MAKING IT, SPENDING IT: MAKE OR MAR MONEY CHOICES

With the bad shapes of most Nigerian roads, car wheel balancing and alignment business Is a highly profitable venture within the automotive industry. Low initial investment as well as the nearly non-existent costs connected with wheel alignment and balance are the explanations for this.

Not only does wheel alignment increase the performance of cars, but it also improves the security of people’s lives.

Alignment Types

There are two types of alignment, which are: Mechanical Wheel Alignment and Digital Wheel Alignment service. Hence, as a business, you need to decide between using hand tools and using automated machines. Each solution has its own set of benefits and drawbacks.

Mechanical Alignment: This will have an inexpensive start-up cost. However, you will need to be thoroughly trained before you start delivering services on your own. The speed at which services are delivered is additionally slow.

RELATED

VitalSwap Unlocks Global Revenue Channels For African Remote Workers

8 hours ago

Presco Grows Pre-tax Profit By 121.8% To N111.9bn

16 hours ago

Computerised Wheel Alignment: this service necessitates the utilisation of computer-controlled machinery. Your initial costs are going to be high, but your productivity is going to be high also. However, it is better to adopt a computerised option because most car owners prefer automated service as it takes only 5-10 minutes to end.

Location

Majorly, a roadside location with enough parking space is ideal for a wheel alignment business. Similarly, you can rent alignment centre in most filling stations nationwide and you can be rest assured you will get customers from those who buy fuel from filling stations.

If you would like to start a computerised wheel alignment business, draw a plan so that installers can properly install both wheel alignment and balancing devices, then build a shed. The location should be where drivers can easily access and depart from the garage.

Equipment

You will need a camber gauge, an adjustable spanner, four jack stands, a string spool, tape, control arm shims, and other gear to conduct mechanical wheel alignment services. However, a computerised machine cost about N5million.

Marketing Your Business

You ought to immediately create and display a beautiful display board ahead of your shop to attract passing motorists. If you offer good services, referrals from your customers could be the key to huge profits.

Initial Capital

A computerised wheel alignment machine costs around N3.5million on average, while a wheel balancer costs about N1 million. Thus, the entire cost of both devices is going to be about N4.5 million to N5million.

Profitability

Vehicles for these services are charged a minimum of N7,000 and could be more in highbrow areas.

If a minimum of 10 vehicles patronise this business in a day, that amounts to N70,000 profit per day. In a week (with exception of Sunday), it translates to N420,000. In a month, you could make N1.7million.