How to Start an Auto Repair Shop ($201K a year) скачать в хорошем качестве

How to Start an Auto Repair Shop ($201K a year)

There is a MASSIVE OPPORTUNITY in starting an Auto Repair Shop Business. With interest rates being high, people are driving their used cars longer and as cars age, they require more service. You can take advantage of this by starting an auto repair shop. How much money can we make: This all depends on the type of repair, service, maintenance, etc that you perform. Average Revenue per repair: $500 Average Revenue per maintenance: $100 Average Per Day Revenue: 1 Repair and 2-3 Maintenances = $700/day Average Per Week Revenue (6 days) = $4,200/week Average Per Month Revenue = $16,800 a month Average Annual Revenue = $201,600 a year Know your costs associated with starting: Existing Auto Repair Lease: $30K a year Tools and Equipment: $30K a year to start Insurance: $1,500 a year Other Ancillary Expenses: $10,000 TOTAL Annual Expenses: $70,500 CASHFLOW: $201,600 a year in income $70,500 a year in expenses ==$131,100 in profit per year! Think of all the ways in which it can fail. Create Strategies around minimizing it. 1. No Cars to Service/Repair. You need a marketing plan: Retail Marketing by store, Local Marketing, and asking for referrals. 2. Timely Service. You need to do what you say you will do. If not, people will never call and give you business again. 3. Quality Work. Know what you are doing, go to school, work as a mechanic before starting. 4. Failing to Scale. Adding new locations and hiring employees. Legal Up. 1. Create an LLC 2. Buy Insurance. 3. Attorney to review your client contract. Commit to Starting. #autorepair #automobile #automotive #cars #carlover #businessideas #businessidea #business #entrepreneur