Car repairing business is a leading business in Nigeria and even the world at large, given the fact that a good number of Nigerians and across the country are car owners.
There is always a possibility that cars will have reasons to develop a fault, thereby visiting an automobile repair shop irrespective of whether the car is new or fairly used. Thus, car repair business basically entails the fixing and/or repairs of cars and other kinds of vehicles.
While some people choose to specialize in a certain aspect of car repair business, others choose to work all kinds of cars.
That is why you find some auto mechanic workshops specializing in fixing of certain brands of cars alone such as Honda, Toyota or Benz. The choice, however, is yours, as to which aspect of car repair business to go into.
Make your findings first before embarking on auto mechanic business, so as to be profitable in the business venture with time.
How Profitable is Car Repair Business In Nigeria
In any business, money can never be overemphasized nor underestimated. Of course, the essence of going into any business is to make profits, aside from the fact that you provide solutions to people’s problems.
People visit auto garages for different reasons; it could be for refurbishing or major repair works, but for whatever reason, auto repair garage will always translate to money for the owner of the repair garage to meet up targets and challenges.
This therefore emphasizes or re-instates the fact that this business is profitable and lucrative. Start a car repair business today. You are going to make profits because people’s cars are going to spoil and they are likely to visit your auto mechanic workshop for repairs or maintenance.
The profitability of this business, therefore, lies in the aspects of car repairs and maintenance.
Market Structure for car repair business in Nigeria
An auto repair shop can differentiate itself by offering services most shops don’t offer.
A car repairer can also differentiate himself by narrowing his focus and specializing in a specific make and models. Car repairers usually earn more in cities and areas where vehicles are more expensive to maintain.
A car repairer can be a mechanic or a technician. The market structure, as seen therefore is a function of specialization. It is a bit competitive, though lucrative, as seen from the profitability indices already discussed.
How To Start Car Repair Business In Nigeria
Knowledge needed/training required:
Starting a car repair business in Nigeria doesn’t necessarily mean you must be a mechanic but having basic business knowledge in all you would need.
Learn practical way asides by getting attached to an expert in the business. Reading articles like this or on the net can also help to gain knowledge about car repair experience in an auto repair business in Nigeria.
Certificates and Licensing:
You would be required to own a license in order to start an auto repairs workshop. Be sure to get all the pieces of training and documentation needed. Registrations can be done by corporate affairs department of a state or country which will help position you to do business with corporate entities.
Minus the shop rent, the tools needed to start a car repair business in Nigeria could cost between N50,000 to N100,000.
Tools, Equipment needed to start car repair business in Nigeria
A lot of tools are needed in a car repair workshop. They include:
- ring and open end spanners,
- handheld mechanic lamps,
- diagnostic scanners,
- dial gauge,
- rolling oil pans,
- bearing pullers and other good specialty tools.
You also need to acquire a workshop/garage.
Other Materials and Machines required to start Auto Repair Business Plan in Nigeria are:
Office complex, consulting/service delivery area, reception, etc., storage area, Hoist, Jack, Oil change box, tyre changer, tool box, air compressor, grease gun, battery changer, welder, warehouse, computers with point of sale terminal, computers with printer for back office, display shelf for retail products, stationeries, power source, etc.
Before you start a Car Repair Business In Nigeria, try to do a feasibility study of your proposed location first. Find out the local customs and practices.
Also try to know the government regulations governing the location first, before you start. It will go a long way to aid your sustainability in the business.
Is the location for your Car Repair Business close to the target market? Are there basic amenities there? Is there a power supply? Try to find these out you’re your target location before you embark on the business.
The location at which you start your business will to a large extent determine how profitable it will be. You should not start this business where you have many people doing the same business. Look for areas where you could be the first to begin the business with high demand.
You can succeed in attracting your clients through furnishing your worship with sophisticated equipment, providing good equipment would give an impression that your service would be of high quality.
You could start your repairs by visiting homes to repair their damaged car. Then going on mobile to reach out to them in case of the next call.
Able and ready hands should be employed and trained to do this work. They can be paid based on the jobs completed.
Advisers are needed in this business to guide a starter on how to run and protect his business.
Engaging in effective advertising in business yields good money. You can choose to advertise on tv, radio and printing eye-catching fliers. Whichever suits you best, please go for it, especially the cost-effective ones.
Competent hands, good and quality services can help sustain changes. You might render assistance b visiting a customer to help fix up. This will help your customer associate you with loyalty and convenience. Offering customers a free oil change after they come to fix their cars can help sustain them.
Summary & Conclusion
Car repairs business in Nigeria requires good planning. The needful is to arm yourself with the necessary knowledge about automobile repair. Get the details, know what is involved, make inquiry before you start up.
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