The Vehicle Services Business

For many people, car services can be an expensive business. In fact, your fellow Volcanologists have often thought that there ‘aint no valet low enough…

Steve P writes…

I spent time working for a car hire firm in London.

Spotted an opportunity to generate lots of cash from the existing assets and started offering to service people’s cars. We would supply a high quality car, pick up their car service it and then valet it before returning their car and picking up the hired car again.

This created around £180K of extra profit in the first year on a £1m turnover…Most of the £180k was pure profit because we had the mechanics and just utilised them better.

How about creating a new service which we can either license out or build ourselves. A complete vehicle services business, supply cars, service them, valet them, hired cars, mini cabs/taxis, vehicle leasing, car insurance etc.

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Published:
06.27.07 / 6pm
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