By Nevil Jay
I'm currently looking into a business acquisition. It's a wheel repair shop based in South California. I have questions in terms of profitability and also, the expenses involved within the business.
I have profit and loss statements of the business. They currently operate 24/7 and have 30-35 employees. I am looking for someone who has experience in this sector that may be able to give me some unbiased advice. I also wanted to somehow come up with a valuation of the business. It operates out of a leased building, but consistently profits the owner a large amount of money. Who should I look for to verify these numbers? Will any CPA be able to understand?
Thanks in advance,
I have an older coats wheel balancer. Works great and is accurate. The problem is that on modern car 19-22" wheels it becomes really hard to eyeball the correct place on the wheel for the weight. Extra spins become common because the last weight was a few degrees off the mark. Newer balancers have laser pointers that make it easy. Has anyone retrofitted a pointer to their older balancer? Did you buy a kit or did you build something? I've done some searching but I can't find anyone that's done this before. I feel like it would be really handy.
By J.P. GLENN
Anyone using alignment stands on a 2 post lift? How are they for daily use?
I have a smaller shop with 2 techs and 3 bays, We have 2 lifts and 1 small "flat" bay. We are Japanese specialty shop that is growing and we were planning to add a new lift to the flat bay. The bay is not deep enough for a true 4 post alignment lift, so I was planning to purchase a new 2 post lift and add stands with an alignment machine in the near future. In searching for the right lift to be used with stands, I was just offered a used 2 post Hunter alignment rack that would fit in the bay for the same price as the 2 post with stands... and that really got me thinking...
We do an average of 25 cars a week on 2 makes and we are adding 3 more early this year (thus the need for another lift). We just started doing tires this past year and only sublet alignments when they are absolutely necessary. Our situation is pushing us towards needing an alignment machine in house, but we could use another lift for "over flow" just a much.
Knowing that we will be doing alignments out of necessity in the near future, I am leaning towards having a dedicated alignment lift. My questions are:
1. Does anyone regret purchasing their stands over an actual alignment lift?
2. Does anyone do "other" work on their alignment lift?
3. And how many alignments should I really expect?
If space were a major issue, what would you do?
(Drive-on alignment lift -OR- 2 post lift with alignment stands?)
Who else went to SEMA this year?! Last year we won some small tools from an OTC diagnostics competition and this year, we won a free Hunter SmartWeight Wheel Balancer (even though not the road force, its a huge upgrade for us). All you had to do is post a photo on Instagram and use their hashtag. I think they have this competition every year.