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Jay Huh

Thoughts on opening a second location?

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Hey guys, my shop is becoming pretty successful and it runs pretty well without me being there (most of the time), should run flawlessly if I hire another advisor for when I'm not there.

 

Owner of a building of a 5 bay garage 1995 sq/ft contacted me to see if I want to rent it out for $2400/mo. Currently leasing a 3000 sq/ft 6 bay garage about 20 miles away for $4100/mo. I have a reliable employee that recently quit bc of the distance he was driving and the new location is only 15min away so I have people to work lined up and this one is 10min from my house oppesed to 45 min for my current shop. My current shop has a 5 yr lease so not planning on giving anything up.

 

I have a good brand image and a strong reputation. Google alone 82 reviews 4.9 rating.

 

Profitability wise I just got to the point of being able to pay myself salary. Is it too risky? Headache worth it? Thoughts?

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