Marketing is a major part of this business. Many businesses fail because of a lack of marketing. The ultimate goal of marketing is to get customers for your business.
Here are a couple of marketing tips for your wheel alignment business:
- Display the flyers and Hoarding with special limits rates near gas stations, four-wheeler parking places, mechanic shops, and commercial areas.
- Offer pickup and repair done support of occupied individuals.
- Rundown in Google my business page, local classifieds, and social media platforms.
- Affiliate with local mechanics, cab associations, and drivers by offering fixed commissions or limits.
- To support sales, start car wash administration and motor oil administration.
- Make an impression on existing customers on the timeframe with limited costs.
- Remember to take feedback and improve according to it.
- Enquire about the Collaboration of existing tire brands and agencies.
Wheel Alignment Types
Contingent upon what gear you are comfortable with utilizing, you can give either a mechanical or a modernized wheel alignment administration to your customers.
Choose whether you will utilize hand tools or automated machines. The two choices accompany advantages and disadvantages. The mechanical kind will demand you low startup costs, however, you should get all-around trained before you prepare for conveying administrations all alone.
The speed of conveying administrations is also low. An electronic wheel alignment contrary includes utilizing PC-operated machines. While startup costs are immense, your profitability will be rapid.
We might want you to consider electronic decisions since automobile proprietors offer priority to mechanized help since it is done within 5-10 minutes.
Purchase Tools or Machinery
To convey mechanical-based wheel alignment administration, you should purchase the right arrangement of tools including a camber gauge, adjustable wrench, four jack stands, string spool, tape measure, control arms shims, and so on
The average cost for a mechanized wheel alignment machine aggregates around $6000 while a wheel balancer machine costs $1500, thus, a total of $7500 will only go for the two machines.
But remember the cist may vary from one country to another.
How much does a wheel alignment cost?
It usually depends upon the car model but on average it takes half an hour to an hour for the wheel alignment. If someone came with an expensive car then it takes longer. Please remember to do alignment you need to hire some professional who works for you.
The price varies by a few pounds. If we talk about UK and USA it costs around 15-20 pounds for wheel alignment. Also, it depends upon what car is getting alinement.
In the beginning, you can set a price that attracts customers with time you can increase the price but try to provide quality services because that is what makes your business successful.
Profit of Wheel Alignment Business
The profit potential of the wheel alignment business is huge because you have to only recover the cost of the machines, labor, and maintenance. So, the profit you can get ranges from 10 to 30% because initially, you have to recover the cost of the expensive tools in which you have invested.
But as the time grows and you recover your cost then your profit will also increase. The margin is high in this type of business but it takes time to reach there.
I hope you liked the guide on starting a wheel alignment and other aspects of the business as well.