About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
Business At A Glance
Automotive Used Parts
Startup Costs: $10,000 - $50,000
About
Franchises Available? No
Online Operation? Yes
Apply your auto industry know-how to sell used car parts.
Business Overview
Starting a business that specializes in used automotive parts is a fantastic business venture to get rolling, especially if the focus of the business is to supply hard-to-find or rare used automotive parts. The business can be operated from a homebased garage location, or a small industrial space can be rented. The used automotive parts can be advertised for sale in traditional media, such as trade-specific publications and newspapers, and by word-of-mouth referral. The profit potential for a used automotive parts business is fantastic, especially if the business specializes in rare or hard-to-find parts. Gross profit margins of 50 percent or more are not uncommon in the industry. A direct-mail marketing campaign targeted at car clubs and owners of rare cars can also be a very effective marketing tool.
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About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
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