How to start a winch company?
You may have noticed that the number of vehicles circulating in cities is large and has increased even more, so in the midst of all this, you will need some services and a winching company can be a great option!
Complete list on businesses that are service oriented look it here
The market is very wide and starting a business of this type can offer towing, vehicle transport and other services, and the main objective of such a commitment is to provide services 24 hours a day, after all, you never know when someone will need a help. Of course, the business is very simple, but it requires a considerable amount of the initial investment, but excellent work results can be obtained in this area.
How a winch company works
Many beginners come here wondering how to set up a winch company, believing that the function of such a company is to provide mechanical services for vehicles with defects or that have suffered some kind of accident. However, the operation of a winch is a little different and simple, as its primary function is to transport the vehicle to a garage, a tire repair shop in a specific location, nothing more! Obviously many people do not believe that this idea can generate good results, but if we analyze the market, we can see that there are a lot of vehicles on the road, defects can occur at any time and, in addition, they can offer their services in other ways.
In any case, it simply consists of receiving your customers’ requests, which are usually made by phone, so you will go to the location with your crane to provide the service. Anyway, if you really want to open a winch business in your city, try to make a small business plan and evaluate the market in your area, to know the possible competitors and the most common needs.
How do you set up a winch business?
In most cases customers will not come directly to your establishment, as requests are almost always made by phone, but it is still important to have a great site that works as a garage for your vehicles. In addition, you can set up a small company administration office, thus placing a large sign to give greater visibility to your winching company, and with regard to the ideal location is to bet on outside neighborhoods of the center and have a low pedestrian traffic and can be soon at the door of the city, near gas stations, car dealers or something like that.
To enter into the formalization of their business processes is recommended to seek an accountant from the beginning, thus aiming to obtain their operating license and all necessary permits to start work.
Vehicles to transport machinery and initial investment
Most of your initial investment will be the responsibility of purchasing and adapting your vehicles to the service, and you will have to buy 2 trucks with their corresponding logo starting (one for small transport vehicles and other larger machine vehicles) that cost at least $40 thousand each. Part of the adaptation will require cranes and several other things needed to have the vehicle ready for work, and you will also buy office equipment for your fixed location, going through the legalization of the business, hiring some employees (minimum 2 drivers and 1 assistant), investing in the assembly and decoration of your company, as well as other details.
Because of this, it is estimated that it is necessary to apply between $100 and $120,000 to start a company with 2 vehicles, but you can also start simply with only one adapted vehicle and thus grow over time.
Clients of a winch company
The potential customers are exactly the people who crash the vehicles somewhere, then there is a diverse clientele to provide their services, but it is necessary to focus on good customer service, have agility and offer some differential, the service must be 24 hours a day, offer vehicle insurance and more!
Requirements for starting a winch company
Nowadays the circulation of vehicles in big cities increases every day more, so having a winch company can be a high profitable business opportunity, because some services are needed such as towing, vehicle transport and other services. Besides that, a company of this type offers services 24 hours a day because you never know when someone is going to need the help of a winch.
The business requires a considerable initial investment, but excellent results can be obtained by working in this area. It is very important to be clear that the main function of this business, is to transport the vehicle to a repair shop, a tire shop or a specific location, just that.
The business idea gives very good results, taking into consideration specifically this market, to be able to see that there are many vehicles circulating and that defects can occur all the time. Besides that, you can provide the services in another way, hiring a third party.
Problems that can occur in a winch company
One of the challenges of this business is that customers do not go directly to the establishment, as requests are almost always made by phone, but you still have to have ample parking space for vehicles.
Also, an administration office is needed, placing a large sign to give more visibility to the company, which can be located right at the entrance of the city, near gas stations, car dealers, among others.
Tips for starting a winch company
To start a successful winch company, the advice is to focus primarily on promoting the business, once all the steps of its creation have been accomplished. Always seeking to provide a quality service, being essential to give a high visibility to the forms of contact, particularly the phone and if possible a smart one with whatsapp.
Most people connect via the Internet and social networks, so you can place ads in physical phone books and online, without leaving the radio. Also place signs along the roads near the city and in gas stations.
When the car breaks down, the first thing the driver does is to try to connect to the Internet and look for a winch company that can help him, so it is valid to create your own site with clear information and means of contact, with a profile on social networks.
Advantages of having a winch company
An advantage of this business is that it is profitable because the price charged for each service is variable, but the lowest value is usually at $50, being interesting that, it is an easy to manage company that can offer excellent results from the moment it is positioned in the market.
Another advantage of this business is that it is growing and the investment is revalued, so it is rare to have losses. In addition, the number of vehicles in the cities increases over the years, so more of these services are needed, which is always in demand. It is also a necessary business almost anywhere in the world and does not require much investment in advertising, since customers usually place it in directories and on the network independently.
Success stories
One company that can include the winch in its services is ADER, which has a large fleet of cars and industrial vehicles that allow it to respond to different needs in terms of capacity, meeting the requirements of the transport sector.
The franchise is aimed at the entrepreneur who wants to operate in an exclusive territorial area, being supported from the company with the support of training, the execution of marketing and advertising for the best operation of the business.