So I’m in the planning stages of opening a shop and as i perform my research I am finding that there is a gap in EV repair. I know that there is not quite a large market in my area at the time but I’ve heard by 2030 over 25% of all cars will be EV. So what will shop owners do? EVs do not require your typical maintenance items that get that f…[Read more]
I have attached how I am getting my sales numbers and a cash flow. Also I filled out the spreadsheet Tom wanted to see. I appreciate all the help I have received and i feel like I have some solid numbers
Thank you for the reply. This was simply an idea I just had yesterday. I have done tons of market research in the areas I want to open a shop but I just do not have enough capital for that at the moment. I have not checked into the legality or requirements of taxes quite yet. I do know however that there are a handful of mobile tec…[Read more]
Thank you all for the replies. I have put a lot of thought into this and I definitely do not have enough capital to put a down payment on a loan and float all my bills for a year at this time. However I have thought about another avenue that would be less money involved and a good start. I was thinking of hiring mobile techs as contractors an…[Read more]
Tom, that you for the budget sheet I am currently working on it now.
Roebigd, I was kinda figuring that my numbers might be high for the first year. Also to help drive new customers I have been intruding myself to the residents in the area getting feedback of what they would like to see from an automotive repair shop and asking them to fo…[Read more]
first off I want to thank anyone that helps me out. I am in the planning stages of opening my own shop. I have always worked in large dealers so I am not sure what an independent shop would do. Currently I have calculated for the first year with 5 techs at 50% productivity for the first year. All shops in our area run from 125-135 an hour so…[Read more]