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Oil Change Stores

tirengolf

By tirengolf
in General Automotive Discussion

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tirengolf

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We have been looking in southern Florida at putting in some free-standing oil change facilities. I have had an automotive tire shop since 1961, I started with them in 1974. I became the owner 20 years later. I have watched and have a great plan to build  3 to 5 quickly. If anyone has any input, please let me know. Thanks, David

Twilight Apprentice

Twilight

Posted
Posted
  On 10/4/2023 at 6:24 PM, Hands On said:

Does Florida commercial insurance suffer from the same issues as home owners?

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YES. The landlord came to me for contacts, his insurance is more than doubling. My stepmom is a bookkeeper. one of her clients up 600% and my wife is in commercial insurance. best she could get a client is half of it if it's a total loss. lucky for him his properties are spread around but still uneasy he could lose more than they'll pay. and he was willing to pay more premium they just won't cover anymore. 

Hands On Community Regular

Hands On

Posted
Posted
  On 10/11/2023 at 6:13 PM, Twilight said:

YES. The landlord came to me for contacts, his insurance is more than doubling. My stepmom is a bookkeeper. one of her clients up 600% and my wife is in commercial insurance. best she could get a client is half of it if it's a total loss. lucky for him his properties are spread around but still uneasy he could lose more than they'll pay. and he was willing to pay more premium they just won't cover anymore. 

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I would think this should be factored into anything anyone plans to open in Florida. It is going to be tough for small businesses all around, the rent for me is manageable with my profit margins, but how much profit can that toy store, bagel shop, oil change only shop generate...

bantar Community Regular

bantar

Posted
Posted
  On 9/28/2023 at 2:20 AM, tirengolf said:

We have been looking in southern Florida at putting in some free-standing oil change facilities. I have had an automotive tire shop since 1961, I started with them in 1974. I became the owner 20 years later. I have watched and have a great plan to build  3 to 5 quickly. If anyone has any input, please let me know. Thanks, David

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Hi David,

Just saw this today.  Feel free to reach out to me.  I operate a QL in addition to my repair shop.    Email:  brian@kwikkarcraigranch.com and phone: 972-836-3481.

--brian

bantar Community Regular

bantar

Posted
Posted
  On 10/11/2023 at 6:55 PM, Hands On said:

I would think this should be factored into anything anyone plans to open in Florida. It is going to be tough for small businesses all around, the rent for me is manageable with my profit margins, but how much profit can that toy store, bagel shop, oil change only shop generate...

Expand  

Oil changes using repair technicians is a losing battle.  Oil changes using highly trained GS techs is profitable.   It's all about overhead.    My QL is very profitable and we run it straight.  No gimmicks.  No unneeded sales.  Of course, I could be making more if I wasn't honest.  

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      It always amazes me when I hear about a technician who quits one repair shop to go work at another shop for less money. I know you have heard of this too, and you’ve probably asked yourself, “Can this be true? And Why?” The answer rests within the culture of the company. More specifically, the boss, manager, or a toxic work environment literally pushed the technician out the door.
      While money and benefits tend to attract people to a company, it won’t keep them there. When a technician begins to look over the fence for greener grass, that is usually a sign that something is wrong within the workplace. It also means that his or her heart is probably already gone. If the issue is not resolved, no amount of money will keep that technician for the long term. The heart is always the first to leave. The last thing that leaves is the technician’s toolbox.
      Shop owners: Focus more on employee retention than acquisition. This is not to say that you should not be constantly recruiting. You should. What it does means is that once you hire someone, your job isn’t over, that’s when it begins. Get to know your technicians. Build strong relationships. Have frequent one-on-ones. Engage in meaningful conversation. Find what truly motivates your technicians. You may be surprised that while money is a motivator, it’s usually not the prime motivator.
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