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shoaljumper

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Hello All,

 

Very glad to have found this forum. I am considering purchasing an auto shop after working 15 years in the IT field. I started out building my own brand, selling to a medium sized brand and then being gobbled up by the corporate juggernaut which was a hellish experience. I never want to work for someone else ever again. During this I always worked in senior management helping to manage staff and run these businesses. The service experience received by the clients was the key to success in that industry.

 

I have never worked as an auto tech but have some mechanical experience. I used to restore vintage ATV's and motorcycles in my spare time and have always done my own maintenance work at my father in law's shop. The places I am looking at have 700k+ in revenue and a shop manager in place with good techs and excellent reputation. My task will be to take over and grow via online marketing, and taking care of clients. Something I am very good at.

 

I am going to continue reading through the forums here and have already found some great articles. Any advice anyone would like to offer up would be greatly appreciated.

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I've always liked fixing things and I have strong management and business skills. Everyone needs car repair and the industry is stated to grow in the future. I live in a booming area as well, so a local shop with a great reputation in a good part of town should continue to grow organically. I have a couple mechanics in the family I can ask for help too.

 

with the numbers I'm seeing it seems like a simple formula for success, it's just trying to value the shops I'm looking at now. The one I like the most is asking near 3x SDE.

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  • Have you checked out Joe's Latest Blog?

    • By Joe Marconi in Joe's Blog
         4
      Typically, when productivity suffers, the shop owner or manager directs their attention to the technicians. Are they doing all they can do to maintain high billable hours? Are they as efficient as they can be?  Is there time being wasted throughout the technician’s day? 
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      Maintaining adequate production levels is the responsibility of management to create the processes that will lead to high production while holding everyone accountable. 
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