Quartz collision | Application Preview
Quartz Collision is seeking government grants to support the startup of their auto collision repair business. The funding will be allocated for equipment and parts purchases, as well as payroll expenses, with the intention of becoming self-sustaining once operational.
The business plan involves launching the shop initially, with future plans for workforce development and expansion to multiple locations. The owner brings significant experience to the table, having worked in the auto collision industry since 2001 and representing the U.S. at the 2005 World Skills contest in Finland. With a strong background in locally owned body shops, the owner recognizes a shift in workforce preferences towards owner-operated shops over large corporate chains, particularly in light of recent industry consolidation.
Currently managing a body shop with 19 employees, the owner has maintained sales between $280,000 and $340,000 per month, achieving a net profit margin of around 15%. In contrast, competitors are predominantly corporate chains focused on cost-cutting, resulting in lower employee morale and quality of repairs, with net margins of only 1% to 3%. The competitive advantage for Quartz Collision lies in cultivating a supportive work environment that prioritizes employee well-being, ultimately leading to better service quality and customer satisfaction.
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General Information
Business Registration Number: None yet
Location: Lakewood, CO, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $1M to $10M
Annual Gross Expense: $500k to $1M
Open to Loans: YES
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Funding Usage
Equipment purchases. Parts purchases. Payroll expenses. All to get up and running. Once running it will be self supporting.
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Business Plan
Start up first, then I will look at workforce development and expansion in order to expand to multiple locations. I have been in the auto collision industry since 2001. I traveled to Finland in 2005 to represent the United States of America at the World Skills contest. I have spent the last 21 years working for locally owned and operated body shops. A lot of shops have closed or been sold to big consolidators, including the company I have worked for since 2014. I believe the work force wants more owner operated shops versus the big Corp box stores. I have been managing a body shop with 19 employees for years now. We have consistently produced sales between $280k and $340k per month with a net profit in the 15% range.
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Self Identified Competition
All 3 are corporate chain stores that don't appreciate the people they employ and in return the employees don't care about the quality of the repair. The big box stores also have to employee so many more people that the net margins are typically 1% to 3%. I have learned that to build a great team, you must care about your employees and make them the priority.
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Contact Applicant
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