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Laptop Repair A Good Business?

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MAY.05, 2022

Computer Repair Concern Plan Sample

computer repair business plan pdf

Computer Repair business plan for starting your own shop

Starting a computer repair business is undoubtedly a profitable venture. In this era, computers accept become an integral role of offices, industries, organizations, institutes, and even homes. Any enterprise that uses computers to manage its operations likewise needs some accurate computer repair services to timely maintain, repair, and upgrade the computers.

Thus, if y'all are thinking about starting this business, you don't demand to worry about the scope and opportunities. Simply focus on how to open a computer repair business organisation. For that, you will need to brand a business plan for figurer repairs, as the offset stride. In case, you don't know how to create a comprehensive computer repair business programme pdf, nosotros are providing here the business concern plan for a startup, PC Fix.

Executive Summary

ii.1 The Business

PC Fix volition exist a licensed and registered computer repair business startup. The business volition be based in Boston. The business organisation volition provide computer repair, maintenance, and upgradation services to individual customers, and modest and large business organisation setups.

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2.2 Management of Computer Repair Shop

Computers tin get software and hardware problems anytime. Therefore, if you desire to start a computer repair business concern you lot must have adequate staff. So that you can provide your customers with instant support.

While you decide your strategy about how to set up a calculator repair business, you should starting time gathering a skillful workforce. To manage your business, yous will also be needing experienced supervisors to monitor all aspects.

ii.3 Customers of Computer Repair Shop

Earlier researching how to first a computer repair concern you should explore who will be your customers. Knowing your customers will help you in amassing the equipment and staff that could come across their demands.

PC Ready identified its customers as individuals who possess their personal computers, small and large businesses, educational institutes, and authorities organizations.

2.4 Business Target

Our aim is to become the most renowned figurer repair business within a year of our launch. Our financial targets to exist achieved over the adjacent iii years are demonstrated in this table.

3 Years Profit Forecast - Computer Repairs Business Plan

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Company Summary

3.i Company Possessor

Steve Wayne will be the owner of PC Ready. Steve has an Associate Degree in Computer science. He has worked as a computer support specialist for iii years at Boston Finance Commission.

3.2 Why the computer repair shop is being started

Steve gained extensive experience in his field during his job. After three years he realized that he can earn multiple folds past becoming an entrepreneur. Considering his knowledge expanse he decided to start estimator repair business plan pdf.

3.3 How the figurer repair shop will exist started

Step1: Plan your business

Equally a first step, you should programme everything about your computer repair business plan pdf and write it in your computer repair business description. If you don't know what to include in a computer repair business programme pdf you can take aid from this computer repairs business program example. In this computer repair business concern plan sample we have listed everything about PC Fix including market assay, sales business strategy, personnel program, and financial plan.

Step2: Define your brand

After creating your computer repair business organisation program pdf, it'due south now fourth dimension to acquire the required licenses and setting up your physical presence. Meanwhile, you should also define your business concern values and aims to brand people feel associated with your goals.

Step3: Outset the recruitment

The side by side step is to initiate your hiring process to find the most competent employees.

Step4: Get set to promote & market place

After you've ended all the above-mentioned steps, you lot should go for promoting your services.

Step5: Establish a web presence

These days, whenever people need any type of service, they search for information technology on Google. Therefore, it is very important to establish a strong web presence. Information technology will enable you lot to come in top searches. And it volition too let y'all to attract more people by showing them others' feedback.

Startup Cost - Computer Repair Business Plan

Start-up Expenses
Legal $252,800
Consultants $0
Insurance $33,000
Rent $26,000
Research and Development $28,000
Expensed Equipment $54,000
Signs $four,100
Total Kickoff-Upwardly EXPENSES $397,900
Start-up Assets $322,000
Cash Required $333,000
Kickoff-up Inventory $54,000
Other Current Assets $200,500
Long-term Avails $225,400
Total ASSETS $i,134,900
Full Requirements $ane,532,800
START-UP FUNDING
Start-upward Expenses to Fund $397,900
Start-upwards Assets to Fund $1,134,900
TOTAL FUNDING REQUIRED $1,532,800
Assets
Non-greenbacks Avails from Get-go-upward $1,510,900
Greenbacks Requirements from Kickoff-up $367,500
Boosted Cash Raised $54,000
Greenbacks Rest on Starting Engagement $34,000
Full Avails $1,966,400
Liabilities and Capital
Liabilities $29,000
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $44,000
Other Current Liabilities (involvement-complimentary) $0
TOTAL LIABILITIES $73,000
Capital
Planned Investment $1,532,800
Investor i $0
Investor 2 $0
Other $0
Additional Investment Requirement $0
TOTAL PLANNED INVESTMENT $1,532,800
Loss at Showtime-up (Start-up Expenses) $360,600
Full CAPITAL $i,893,400
TOTAL Majuscule AND LIABILITIES $one,966,400
Full Funding $1,532,800

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Services

Before owning a computer repair business concern you should decide your services. Through this, you volition be able to purchase the correct equipment and hire the right staff. In this estimator repair concern plan template we are listing the services of PC Fix.

  • Hardware Repairs/ Maintenance/ Upgradation

We'll also provide computer hardware repairs. Hardware bug are very mutual in computers. People often mutter about screen freezes, bluish-screen, file corruption errors, and abnormal shutdowns. They are all in actual hardware issues.

Along with information technology, we will provide regular maintenance and upgradation services on an instant basis as well every bit on monthly and yearly contracts.

  • Software Repairs/ Maintenance/ Upgradation

We will troubleshoot and resolve software issues and faults. When hired on a monthly or yearly contract, we'll ensure regular maintenance and upgradation of software.

  • Computer, Laptop and Mobile Accessories

We volition besides offer computer and cellphone accessories such as network interface cards, batteries, speakers, headsets, USB flash drives, etc.

  • Database Direction Arrangement Development

Our final service will be for businesses, institutes, and organizations. In this, we will develop a cost-constructive database direction system for them to manage large and irregular datasets.

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Marketing Analysis of Computer Repair Shop

Earlier starting computer repair business information technology is essential to conduct out a detailed marketing analysis. Marketing analysis allows you to identify ongoing and forthcoming market trends. That will eventually enable you to recognize

  • The customers that may exist directly or indirectly interested in your services.
  • The unoccupied opportunities to serve your target customers.
  • The ways that can best capture the attending of your target customers.
  • The product prices that tin assist you lot depict customers as well as earn profit.

Marketing analysis should be done systematically. If you don't know what to include in a marketing programme, yous can take help from here. In this blog on how to write a business organization plan for computer repairs, nosotros're providing the marketing assay washed for PC Fix.

5.one Marketplace Trends

In the United States, almost everyone possesses a personal computer, laptop, or cellphone. Along with information technology, to manage large data sets and to work on enquiry areas, government organizations, educational institutes, and businesses employ reckoner-based labs and systems. With these electronic gadgets, come their hardware and software issues. Therefore, a computer repair business is needed more than ever.

Currently, more than 41k calculator repair businesses are running in the U.South. according to IBISWorld. The market size until 2022 is reported to be $18 billion. Moreover, the industry has also acted as a source of employment for more than 124k people.

5.two Marketing Partition

Before opening a computer repair business, yous should identify the groups of your target customers. Doing this will enable you to recognize their expectations, needs, and purchasing capabilities.

As computers are used in well-nigh every field now, the customers of the computer repair business organization belong to diverse walks of life. The major groups of customers as identified by PC Prepare are given below.

Marketing Segmentation - Computer Repairs Business Plan

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5.2.1 Individuals

The first group of our target customers comprises people and students who have their personal computers and laptops. This category gets really worried on encountering any faults/ problems with their devices. Therefore, nosotros expect them to visit our store oftentimes for hardware/ software repairs and also for purchasing electronic accessories.

5.2.2 Pocket-sized & Big Businesses

The second group of our target customers volition be businesses. Nowadays companies utilise computers to monitor their business, cash flows, and to perform their work. Thus, they are expected to avail of our services on a contract basis every bit they need regular maintenance and upgradation.

five.2.three Educational Institutes

Our third category comprises educational institutes that take established calculator labs for report, enquiry, and management purposes.

5.2.4 Government Organizations

Last we also expect regime organizations based in our city to be our customers for their calculator repairs and upgradation.

Market Analysis
Potential Customers Growth Yr 1 Year 2 Year 3 Yr iv Twelvemonth 5 CAGR
Individuals 27% 31,000 32,000 33,000 35,000 37,000 10.00%
Small/ Big Businesses 30% 34,000 35,000 36,000 37,000 38,000 10.00%
Educational Institutes 25% 24,000 25,000 26,000 27,000 28,000 ten.00%
Regime Organizations xviii% xix,000 twenty,000 22,000 23,000 24,000 xi.00%
Total 100% 108,000 112,000 117,000 122,000 127,000 10%
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v.3 Concern Target

In your computer repair business concern model you should clearly ascertain your reckoner repair business organisation plan pdf targets to be accomplished over a specified time. This tin aid you in directing your workforce and your resources towards a mutual goal.

PC Set aims at

  • Earning a net profit margin of $28k per month by the finish of the tertiary year
  • Earning an average rating above 4.65 by the end of the kickoff twelvemonth
  • Maintaining a CSAT score above ninety%
  • Achieving a customer memory rate of 90% by the cease of the commencement year

5.four Product Pricing

Our prices are slightly lower than that of our competitors. This is because we want to get introduced to a large number of people as before long as we get launched.

Marketing Strategy

To capture the attending of your target customers amid huge contest, it is necessary to have an efficient sales strategy. In this computer repair business proposal nosotros are providing computer repair business marketing plan of PC Gear up. Then that you can acquire what tin can be washed to stay competitive and successful.

6.i Competitive Analysis

  1. We have extremely skilled and collaborative staff.
  2. We are highly client-oriented and are willing to go the extra mile to satisfy our customers.
  3. Customers can book our services through our website.
  4. Only we in our vicinity are providing reckoner and cellphone accessories. And that is something that will help u.s. describe more customers.

6.2 Sales Strategy

To attract our target customers, we will:

  • Establish a strong web presence by making it SEO
  • Annunciate our services through Google Local ads service
  • Provide a xl% discount on all of our services except PC accessories for the first 3 months of the launch
  • Provide a thirty% discount to organizations, businesses, and institutes on a 6-month maintenance contract.

half-dozen.3 Sales Monthly

Sales Monthly - Computer Repair Business Plan

6.4 Sales Yearly

Sales Yearly - Computer Repairs Business Plan

half-dozen.5 Sales Forecast

Unit Sales - Computer Repair Business Plan

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Sales Forecast
Unit Sales Year 1 Year two Twelvemonth iii
Hardware Repairs/ Maintenance/ Upgradation 41,000 43,460 46,068
Software Repairs/ Maintenance/ Upgradation forty,000 42,400 44,944
Computer, Laptop and Mobile Accessories 32,000 33,920 35,955
Database Management System Development 12,000 12,720 13,483
TOTAL Unit of measurement SALES 125,000 132,500 140,450
Unit Prices Year 1 Twelvemonth 2 Year 3
Hardware Repairs/ Maintenance/ Upgradation $48.00 $55.68 $64.59
Software Repairs/ Maintenance/ Upgradation $40.00 $46.40 $53.82
Computer, Laptop and Mobile Accessories $42.00 $48.72 $56.52
Database Management System Development $36.00 $41.76 $48.44
Sales
Hardware Repairs/ Maintenance/ Upgradation $1,968,000.00 $2,419,852.eighty $2,975,451.00
Software Repairs/ Maintenance/ Upgradation $1,600,000.00 $1,967,360.00 $two,419,065.86
Computer, Laptop and Mobile Accessories $1,344,000.00 $1,652,582.40 $ii,032,015.32
Database Management Organisation Development $432,000.00 $531,187.20 $653,147.78
Full SALES $five,344,000.00 $six,570,982.40 $8,079,679.96
Direct Unit Costs Twelvemonth one Year 2 Twelvemonth iii
Hardware Repairs/ Maintenance/ Upgradation $46.00 $51.00 $60.00
Software Repairs/ Maintenance/ Upgradation $36.00 $41.00 $47.00
Computer, Laptop and Mobile Accessories $39.00 $45.00 $51.00
Database Management Organisation Development $33.00 $38.00 $44.00
Direct Cost of Sales
Hardware Repairs/ Maintenance/ Upgradation $one,886,000.00 $two,216,460.00 $2,764,056.00
Software Repairs/ Maintenance/ Upgradation $i,440,000.00 $1,738,400.00 $two,112,368.00
Reckoner, Laptop and Mobile Accessories $1,248,000.00 $one,526,400.00 $1,833,715.20
Database Direction System Evolution $396,000.00 $483,360.00 $593,260.fourscore
Subtotal Directly Cost of Sales $4,970,000.00 $five,964,620.00 $seven,303,400.00

Personnel program

When you write a business organization plan figurer repair store, you should too include a listing of required employees in information technology. Through this, you lot'll be able to ascertain a criterion to select the almost competent employees. Moreover, brand sure that you besides throw light on their average salaries for at least iii years in your personnel plan.

seven.1 Company Staff

Steve will be the CEO himself. Even so, to run his business he will hire the following people.

  • ane Co-Manager/ Supervisor to procure equipment & encounter overall operations
  • eight Reckoner Repair Technicians
  • 1 Software Developer to develop management software & visitor's website
  • 1 Accountant to maintain financial records
  • 2 Sales Executives to promote the visitor and negotiate contracts
  • 1 Store Manager (to manage accessories display and sales)
  • i Receptionist
  • two Drivers

7.2 Average Salary of Employees

 Personnel Program
Yr 1 Year 2 Yr iii
Co-Director $13,000 $fourteen,300 $15,730
Figurer Repair Technicians $75,000 $82,500 $ninety,750
Software Developer $11,000 $12,100 $xiii,310
Accountant $nine,000 $9,900 $10,890
Sales Executives $nine,000 $ix,900 $10,890
Shop Manager $10,000 $11,000 $12,100
Receptionist $eight,000 $viii,800 $nine,680
Drivers $xiv,000 $15,400 $16,940
Full Salaries $149,000 $163,900 $180,290

Financial Programme

A considerable amount is needed to build a computer repair business organization. If yous want to make sure that your investment grouping to business concern plan doesn't get waste, yous must do authentic financial planning before you really start your business. An accurate fiscal program includes cash menstruum tables and diagrams, projected turn a profit and loss, gross margins, and residual sheets. Combined, all these segments provide you with the idea of how to cover any unexpected fiscal loss. Or how much to continue in reserve etc.

Here, we are providing the financial plan made for PC Fix, and so that y'all can accept a general idea of calculator repair finances.

viii.one Important Assumptions

 General Assumptions
Year ane Yr 2 Year 3
Program Month 1 ii 3
Current Interest Rate viii.nineteen% eight.22% 8.28%
Long-term Interest Rate eight.39% eight.41% eight.47%
Tax Rate 23.78% 24.33% 25.02%
Other 0 0 0

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8.2 Brake-even Analysis

Brake-even Analysis - Computer Repairs Business Plan

 Brake-Even Analysis
Monthly Units Pause-fifty-fifty 5341
Monthly Acquirement Break-fifty-fifty $131,600
Assumptions:
Average Per-Unit of measurement Revenue $233.00
Average Per-Unit Variable Cost $0.65
Estimated Monthly Fixed Toll $163,100

8.3 Projected Profit and Loss

Pro Forma Profit And Loss
Twelvemonth one Twelvemonth two Twelvemonth 3
Sales $5,344,000 $6,570,982 $8,079,680
Straight Cost of Sales $iv,970,000 $5,964,620 $seven,303,400
Other $0 $0 $0
TOTAL COST OF SALES $4,970,000 $v,964,620 $vii,303,400
Gross Margin $374,000 $606,362 $776,280
Gross Margin % vii.00% nine.23% 9.61%
Expenses
Payroll $149,000 $163,900 $180,290
Sales and Marketing and Other Expenses $124,000 $126,000 $127,000
Depreciation $2,230 $two,340 $2,450
Leased Equipment $0 $0 $0
Utilities $2,900 $three,000 $iii,190
Insurance $ane,900 $2,000 $2,100
Hire $3,200 $3,300 $3,400
Payroll Taxes $35,000 $37,000 $39,000
Other $0 $0 $0
Total Operating Expenses $318,230 $337,540 $357,430
Turn a profit Before Interest and Taxes $55,770 $268,822 $418,850
EBITDA $55,770 $268,822 $418,850
Interest Expense $0 $0 $0
Taxes Incurred $11,154 $53,764 $83,770
Net Profit $44,616 $215,058 $335,080
Net Profit/Sales 0.83% 3.27% 4.15%

eight.3.1 Turn a profit Monthly

Profit Monthly - Computer Repair Business Plan

eight.3.2 Profit Yearly

Profit Yearly - Computer Repair Business Plan

eight.3.3 Gross Margin Monthly

Gross Margin Monthly - Computer Repairs Business Plan

8.iii.four Gross Margin Yearly

Gross Margin Yearly - Computer Repair Business Plan

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viii.iv Projected Greenbacks Flow

Brake-even Analysis - Computer Repairs Business Plan

Pro Forma Cash Flow
Cash Received Twelvemonth one Year 2 Year 3
Greenbacks from Operations
Cash Sales $56,000 $lx,480 $65,318
Cash from Receivables $17,000 $18,360 $19,829
SUBTOTAL CASH FROM OPERATIONS $73,000 $79,570 $85,936
Additional Cash Received
Sales Revenue enhancement, VAT, HST/GST Received $0 $0 $0
New Electric current Borrowing $0 $0 $0
New Other Liabilities (interest-free) $0 $0 $0
New Long-term Liabilities $0 $0 $0
Sales of Other Current Avails $0 $0 $0
Sales of Long-term Avails $0 $0 $0
New Investment Received $0 $0 $0
SUBTOTAL CASH RECEIVED $74,000 $fourscore,000 $86,000
Expenditures Year 1 Twelvemonth 2 Year iii
Expenditures from Operations
Cash Spending $35,000 $36,000 $38,000
Bill Payments $eighteen,000 $18,500 $xix,000
SUBTOTAL SPENT ON OPERATIONS $53,000 $54,500 $57,000
Additional Cash Spent
Sales Taxation, VAT, HST/GST Paid Out $0 $0 $0
Main Repayment of Current Borrowing $0 $0 $0
Other Liabilities Main Repayment $0 $0 $0
Long-term Liabilities Principal Repayment $0 $0 $0
Purchase Other Current Avails $0 $0 $0
Purchase Long-term Assets $0 $0 $0
Dividends $0 $0 $0
SUBTOTAL Cash SPENT $54,000 $58,320 $62,986
Net Cash Flow $14,800 $xv,600 $16,500
Cash Residual $24,000 $25,000 $27,000

8.v Projected Remainder Canvas

Pro Forma Residue Canvass
Avails Year one Year 2 Yr three
Current Assets
Cash $271,000 $303,520 $333,872
Accounts Receivable $24,000 $26,880 $30,213
Inventory $four,100 $4,592 $four,900
Other Current Assets $1,000 $ane,000 $1,000
TOTAL Electric current ASSETS $290,000 $324,800 $365,075
Long-term Assets
Long-term Assets $10,000 $10,000 $ten,000
Accumulated Depreciation $18,000 $20,160 $22,680
Total LONG-TERM ASSETS $22,000 $24,640 $27,720
Total Avails $293,000 $328,160 $369,180
Liabilities and Upper-case letter Twelvemonth 4 Year 5 Year half dozen
Current Liabilities
Accounts Payable $18,200 $20,384 $22,912
Current Borrowing $0 $0 $0
Other Current Liabilities $0 $0 $0
SUBTOTAL Electric current LIABILITIES $fifteen,200 $17,024 $19,135
Long-term Liabilities $0 $0 $0
TOTAL LIABILITIES $14,000 $15,680 $17,624
Paid-in Capital $29,000 $thirty,000 $30,950
Retained Earnings $54,000 $58,860 $64,746
Earnings $193,000 $210,370 $231,407
TOTAL CAPITAL $276,000 $300,840 $330,924
TOTAL LIABILITIES AND Capital letter $290,000 $328,160 $369,180
Net Worth $279,000 $304,110 $334,521

8.6 Business organisation Ratios

Ratio Analysis
Year 1 Year 2 Yr 3 INDUSTRY PROFILE
Sales Growth 7.22% 8.00% 8.86% 3.00%
Per centum of Total Assets
Accounts Receivable nine.20% 10.xix% 11.29% nine.80%
Inventory 5.38% 5.96% vi.60% 9.xc%
Other Electric current Assets 2.10% 2.33% 2.58% 2.40%
Total Current Avails 149.70% 152.00% 152.00% 158.00%
Long-term Assets 11.34% xi.44% 11.57% 12.00%
TOTAL ASSETS 100.00% 100.00% 100.00% 100.00%
Electric current Liabilities 4.91% 4.95% 4.99% 4.34%
Long-term Liabilities 0.00% 0.00% 0.00% 0.00%
Full Liabilities vii.58% vii.64% vii.71% 7.38%
Internet WORTH 100.90% 101.71% 102.64% 110.00%
Percent of Sales
Sales 100.00% 100.00% 100.00% 100.00%
Gross Margin 94.88% 97.44% 100.17% 99.00%
Selling, General & Administrative Expenses 94.30% 96.85% 99.56% 97.80%
Advertising Expenses ane.53% 1.57% 1.62% one.40%
Profit Earlier Involvement and Taxes 41.09% 42.20% 43.38% 33.90%
Main Ratios
Electric current 34 35 36 32
Quick 34 35 35.875 33
Total Debt to Total Assets 0.18% 0.18% 0.17% 0.40%
Pre-tax Render on Internet Worth 73.49% 74.lxx% 75.59% 75.00%
Pre-tax Return on Assets 94.79% 99.53% 104.51% 111.30%
Boosted Ratios Year 1 Year 2 Year iii
Cyberspace Profit Margin 33.04% 34.06% 35.12% Northward.A.
Return on Equity 54.99% 56.69% 58.45% N.A.
Activeness Ratios
Accounts Receivable Turnover 7.seven seven.eight 7.8 N.A.
Collection Days 100 100 100 N.A.
Inventory Turnover 31 32.55 33 N.A.
Accounts Payable Turnover 15.ane xvi 16.8 North.A.
Payment Days 27 27 27 N.A.
Total Asset Turnover 2.5 2.5 two.half-dozen North.A.
Debt Ratios
Debt to Internet Worth -0.04 -0.03 -0.04 N.A.
Electric current Liab. to Liab. 1 1 1 North.A.
Liquidity Ratios
Internet Working Capital letter $233,400 $246,470 $260,273 North.A.
Interest Coverage 0 0 0 N.A.
Boosted Ratios
Avails to Sales 0.86 0.87 0.87 N.A.
Current Debt/Full Assets i% 0% 0% N.A.
Acid Exam 29 29.04 29.09 N.A.
Sales/Cyberspace Worth two.ii 2.3 2.3 N.A.
Dividend Payout 0 0 0 Due north.A.

Download Example Figurer Repair Business Plan in pdf

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Illustrative business organization plan samples

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