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Published On: Thu, Nov 26th, 2015

Things to Consider When Starting a Car Valet Business

Starting a car valet business is a potentially lucrative venture. However, it comes with many responsibilities you should be aware of. You can’t simply setup shop and hope for the best. Customers are trusting you to work on their vehicle which is often one of their most valuable possessions. With this in mind there are certain things you should consider before starting a car valet business.

Finance

Starting a car valet company is expensive. You need to have funding for a premises, staff wages, operating expenses, insurance, transport, equipment and other related expenses. This may involve getting a loan or raising money in some other way. You can’t move forward until this aspect of your future business is rectified.

Business Location

Car valet companies require plenty of space so that they can cater for a wide range of vehicles. The premises for this type of business should be chosen carefully so that there’s plenty of customers and space to accommodate them. In the future you may decide to expand and provide other services. Find a property where this would be possible.

Type of Clients

Vehicles come in all shapes and sizes. They are owned by businesses and individuals who have different valeting requirements. Decide what your target customers will be. Some car valet businesses only cater for private cars, some only deal with other businesses and many deal with all types of vehicles.

Equipment and Vehicles

When you’re starting out you have to invest in specialised valeting equipment. The main types of equipment for this kind of business include various cleaning products, vehicles and valeting units.

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photo/ Michael Jarmoluk via pixabay.com

Additional Services

There are many other related services you can offer. However, in the beginning don’t try to be all things to all people. Concentrate on the main valeting services first. Then you can slowly start to introduce other services as you go along.

Advertising and Marketing

A new business has to hit the ground running and let people know it exists. You will have to spend money and time on adverting and marketing that’s suitable for this type of business. The most common types of advertising include signs, flyers, business cards and local newspaper ads. However, the internet is playing a bigger role so you should talk to an expert about the different online marketing strategies that are suitable for a car valet business.

Insurance

Things can go wrong and mistakes are made when you provide this type of service to the public. If an issue arises you want to be sure you’re covered by the appropriate motor trade insurance. Once you have taken out the appropriate policy, you will have peace of mind and can start providing a high class valet service for your customers.

As you can see there are many different things you need to consider before starting a car valet business. However, addressing each of the points above in a professional manner could be the difference between failing in this business and building a strong, profitable business that will be successful long into the future.

Guest Author: Lolita Di

On the DISPATCH: Headlines  Local  Opinion

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