I feel like my area is extremely competitive. My area is a small town with about 8000 households (includes town and rural areas). We have 6 legitimate 4-8 bay shops, 1 Chevy dealer, and at least 3 hole-in-wall/backyard guys (800 households/shop). The next town over has 8000 households, 1 legit 8 bay shop, 0 dealers, and 2-3 hole-in-the-wall/backyard guys (2-3000 households/shop). Just wondering what some of you are dealing with out there so I have some reference point. Also, for those of you with multiple locations, does this sort of thing impact the success of individual locations?
I'm looking at opening an auto repair shop with a partner who is the mechanic and possibly another mechanic. I will be the sole investor in the venture never before been in the auto rapair shop business. I will most likely manage the whole thing. I need lots of help.
How are mechanics paid?
How do I pay myself and recoup my investment?
Shop management software? Looked at MaxxTraxx, Alldatapro.
What types of insurance must I carry?
I've found a nice place with three bays to rent but will need to install lifts. Should I shop used or new?
Etc etc etc.
Thanks for any help you can offer.