Two Wheeler Repairing Service Project Report for your new startup is available for sale at a nominal price. It contains every important detail about this startup so that you can use it to get all important details before you invest your money in this venture. Every businessman requires a project report so that he can use it as a roadmap and take every right decision. It takes time to understand the complete dealings in the business venture so initially, this project report will help you for seeking all relevant information.
Are you interested in opening a service station? You will require a multi brand two wheeler repairing service project report for this business, here you will get the complete project report for opening two wheeler repair shop business which will help you to start a service and repair shop.
In today’s life, everyone has a scooter and bike; They can break down in the middle of busy roads, and the vehicle owner has to face the problem of where to fix it so that you can offer them a service and repair garage.
A two-wheeler repair shop is important because every person needs a vehicle fixed; Here in this article, we analyze the business requirement which will help you to acquire skills in a two-wheeler repair garage.
Multi-brand two-wheeler service center project report is all set to provide you with every essential detail about this new setup. Two wheelers repair business is a highly profitable business in India as one cannot ignore the importance of owning an affordable personal vehicle. Among the best small-scale profitable business ideas, repairing a two-wheeler is a money-making opportunity.
Two-Wheeler Repairing Service Project Report
Table of Contents
- 1 Two-Wheeler Repairing Service Project Report
- 2 What is a Two Wheeler Repair Center?
- 3 How to download the Bike Repairing Shop Project Report ?
- 4 How do I start a Two Wheeler Repair Business?
- 5 Market Potential
- 6 How To Start Two Wheeler Repairing Service Business?
- 7 Select a Location
- 8 Registration and Bank Account
- 9 Business Management and Accounting
- 10 Grow your Business and Sustain It
- 11 How to hire staff for two wheeler repair service station?
- 12 How to compete with competitors in two wheeler repair business?
- 13 Learning Two Wheeler Repairing
- 14 Tools and Equipment Needed To Start a Two-Wheeler Repair Station
Before starting a two-wheeler repair service center you need to check out the scale of business you want to start, and do you know how to do the service or repair of two-wheelers. Do you have the required skills and a lot more? If the answer to these questions is yes, then you can start this business.
Vehicles of every category are available in the market. People of all income groups owe them. Bikes and scooters are commonly used two-wheelers. Starting a two-wheeler repair business is surely going to prove profitable for you.
Bikes and Scooters are cheap than other two-wheelers found in India. This is the reason that people drive them more so they are more prone to faults in them. Everything requires service and so do two-wheelers. The need for owning a two-wheeler by people today is significantly growing.
Although the expansion of roads is going on throughout the country but still to reach somewhere at a fast speed and cover the jam, two-wheelers are useful. Thus people require service centers to timely repair their two-wheelers and service them as well.
Two-wheelers being an affordable vehicle is a means of personal transport. Used by people of all income strata, two-wheelers say bike, is brought to use to go to the office and return home. One can carry a two-wheeler through a traffic jam and easily park them.
Having many advantages, bike or scooter users are increasing day by day and so are the problems related to their service. There is a huge need for maintenance services and so it is the best business to start in India.
What is a Two Wheeler Repair Center?
Two wheeler repairing business is one of the best electrical business ideas that you can plan to start. At present all the machinery and equipment are made by humans using different components. In making a vehicle, different parts are used. Parts work together to run a vehicle. A two-wheeler can work properly if all the parts are rightly fit and work properly. When a vehicle runs on the road, it requires timely maintenance and service so that it can work further for more years.
Servicing vehicles involves cleaning all the parts and applying oil when needed. Parts of two-wheelers may turn defective so you need to get them fixed. Thus the place needed for repairing and doing the service of two-wheelers is a service station.
How to download the Bike Repairing Shop Project Report ?
- The first step is to add the two wheeler repairing service project report to the shopping cart.
- After this, the second step is to checkout.
- The third step is to pay the fee to get the information.
- There will be an option to download the Two Wheeler Workshop Project Report immediately after payment.
How do I start a Two Wheeler Repair Business?
There is no doubt stating that a two-wheeler business can start from anywhere and by anyone. You should be capable to bear the cost of starting a two-wheeler repair center. To start a two-wheeler repair business you must possess good knowledge of bike repair and maintenance. It is an opportunity for you to grab this profitable business chance. If you don’t have experience in this field then you must learn skills and gain some experience before starting this business.
If I talk about volume, the vehicle repair and service market is expected to rise by $800 billion in the upcoming years. There is an increasing need for better spare parts and this is driving the need for good quality spare parts so people are shifting from garages to organized two-wheeler workshops.
The research says that after the accident the owner of a bike rushed to auto solutions providers that are trustworthy, well-established, and can balance free and paid services at their end. The overall import of vehicles these days comes with massive demand for two-wheeler workshops.
As it is the time of urbanization, the overall repair and service sector contributes to 6.45 in GDP and has employed millions of people at work. This industry is going to flourish in further years as well.
The business performance of the bike repairing workshop industry is rising despite changing technology in the world. It is thus getting difficult to run garage and repair shops due to advancements in technology. Thus you need to start a two-wheeler workshop to provide the latest technology and service to the customers.
How To Start Two Wheeler Repairing Service Business?
The first step is to write two wheeler repairing service project report.
A two-wheeler repair business model needs to have all important components like a set-up plan. You need to first make the business plan so that you can get investment for your setup. If you are starting a small-scale business then there are many things you require money for like land, rental space, raw materials, tools and equipment, and staff. Replacement parts cost is surely paid by the customers. You can ask for advance payment also if the spare part is expensive.
The initial investment required for this business is Rs 5 lakh. You can arrange some money from your friends and you can arrange a bank loan. You can also large high fees for repairing advanced vehicles.
You need to initially check out what services you will be offering. Hiring staff is another important requirement as maintenance services require skilled staff. Check-out is important on which services you will ask your staff to provide. You can fix fees based on the cost, profit margin, and time required to set up this business.
You can charge a reasonable fee from customers in the beginning and plan to create a strong customer base by offering genuine services. Later you can increase your charges. You can also keep the name of your two-wheeler repair service station. The name should be eye catchy and unique. It is important to choose the right name that can define your business for a long period.
Select a Location
When you select a location for your business, you must select a place that has good footfall. It can be on a busy road. You can choose a particular area as your location that is especially famous for bike repair. People usually visit famous repair areas when their vehicles cause them trouble.
You can attract more customers if your location is good. You should also do proper fittings in your shop so that you can place all the equipment and carry out repair tasks properly. You need to keep good parking space so that you can repair the bikes timely and deliver them. These points need to be considered while choosing the location for a two-wheeler repair business.
Registration and Bank Account
In India, you need to get the two-wheeler repair service center registered under the shops and establishment act. You need to obtain digital signatures, open a current bank account, get a GST Number, Get a pan number, etc.
Other legal formalities depend on the scale of your business, the capital invested and several staff members you are hiring. You must consult a professional to arrange all legal requirements fulfilled without any problem. You can also open a separate bank account for your service station so that you can easily do all the transactions related to your business from it. It will become easy to manage your business.
Business Management and Accounting
It is one of the major steps in managing your business and growing it. You must carefully do the accounting part of your business or hire an accountant to do it. Keeping a track record of expenses and income earned is important. Use your ideas to make good decisions for the growth of this business and expand it. Keeping a record of your financials. You can access free digital ledger and bookkeeping for your business using mobile apps. You need not require any financial expertise to operate these apps.
Grow your Business and Sustain It
Once you start your business on a small scale, it becomes necessary to attract customers by any means. You can personally connect with the target audience and provide them with good service. They will come back to your station if your service is good. You can also tell your friends and family to spread the word about your service station among your friends.
You must have good knowledge about all the two-wheelers you are repairing in your service center. You must stay updated about new models of bikes and other two-wheelers in the market. It will give a positive impact on customers about you.
You must keep information about the services your competitors are offering at their service centers and the money they charge. Initially, you can keep fewer charges. You can also launch your website which will grab more customers to your service station.
How to hire staff for two wheeler repair service station?
If you don’t have much knowledge about repairing two-wheelers then you must hire experienced and trained mechanics who can focus on servicing and repairing two-wheelers. You can hire more staff as per need.
How to compete with competitors in two wheeler repair business?
You can offer good customer-centric repair and service options like home pick up and delivery at your doorstep or office. You can also expand your bike service and repair center by selling accessories like sunglasses, helmets, gloves, etc at the service station only.
You must distinguish yourself from your competitors by personally connecting with the customers and satisfying them with your service. Focus on providing a good service experience to your customers.
Learning Two Wheeler Repairing
If you can spend on hiring an employee who will take care of repairing the two-wheelers then you don’t need to learn two-wheeler repair. One or two staff members will solve your problem.
Before you start this business you must learn repair so that you can control your business strongly. If an entrepreneur is not aware of anything related to bike or scooter repair then your staff will be negligent and your customers won’t feel satisfied.
If you have awareness about this business then you can guide your staff to work in the right manner. Thus you must learn this work before starting it.
Tools and Equipment Needed To Start a Two-Wheeler Repair Station
It is important to buy all the required tools and equipment before starting this business. You can easily get them from the local markets or online. Some large compressors are used to fill in air or machines to wash or service that are compulsory to buy. Small tools are crucial so you need to get them too.
- Hand tools
- Socket wrench with handles and extensions
- Different types of wrench
- Allen / hex bit socket
- Impact Wrench or Driver
- Plastic or rubber hammer
- Thin-faced Plas
- torque wrench
- Tire pressure gauge
- Motorcycle Toolbox Key Items
- Nitrile gloves
- Mechanic gloves
- Shop rag
- Zip ties
- Loctite Threadlocker
- Spare fuses
- Penetrating oil
- Chain lube
- Mixed nylon and wire brushes
- Grunge brush
- Utility knife
- Other accessories
- Front/rear stand
- Rolling stool
- Work lamp with clamp
- Magnetic Dish
- Adjustable wrench
- Breaker bar
- Portable air compressor
This is our list, you can choose your tools and equipment from this list and start this business.
Staff recruitment depends on you itself. If you want to be the mechanic yourself or hire them. You should hire responsible people who can take complete responsibility for this work. You would need 2 or 3 helpers if you want to work as a mechanic.
An entrepreneur can find good people who want to learn to service or repair two-wheelers and you can use them as a helper also. If you plan to work in this setup on a large scale then you need to hire mechanics or helpers more in number.
How to do marketing of Two Wheeler Repairing service center?
In today’s time if you want to repair two-wheelers and provide service facility then you can use internet facilities. People usually search for a good bike repair center near me and reach the service stations.
An entrepreneur who wants to start repairing centers and service stations can do the market over the internet. You can also advertise your business through banners, posters, or pamphlets.
You can also develop your website and put relevant information on it about the services you are offering. Along with this, you can mention your details like address and contact numbers so that the customers can easily reach you.
You should offer reasonable rates to the customers because the result of marketing is seen when customers approach you and get satisfied at nominal rates of repairing services. You can also provide the facility of pick and drop to your customers for their two-wheeler service and repairs.
How To Maintain and Expand Two Wheeler Repair and Service Business?
Once you start your small-scale business it is important to keep your clients. You should try to maintain a personal link with the clients and offer them good service. This will not just help you in retaining these customers but will also recommend new clients.
You should have sufficient knowledge about two-wheelers and fulfill all demands of your customers. You will be able to provide enhanced services to your customers if you have good knowledge about the two-wheelers. You must possess the capability to meet the changing demand of customers from time to time and this can be done only if you possess good knowledge.
To stay superior to your competitors you should be familiar with the services they are providing and at what rates. You also need to implement various strategies to advertise your business and technological improvements can help you with additional benefits.
If you have an online presence of your business through your websites you can grab direct customers. People will be able to easily contact you.
Two Wheeler Repairing Service Franchise
When you plan to start a two-wheeler repair business then you can consider opting for a two-wheeler repair service franchise also. The franchise is a third-party buyer who buys brand rights from the franchisor. The initial franchise fee is the set-up cost of a two-wheeler service station and the franchisee pays it to the franchisor. In return, he gets the right of using the franchisor’s trademark.
The business support of the franchisor is advantageous to the franchisee and you get everything to start this business. You can get the name, supplies, tools, marketing strategy, etc for running this business.
How To Succeed in Two Wheeler Repairing Shop Business?
If you are starting your two wheeler repairing centre the first thing that comes to your mind is the success of the set-up. For every individual who owns a vehicle, it is impossible to get it repaired at one time or the other.
People are fond of buying bikes and scooters, therefore they focus on quality repairs and do not worry about the cost of repair. As vehicles have become technical so people take them to automobile workshops for simple issues also.
Therefore it is a lucrative business plan to start a two wheeler repair workshop in India. It is a garage that repairs modern vehicles. The repairs are done by mechanics and technicians. Being an unorganized sector, bike repairing workshop has a good potential market. Therefore more and more businessmen are opening auto workshops to provide customers with the best car services and repairs so that they return to them again.
Layout and Structure of Two Wheeler Repair and Service Workshop
When you start your bike workshop you need to plan out the layout and design of your service centre. You need to use a clear lift hoist, so the ceiling must be at least 14 feet high. The access needs to be wide enough so that the customers can comfortably drive in their vehicle.
The different areas that need to be there are a reception for customers, a hall for clients, a car lift area, a warehouse to store spare parts and tires, an office, a workbench area etc. The bike repair workshop should be set in a way that it maintains a uniform, professional appearance for clients improves their experience and maximize space. The waiting area needs to be nice so that the customers can sit and relax while their vehicles are being serviced.
A TV can help you with this and a coffee serving machine can help clients relax.
Cleanliness plays a vital role. You must keep the workplace clean and maintained. It conveys a professional attitude of your work to the clients. Customers will be able to judge the quality of your work and place and enjoy the cleanliness there.
Services you can start in Two Wheeler Workshop
The major concern is that you need to provide standardized service trust and transparency to your clients. The right infrastructure is important too so that you can provide good service to your customers. The services that you have to provide are the following.
- Oil change and Periodic Maintenance
- Denting Painting and Body Repairs.
- Automatic bike / vehicle wash
- Tire Service
- Diagnostic and service
- Repair and Maintenance of fuel injection system
- Overhaul clutch and suspension system
- Electric Vehicle Charging Station
Rate of Services
Setting up the competitive rates of your service is a plus point. You should keep nominal rates. Neither too high nor too low. The customers should not find the service to be too expensive. If it is expensive the customers will hesitate to come to your two wheler workshop. It should not be a loss to you too if you keep the rates down.
Two Wheeler Repairing Service Project Report or business plan
Every business needs a proper business plan & project report without a business plan you cannot run any business successfully, here we have mentioned some important factors which are necessary when setting up a two wheeler repair workshop.
Protection and Insurance of Bike Repairing Shop
You should stay planned from day one to bear risks and avoid losses. Protection is always better. A good business should stay safe from future risks and mishappenings. Therefore you should have all the necessary arrangements to tackle problems. Get the best insurance for your business which can cover all major risks.
two Wheeler repair business license and Documents List
While starting a two wheeler garage business you need to deal with certain documents and licenses, the licensing status required for a bike repair and service business varies. The motor vehicle department of your state can give you an application to apply for a license. Here is the important license and permit list.
- Firm Registration: You can start either proprietorship or partnership firm in a small to a medium auto garage business. If you are starting this business as a one-person company, you must register your firm as one personal company. For a partnership operation, you must register as a Limited Liability Partnership (LLP) or Private Ltd Company with the Registrar of Companies (ROC).
- GST Registration: Apply for GST registration which will allow you to get a GST number that is mandatory for running a business.
- Trade License: Get a trade license from a local authority.
- Pollution Certificate: Two wheeler service and repair business can cause pollution; Therefore, you need to obtain a pollution certificate from your state’s pollution control department.
- MSME / SSI Udyam registration: If you want to get government subsidies and schemes related to your business then you have to apply for Udyam registration.
- Trade Marks: Secure Your Brand with Simple Registration for Trademarks.
- A good project report is essential for various types of licenses and registrations.
SWOT Analysis for Two Wheeler workshop
- Strengths: A two wheeler business is a very good business because the vehicle owner has to face the problem of where to fix their bike or scooter so you can offer them repair services. A two wheeler garages business is a profitable business. Everyone wants their car to run smoothly and they are looking for good maintenance.
- Weakness: Choosing the right equipment for your two wheeler repair business is a very important task. You can also hire employees who specialize with repairing skills. Thisg business requires both manmade and machinery capital.
- Opportunities: Every business needs a proper business plan without a business plan you cannot run any business successfully. You need to market your two wheeler repair service using a different promotional strategy. You can promote your business using local media such as newspapers and radio stations. In addition, you can use digital marketing to take your automobile business to the next level of marketing.
- Threats: To spread a two wheeler repair business name in the market you have to do a lot of fight and hard work.
Contents of Bike Repairing Shop Project Report
|1||Project at a Glance|
|2||Highlights of The Project|
|3||General Information and Location|
|6||The Project Proposal|
|7||Prospect for Investment|
|8||Potential Target Customers/Market|
|10||Critical Success Factors|
|11||Process Details and Technical Aspect|
|12||Process Flow Chart|
|14||Installed and Operational Capacity|
|15||Raw Materials and Consumables|
|16||Machinery Power and Manpower|
|17||Tentative Implementation Schedule|
|18||Basis & Presumptions|
|19||Capital Investment Estimates|
|20||Computation of Working Capital Requirement|
|21||Projected Profitability Statement|
|23||Term Loan Repayment Schedule|
|24||Debt Service Coverage Ratio|
|26||Internal Rate of Return|
|27||Pay Back Period|
|28||Permits and Business Licenses|
|29||Important Steps to Start Service Unit|
|30||Tips To Identify Suitable Project Location|
Conclusion of Two Wheeler Workshop Project Report
As a businessman, you need to complete all important registrations and obtain licenses to start your business. The bike repair workshop project report must have all the important information before you start this business. You can download the two wheeler repairing shop project report for bank loan PDF and avail financial help by writing your project report from our sample project report for the automobile workshop business. Here you can get complete information about two-wheeler repair business as well as wheel balancing and alignment unit.
Frequently asked questions on MULTI-BRAND TWO WHEELER SERVICE CENTRE PROJECT REPORT
When will I get the Two Wheeler Repairing Service Project Report after making the payment?
You will receive the Two Wheeler Repairing Service Project Report in the pdf format immediately after making the payment.
Can I download the project report of bike repair Workshop in Excel format?
No You will get the project report of Two wheeler Repair Workshop PDF Format that is Portable Document Format (PDF) format. You have to prepare the report yourself in Excel or Word format.
Can bike repair workshop make money on spare parts?
The bike repairing workshop charges a markup on the parts. They buy them at wholesale price and then sell them to you for a profit this is how the business works. The problem is that many people do not know how much parts should cost. Some mechanics try to capitalize on this by overcharging customers for components.
Is this the ready to submit two wheeler repairing service Project Report?
The project reports available here is a sample format. Chartered Accountant a small business owner can prepare the report according to his target with the help of sample project report.
Can I download Two Wheeler Repairing Shop Project Report and use it for bank loan under pmegp mudra and another government scheme?
The main aim of this project report is to keep you aware about various aspects of business and to give you a sample format for preparing project report for your business. However as per your need, our experts can also prepare a report for getting a loan from the bank be it under any scheme.
How To Write a Project report?
It is very simple to write a project report. You just need to get the sample project report format download and write your market information about demand, cost, equipment, machinery and marketing in your Two Wheeler Repairing Service Project Report project report. If you dont know how to write the bike repair workshop project report you can download the sample two wheeler workshop project report from our website by paying us.
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