How To Start My Own Auto Repair Shop
For many, owning a business organization is a role of the American Dream and a path to personal wealth. If you're a mechanic or working on becoming a mechanic, reaching that dream might start with the idea of opening your ain auto repair shop. You can set the hours, work with customers on pricing, specialize on interesting vehicles, and take control over the future of your career. When you lot work on the shop flooring without ownership, your earnings elevation out at your salary or hourly wage. When you own the shop, the but limit on profits is the capacity of the garage. Before you outset looking for money to get your garage doors up, planning is critical.
1. Go Certified
You're not required to have ASE certification to work on cars, but without it, y'all might find it substantially more difficult or expensive to obtain liability insurance and find financing for your new business. ASE certification tells potential customers that you know what you're doing. It gives car owners confidence, and tin can exist a very important marketing tool. Before you qualify to take the certification exam, y'all'll need a minimum of two years of work and educational experience combined, with at to the lowest degree one year obtained on the job.
two. Know the Startup Costs
Before you lot spend a dime opening your store, you demand to know the total projected cost to get up and running. If you don't, you might run out of funds before gaining your first customer. While it is impossible to project certain costs ahead of time, the most common and expensive line items are easily predicted. According to Date-Plus, the full price is right around $47,000, in equipment, insurance, and rent. Buying a building and making alterations can significantly modify that number, depending on structure costs. Choosing to buy an existing auto store tin also affect the bottom line.
3. To Specialize or Not To Specialize
ASE certification
- Automobile
- Collision Repair
- Medium – Heavy Truck
- Schoolhouse Bus
- Transit Bus
- Truck Equipment
Yous tin also specialize in repairs for specific car manufacturers or types of repair. If you specialize, you might earn a reputation every bit the best garage for brakes, simply you lost out on a lot of other business. Before y'all open up upwardly, you lot need to know the telescopic of the services you plan to offer. If you want to specialize, you'll demand to do some serious marketplace enquiry to make sure in that location is enough demand to support your new shop.
4. Get Legal Advice
A lot more goes into opening a business concern than but finding a location and serving customers. You lot'll need to obtain a business concern license, look into the regulations surrounding liability insurance requirements, open accounts to handle payroll and taxation reporting, file your articles of incorporation, and other pre-sale steps. A lawyer is invaluable during this process, helping you ensure every "i" is dotted and "t" crossed. Yous don't take to retain a lawyer, merely it can save y'all from a lot of mistakes forth the style.
v. Set up Interviews
If you have a very small shop, yous might exercise all of the work yourself, but y'all will probably still need at to the lowest degree one employee to handle telephone calls and customers. If you have a couple of lifts and want to maximize your capacity, you'll need additional mechanics to assist service vehicles. The hiring procedure should start at least a month before your chiliad opening. You lot'll want plenty fourth dimension to bank check references, find the best candidates, and negotiate compensation packages.
vi. Get the Give-and-take Out
Marketing is some other big part of opening the doors. Be sure to schedule a Grand Opening, so locals tin terminate in and see the shop. You might want to advertise special discount pricing for that first twenty-four hour period or week, just to bring customers through the doors. You'll besides desire to have a standard service list of pricing and a shop rate finalized, so you can estimate your revenue potential.
Become Your Own Dominate
Opening a garage might be your ticket to the American Dream, but it takes a lot of work and general mechanic skills. Before you start looking for financing, look into your education options. At ATI, you tin can enroll in the Automotive Engineering science with Service Direction (AOS) program to learn how to use diagnostic equipment, perform inspections, and maintain critical systems. Contact usa at 800-468-1093 or request information today.
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