Greater london is one of the most happening cities worldwide with an extremely high criterion of living. Interestingly, it is one of the world's most populated cities also - a shocking 8 million people lives here with an extremely high average income. Extremely evidently, it has a substantial market potential for any type of kind of business!
The question is - What is the optimal business in Greater london, considered that it is a highly congested city with extremely high rentals for office space? This short article aims to talk through one of the a number of possible options to the problem, with a concentrate on the cost-effective aspects of the business.
In Greater london and across the entire UK, franchised or producer managed garages demands the most, with the mean hovering around ₤ 300.80 in Greater london. This is nexted by the Independent Chains, who demands an average of ₤ 224.99 per servicing. In this pecking order, the Specialist Independents and the Fast Fits are more affordable options with average servicing charges of ₤ 196.73 and ₤ 145.00 respectively. Survey reports reveal that Greater london is one of the costliest cities worldwide if you intend to get your vehicle serviced over there and cumulatively, the vehicle owners of the UK who goes to the franchised service centers ends up spending ₤ 500 million extra than what might have been the cumulative charges of Fast-Fit servicing.
If one analyses thoroughly, there are a few common factors that soars the servicing charges so high - high rents on office/ garage spaces, under-used capacity, power and gas bills, market policies, unavailability of parts, etc. being a few of them. Certainly, there is little scope of making high profits for major overhauls and genuine part replacements therefore, these garages makes up for their profit when people flocks in for minor or routine servicing.
From the viewpoint of economics, you can beautifully price your servicing charges - the much lower it is, the more attractive for your customers. They will have everything they want - small cost, good and fast service which too at their doorstep. Because your effort and running cost is low with minimal wastage, you profit margins will be high and you will be able to break-even in an extremely short amount of time. So, what are you thinking of? Just transform your van, put a banner with 'Greater london mobile vehicle mechanic' written on it and bingo! You prepare to take on the competition with the recognized players!
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