Quantcast
Jump to content


    • You can post now and register later. Already registered? sign in now to post with your account.
    • ×   Pasted as rich text.   Paste as plain text instead

        Only 75 emoji are allowed.

      ×   Your link has been automatically embedded.   Display as a link instead

      ×   Your previous content has been restored.   Clear editor

      ×   You cannot paste images directly. Upload or insert images from URL.


      Once you submit your question, a new topic will be created for you in our forums. Our moderators may move your topic to a more suitable forum category if one exists. Members will see your topic and be able to respond to your question.

    • This will not be shown to other users.

Recommended Posts

Good day to you all!

 

I have been trying to do research in how to financially manage our small business, and came across this site. Been looking around it and reading some real good articles.

 

My husband and I have started our own mechanic shop in Houston Tx. This is our 2nd time giving it a try. Last time we got into it without knowing anything at all about how to run a business. We mutually decided to closed it down and wait till the time was right for us to try again. We both got a job at a repair shop. My husband was working as a mechanic in the shop and I was helping inside the office. We got some experience while working there but not enough.

 

3 years later and here we are again. This time we seen there was an opportunity and we just could not let it go by.

 

On November 22, we will be making one year since we open our small Auto Repair Shop. We are so grateful with all the support that we have been receiving from our community. We have lots of work, and is all by referrals. The only marketing i have done is through Facebook, most of our customers are walk-ins or friends, or family members from people we have done work to their vehicles. We are very happy with the outcome. Our local dealer is even sending us cars for us to work on them and right now their jobs is what is keeping us afloat.

 

Our shop name is Exclusive Auto Care, we have 2 mechanics that work with my husband. Very good guys by the way. I work in the office. I deal with the customers. I get the jobs in, and my husband gets them out. I order parts, deal with estimates and invoices, all that good stuff. I enjoyed what I do and why I do it.

 

Im not so sure that we are doing everything the right way or how we suppose to. Our rate is $80.00/hour. We are the cheapest ones in our area. The rest auto shops charge $90-$100/hour. There is 4 mechanic shops in our same street, regardless of that I dont see them as competitors. We all trying to make a living here, and their reputation is not all that good. We are just happy with any work that we get. We order parts from O'reillys Auto Parts. We get a discount and raise the parts to 0.8% (im not too sure about this percentage) How much do you guys mark up parts? Some times I dont think we make any money on parts. At times the customer rather get their own parts and we are ok with that too. If customer bring parts do you guys offer warranty? How long? We were giving 3 months (90 days) but due to us loosing money we had to make it 30 days only. I am thinking about not offering a warranty for parts that are supply by the customer. Could this be a good decision? Why or why not? I am in desperate need of advice I dont want to see our business fall apart.

 

Thank you so much for taking your time to read my post.

 

Have a good day!

Zulma

 

 

Share this post


Link to post
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 AndersonAuto
      A bit of a clickbait title, but not inaccurate. The shop is doing amazing, and I haven't been here but a few hours here and there since last June. Prior to that I had been the shuttle driver and not much else.  I sold the shop to my manager, something that has been in the works for over 3 years. Spending the next couple days at the shop getting a few things settled (vendor accounts, recurring payments, etc) before the final handover on Saturday. I'm retired now at 55, and I won't have to work another day. My wife and I are moving onto our boat and we're going to sail around the world a few times.

      The moral of the story is that you CAN get there. You don't have to be particularly bright, I'm certainly not. You don't even have to be an amazing manager. There are thousands of shop owners who are better managers than I am.
      You do have to work hard. Way harder than the average guy, and a lot of guys work pretty hard. 
      You do have to be smart about your business. Don't spend money you don't have yet. Cash in the bank fixes a world of sins, make sure you have plenty. 
      You do have to take calculated risks. Business ownership is not for the meek. You'll have to take risks that the average guy would never dream of. Be fearless, but DO THE MATH before you jump.
      You do have to fully understand your financials. If you can't read a P&L and be able to see there's a problem that needs further investigation, you better learn how. Same with your KPI's.
      You do have to do great marketing, and lots of it. There are guys out there who claim they don't need to do any marketing and are swamped. Maybe there are, but I'm not one of them. Odds are you aren't either. Get busy marketing.
      And you do have to get good business coaching and listen to what they say. You could be stupid like me and wait 12 years before you finally get a business coach and start making money, but why would you want to do that? Get one now. If they don't pay for themselves many times over, odds are you didn't do the work to go with the advice.

      John
    • By spencersauto
      What's your houlr labor rate and where are you located? We're currently at $95 in Texas
    • By Mark Johnson
      Do you ever worry that if the credit card you’re using to make business purchases isn’t in your business name that you won’t be allowed to take the deductions?
      The good news is, that’s not the case—even if you have a separate entity!
      This doesn’t mean you should mix personal and business expenses.
      When you take a personal credit card and use it entirely for business expenses, you are essentially contributing this debt to your business.
      You can use the card the same as if it was in the company’s name and deduct every business expense you purchase on it.
      This can be a great strategy, just like with auto loans, when the company is new because it’s harder for new companies to get lines of credit without an established credit history.
      So if you’ve got a personal credit card available for business expenses, feel free to use that card and benefit from all of the rewards!
      To learn more please call 1954-324-0803 or book an appointment at https://calendly.com/markjohnsontaxplanner/45min

      View full article
    • By Joe Marconi
      Usually the winter drops off in sales, but along with car counts.  This year is different.  Customers seem consumed with debt and worried about thier finances, and putting off needed vehicle maintenance.  Not good.  In the long run this leads to breakdowns and larger repair bills. 
    • By CAR_AutoReports
      Hey Everyone,
      I'm Ricardo from Complete Auto Reports.  You may have heard about the shop management software that we made at a shop in Linden NJ. 
      We've been really busy over the last year trying to refine the process at a shop through the software.  We have come up with something we think that people can and will benefit from.  We want to start with smaller auto repair facilities who are looking for something to transition out of paper and pen, as well as word documents and/or excel spreadsheets.  
      We've taken our software and made a free package that allows the following from any device with a updated and functional browser:
      Take appointments from your customers Digital Vehicle Inspections - Included in every service request and sent to each customer if performed Workflow - Pending, Under Process, Awaiting Approval, Approval Completed, Work In Progress, Completed Ratings - Customers can communicate ratings directly to you Messages - You can communicate with customers through the platform Customer App - All service history available, can schedule appointments with the app, transfer vehicle records to new owners Sales Reports 100% mobile - Works on everything from your 5inch iPhone to your desktop. 
      You can presently upload all of your customer information: name, address, phone numbers, email.
      Paid for versions offer parts ordering through PartsTech.com and Employeement modules that track employee time on jobs.
      Are there members here who are interested in trying the free platform to see if it's a fit for their business? Anyone interested in the paid for versions, can also get 60 days of free use and discounted rates available from our SEMA promotions.

       
      Our 3 plans can be broken down into these simple differences:   Free:  No inventory, no online parts ordering through PartsTech, only one photo/video per service request, one login, no employee management $50 per month (also have yearly options to save $): Includes online parts ordering through PartsTech and includes inventory, one login, no employee management $100 per month (also have yearly options to save $): includes everything with 5 logins to access the system. We often get asked, "What use can a bigger shop possibly get from the free plan?"
      With the free plan, you can take appointments digitally from your customers and then upload a copy of their receipt from your existing system to their profile in CAR. Reducing paper waste and creating a digital record for your customer to always have.  You can also use the free plan to send your customers a video or photo of the services you are performing, complete with billing the customer through the free plan at the end of the service.  These are all features that you pay for with add on systems, they are all available for free with us as you learn to adapt to smarter, more efficient technology.
      Data:
      The data you enter is yours, we do not have any agreements presently to share it with anyone and we certainly will never be sharing any personally identifying information with anyone.  Majority of the data we are interested in is to build better features to serve you better.
      Should you ever decide you no longer want to use our platform, your account will be available to you for free for one year at minimum.  In addition to that, we can and will provide you a complete data dump of all of your records within 72 hours of the request.  These companies that make it impossible to recover YOUR data is the reason for our open policy.  We want everyone to change their practices and we're leading by example.
      Cancellation:
      If you decide to cancel your subscription for any reason, all of your data can and will be exported and delivered to you via a USB stick you provide or through email in the way of an Excel file(s).  Additionally, you can access ALL OF YOUR information on our server for one year without any interference from anyone at CAR.  Most of you may not know, but I actually own a shop and if it's one thing I can not stand behind, it's these companies getting access to all of our information for secretive reasons or keeping us from having the very data that belongs to us in the first place.  You will never encounter this experience with us.


  • AutoShopOwner Sponsors



×
×
  • Create New...