Quantcast
Jump to content


Another new member


Roddor

Recommended Posts

I just found this website recently. I have recently started my own small specialty business of Alaska Jeep Rage. I buy, sell and customize Jeeps. I run the part time business out of one bay of my two car garage in Fairbanks Alaska. I am a full time state trooper and am looking to work the Jeep business into a full time business when I retire in five years. I aim for mostly build up modifications, fabrications, repairs for off road jeeping. I have been Jeeping off and on over the years as well as doing most of my own mechanical work. I have been doing light mechanical, welding off and on for over the years and decided to start it as a business. I hoped to start small and without borrowing money during this economic depression and be in regular practice in five years. I currently am assembling a 1982 Jeep CJ that a kid took apart and couldn't get put back together as he lost his help. If I'm not on some customer jobs and I look for Jeeps that I can repair or mildly build up and sell for profit. I'm working on a business plan but not sure how the business will steer as it's a special niche. I'm working on keeping the customers at a steady flow and not overflowing for my current part time status. I have worked in shops but have not done estimates or bid jobs. I need to get info and practice in these areas. I am interested in what shops are doing for mark up on parts. Some auto places seem to have crazy variations for list or retail price. I also need to deal with used parts as well. Really looking for some top notch advice and business interactions from folks down in the states.

 

Rod

Alaska Jeep Rage

Edited by Roddor
Link to comment
Share on other sites










  • 1 month later...

Welcome and the best of luck!

 

I think you are getting into this business at the right time. I have been in business for nearly 30 years and have never seen the opportunity that will reveal itself in the next 2 to 5 years.

 

My advice: Start small but always think big. Work ON the business as much as IN the business. Profit on labor and parts will vary depending upon your overhead and what the market will bear. Generally look for a 60% gross profit on labor and a least a 50% overall mark up on parts.

 

Establish a parts matrix. That means for low cost items that cost $10.00, you can charge $25-$35. The higher the cost the lower the mark up: For example; a part costing $500 will generally sell for around $800.00. The idea is to achieve an “overall” 50% gross profit or better.

 

Please forward any other questions… AutoShopOwner.com is here to help!

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Similar Topics

    • By Joe Marconi
      We are almost into the 4th quarter of 2022, which means that you need to consider your 2022 tax return. Many shops are having a very good year, which means there may be more taxable income at your bottom line.
      What do you do to plan for and minimize paying taxes, while still maintaining a cash reserve? 
       
    • By carmcapriotto
      We are wrapping up our 3 part series with Bob Cooper and the Q&A discussion with a customer panel at the 2022 Elite Invitational. Chris Monroe joins us as we discuss websites, google ads and cause marketing. Don’t forget to download your complimentary Customer Care Guide and an Owners Job Description Guide by going to eliteworldwide.com/ARN or find the link in the show notes.  Bob Cooper, Founder/President Elite Worldwide. Complimentary Elite Customer Care Guide Template HERE. Listen to Bob’s other episodes HERE Chris Monroe, Monroe Tire & Service, Shelby, NC. Business Development Coach,  Elite Worldwide, Elite Top Shop 360. Listen to Chris' other episodes HERE   Key Talking Points
      Watch Full Episode on YouTube HERE Websites - What they look for on websites: years in business, pictures of shop/employees (nonstock photos), connection (dogs, kids etc), phone number and email address, reviews, attraction to family business What didn't they say? Price, list of services Google Ads - Their use of the paid Google ads found at the top of search results- they do not consider them as recommendations. Consumers want to do their own research Cause Marketing - powerful but not a top priority to sway decisions, encourage referrals, and find a cause you believe in to be involved with. Complimentary Elite Customer Care Guide Template HERE. Link to Part 1 Link to Part 2
      Connect with the Podcast: Aftermarket Radio Network Subscribe on YouTube Visit us on the Web Follow on Facebook Become an Insider Buy me a coffee Important Books Check out today's partner: Learn more about NAPA AutoCare and the benefits of being part of the NAPA family by visiting www.NAPAAutoCare.com
         
      Click to go to the Podcast on Remarkable Results Radio
    • By Eric Roberts
      Firstly let me say that I an just a regular guy from the UK who is the owner of a seven bay service centre/garage. I am not a financial expert. The dreaded inflation is upon us again. For the guys as old as me then this is nothing new. Back in the 70,s we had 15% inflation, but we all got by and lived for better trading days. Here in the UK we have always looked up to the USA because of your business prowess. So what do you guys look out as your worst enemy!
      When prices are going up then I find that the gap opens between rich and the poor's disposable income. So this question will effect garage owners in different areas. My garage is in a poor area with many immigrant families who drive cars. So this means we have to be more flexible with pricing. Finding out if your customer can afford that service ! For this reason we devised a three tier service pricing structure. This has also the effect of not loosing your profit margins. 
      The lowest price should include an oil and filter change and a general vehicle check over. This way we find the customer will perhaps be able to afford a service and your profit margins wont drop. This is just one small idea that we carry out! What do you guys do in these times of high inflation ? 
    • By Joe Marconi
      There seem to be mixed opinions on what Business System is the best. And also, not all business systems fit a particular repair shop model.
      There are a lot of new players in the past few years: Auto Leap, Protractor, Teckmetrics, Shop Boss, Shop Monkey, and more.
      Are you happy with your system?  What features are important to you? 
    • Advertise your services or products to passers-by attracting them towards your business
    • By Joe Marconi
      I have heard mixed messages from around the country concerning parts. Are you seeing acquiring parts getting worse or better?


  • Our Sponsors


As a New BannerBuzz.com Customer You Get 20% Off Your First Order! Use Code: FIRSTORDER for 20% Off Custom Banners, Decals, Marketing Materials, and Any Custom Print Needs! Offer Does Not End


As a New BannerBuzz.com Customer You Get 20% Off Your First Order! Use Code: FIRSTORDER for 20% Off Custom Banners, Decals, Marketing Materials, and Any Custom Print Needs! Offer Does Not End


As a New BannerBuzz.com Customer You Get 20% Off Your First Order! Use Code: FIRSTORDER for 20% Off Custom Banners, Decals, Marketing Materials, and Any Custom Print Needs! Offer Does Not End

×
×
  • Create New...