The auto parts retail industry enjoys resilience even during times of economic downturn. Therefore, learning how to start an auto parts shop. It can be a profitable venture. According to a May 2017 article on the website Bloomberg Businessweek
Before you open an auto parts shop, you must conduct thorough research of your local market area.
Pick a Location
Determine the saturation of auto parts stores in and around your prospective area of business. The nature of your potential buyers as well as their purchasing power.
Conduct Market Research
If your shop is near any of these big-name retailers, you must create a market entry strategy that ensures the viability of your shop. For example, if you are near a Bajaj Auto Service Centre Automotive shop, which sells its own brand name and private label products, you should specialize in a label or a service aftermarket parts that it does not offer.
Obtain Licenses and Permits
States have varying rules and regulations. You must register your business and obtain a general business license. Because you are going to sell auto parts, you must file for a sales tax registration as well. i.e.GST
Hire Store Staff
The number you will need depends on the size of your shop.
Investment
Initial investment is about 2 lakhs or less.
What We Offer
- Free GST Registration (*If Not Available).
- GST Filling at Low Cost (*If Not Available).
- Availability of almost all auto parts and accessories will make you stand out from the other available stores in the area.
- Returns of unsold Spare Parts. To avoid unsold product risks.
- Local retail customer leads provided by us.
- Marketing support
- No Sales Targets
- Profit up to 10% to 50%
COME JOIN US
BE A PART OF THE WINNING TEAM. Let our successful corporate journey begin.
