Wesley Guin
Forum Replies Created
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100% paid health insurance for the employee only or for the entire family?
Thanks
Employee only right now, however if we stick to my business plan we should be able to extend that out to the entire family by year 5. As well as add other benefits that you typically see at large dealerships.
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There is a common belief that indie shops don’t pay well. To make decent money you have to be a dealer tech.
If you are an indie shop owner who would be willing to pay $75,000 a year for a tech who could consistently produce 50 hours a week, please reply to this post with the name, location and contact info for your shop.
If you are a tech who would be interested in a job like that, please reply to this post with your name, location and contact info.
Here’s my current pay plan for techs, please note though my goal is to actually steal techs from dealers. 5 day work weeks, 100% paid health insurance plus I feel like this pay plan is highly competitive.
Base pay $37,500
Certification Bonus
1 – 7 ASEs $2,000/ea
ASE master $8,200
MAX ASE pay $22,200
Billed hour Bonus
0 – 10 HRS/w $0.50/HR
10 – 15 HRS/w $1.50/HR
15 – 20 HRS/w $3.00/HR
20 – 30 HRS/w $6.00/HR
30 – 50 HRS/w $8.00/HR
50 + HRS/w $10.00/HR
Maximum pay based on billing 50 hours a week
$85,700
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The area we are targeting does is all mainly general repair there are shops that specialize in high end but do still take domestic work as well. i was thinking the same referral program could be applied towards wrecker drivers. All am trying to do at this point is determine what would be some good routes to get referrals in the door for when we open our shop.
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Sherman,
I definitely understand where you are coming from about payments and new cars. However the customers we target are people who tend to keep cars longer and repair them. We hardly ever see the 3yr swap customer because they have warranties and depending on your local dealers they attempt to scare customers into thinking they have to service thier vehicles at the dealer to keep the warranty. With new car prices on the rise I would imagine people that are smart will keep cars longer. Also according to NADA new car sales are way down from where they should be, which tells you people are keeping their cars. Hopefully this trend stays like this to help independent shops prosper
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All,
Thank you for the responses I am definitely taking this all into consideration. I will contact Oklahoma to see if I can get that demographic. Also I should have probably been clearer, I plan to open as a domestic primary and work at training technicians on EVs as soon as possible due to market projections for EV sales. At this time I know there I not a huge EV following in my area. However with Tesla’s older models starting to drop out of warranty I will assume that there will be a large influx of secondhand buyers, and with Tesla having a high non warranty repair cost, consumers will be looking for an alternative. So that being said the sooner I can get into market and start making a profit, the sooner I can start paying to train technicians and running marketing campaigns for EV repairs. I want to make EV an additional flow of income with to possibility to evolve into my main source I’d the market can stand it.
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Attachment
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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
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Dean,
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 techs in the area and the only reason I know them is from selling parts to them in the past and they all fizzle out usually due to not being able to be seen. Also most techs I have worked with do not have the customer mindset, I was only a technician for a short period of time because I excelled in sales and customer service so I have been in parts sales and most recently a service advisor for the last 7 years combined. Where I would come in is marketing learning our demographic and targeting them as well as supplying them the work and managing all of the money and finices of it. I know plenty of amazing technicians that would enjoy leaving a dealership for their “own” venture but don’t know how to manage money or how to approach customers. I have started to look into the requirements behind this model to see if it is even plausible.
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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 and paying them $70 a flag hour. They supply their van and tools and i supply the sales, parts, marketing, scheduling and customer relations. This would also let me lease a smaller shop that we could do bigger repairs in that cannot be done in field. So basically I set my rate at 120 I get 50 they get 70. What issues do you all see with this model that I am not ?
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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 follow us on Facebook for updates as we open up. As soon as I get my survey sheet completed I will post what I have , I think that getting to know residents will be a huge factor in early retention.
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Okay I’ve adjusted down to 4 techs and am assuming 60 cars a week at 2.2 hours per ro at an ELR of 102. I have attached my new P/L for first 3 years
