22864

Automobile Service Workshop

Nigeria
Market: Auto Maintenance
Stage of the project: Operating business

Date of last change: 03.11.2017
Min amount of loan
$ 50.000
Estimated yield
5 % a year
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Total required
$ 100.000
Rating
equalizer 153 from 1000
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Idea

we provide services for vehicle owners, for the maintenance of their vehicles

Current Status

we in operational already, rendering servicing for our various clients across the country.

Market

our clients are in various categories, in age and in position in the society, from civil servants, politicians and business men,

Problem or Opportunity

we are solving the problem of their various vehicle by the servicing we are rendering for the servicing of their vehicles.

Competitors

Our competitors are client who don;t have good equipment for the service, they use local painting room for spraying painting of vehicles, no diagnosis machine to diagnose fault of various car as most of the vehicle from 2000 year are OBD Compliance. there are road side workshop

Advantages or differentiators

The advantage of our services are the experience engineers, also the update equipment in our workshop has made us incomparable with the road side workshop.

Finance

our price for servicing depend on the type of work we will carryout on different vehicle, and it also depend on each customer,
1. painting of general body from $200-500
panel beating from $50-1000 depend on type of work on the vehicle, some are accident vehicle and some are minor works
3. Electrical works are also varies from $20-500\
4. Mechanical works are also varies from $10-500

Loan terms

36 months

Interest rate, %

5

Business model

One, we have clients who we try all means to keep, we also intend to make sure their problems is solve by paying attention to the complained from their various challenges from their vehicles.
Our vision is to create a standard that will give us an edge over our competitors, to archive this we will make sure that the standard and quality of our service is stand out, in doing this our customers will be satisfy, and more revenue will come to the company.

Solution (product or service)

we will manage their vehicles by making sure that their vehicle are in good condition at all time, keep to time and make sure we don't disappoint our clients

Risks

The risk in an automobile workshop is security, fire accident, stealing of parts, which have made all necessary arrangement to this regard.

Won the competition and other awards

Entrepreneurship award from Federal University of Technology (FUTA) Akure
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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Videos
 
I want to lend