Quantcast
Jump to content


bantar

Free Member
  • Content Count

    88
  • Joined

  • Last visited

  • Days Won

    20

bantar last won the day on June 15

bantar had the most liked content!

Community Reputation

49 Excellent

About bantar

  • Rank
    Experienced Poster

Business Information

  • Business Name
    Kwik Kar at Craig Ranch
  • Business Address
    8990 Stacy Road, McKinney, Texas, 75070
  • Type of Business
    Auto Repair
  • Your Current Position
    Shop Owner
  • Automotive Franchise
    None
  • Website
  • Banner Program
    None
  • Participate in Training
    Yes

Recent Profile Visitors

3,575 profile views
  1. I'm intrigued at the "return at least twice". We generally ask the to return a week or two later for a single leak check. I'm guessing that you are just giving it more time to manifest. If you do find a leak in one of these checks and let's say replace a high side line, do you charge for the recharge a 2nd time? We bill for the new work only. We generally don't if it's in our leak check window. If they have a known leak, and they don't fix it, then the next recharge is on the customer again. What it interesting is that this method of pressure leak checking, waiting to see if a leak is present, is (seemingly) wrong for 1234yf as the loss of refrigerant is too expensive. I'm trying to figure out how we will approach leak testing for 1234yf. We currently utilize dye and a leak detector (sniffer), but don't currently use CO2 or Dry NO2 pressure testing. There seems to be risk with over-pressurizing, when improperly used, by a careless tech. I'm considering a service + refrigerant charging model to deal with leaks after service. Much more work, and more expensive machine, so the service should be priced much higher. I've been hearing a low of $350 on Honda's to about $600 on trucks. I do like your dual pricing model and might consider the same.
  2. We charge a flat rate of $129.99 for Evac and Recharge, which includes a 2nd Evac and Recharge for any repairs. Many around us have pricing ranging from $49.99-$89, either with 1 lb 134a included or none included. Many seem to charge twice if repairs are needed. Our typical COGS for R134a is about $5-7. From memory, I think folks are selling 134a for $3-4/ounce, but my memory on this is iffy. Frankly, I chose the flat rate model to reduce the accounting of the 134a used and the variable price points. We document our findings, but don't adjust billing. We do have to communicate well with our pricing seemingly higher than others, but we utilize the "one time charge" that helps to close it. Looking at the R1234yf, but demand is not there. We are up to about 4 jobs missed, but this doesn't yet justify a new machine. I'll reconsider when we hit 10+. We will then move to a service + freon model pricing for that service as the COGs is too high - $70-$120 depending on the car. Right now, I'm sending folks straight to the dealer for this service and the accompanying sticker shock. It won't hurt for them to get beat up on their new technology pricing.
  3. Thanks for the update @rpllib I spoke with my CPA yesterday afternoon and we're doing the same. 100% will be spent on payroll. We're ok on headcount. My CPA is still thinking that the taxes noted here are not consistent with the initial PPP desire to help. There's a chance they may review it later as the final 2020 tax rules are prepared. But for now, as you noted, taxes are due. Bad news for my guys.... the gravy train dried up. Even still, I'm happy as we've made their lives better with some "found money" (bonuses).
  4. I'm finding it difficult to hit the 75% spending. Many of my employees have been getting overtime and bonuses and I've not dented the under-spend much given some mid-cycle-yet-normal turn-over. I call them tool bonuses and encourage them to buy that tool you wanted or needed. But, they are free to spend their money how they want. We do have a number of new tools now in the shop. As long as I'm not giving myself a bonus, bonuses already confirmed as ok, just minding the total salary cap per person. I didn't start hiring again until PPP, but then it's hard to hire on a short clock and spend as needed. I'm ready to spend more than the 75% if I can get people on board. I was worrying about this last night and today, I saw this video on LinkedIn from Bryon Boyer , Attorney at Law, Business and Tax and Cryptocurrency Tax and Asset Protection. He gives a nice summary of the new PPP Flexibility Act of 2020. It was signed by the President today (6/5). He talks about lowering the 75% to 60%, but no forgiveness for < 60% vs a prorated forgiveness if less than 75%. I'm OK if the number is 60%. There's something about 8 weeks being extended to 24 weeks, but I'm not sure I completely understand this. I think it's to deal with folks that may still be shut down and unable to hire. Further, some forgiveness for folks recalled but not agreeing to come back (I have one of these).
  5. This might not be popular.... No masks required at our shop, nor are we wearing masks. We see about 40% of our customers coming in with masks and very few (1 per week maybe) ask for us to wear gloves. And many of those with masks will take them off or have them on incorrectly or take them off to talk, but wear them when not talking. Most wait in the waiting room, but we have a handful that are waiting outside. Give it a few more weeks and this will go away as the Texas sun pops out. We do have hand sanitizer on the counter and keep our waiting room clean, even before this virus. We wipe down frequently used surfaces, but, IMO, this is largely a feel-good farce. We can't hide from a virus unless we behave like an operating room and are completely fastidious, wiping everything and changing gloves and masks after everything we touch. (My repair business is mostly drop-off. The waiting room is generally filled with waiters for Quick Lube Services). I've changed my marketing to call out our clean facility. We generally get compliments on cleanliness. Many are changing their marketing and some are opting for a higher-level of cleanliness such as seat covers, surface wipe downs, etc. I'm not seeing much of a call for this. Dealers were advertising this heavy on TV, yet they laid off almost all service staff. It didn't seem to bring the nervous folks forward. I know some shops that are selling a $50 sanitization service. We do our best to respect the wishes and needs of those that grace our doors. When people call in that sound worried, I generally recommend that they put the service off until later. In reality, I would not want to disappoint someone that truly needs or expects a higher level of safety than we can provide. I have noticed that those whom are more concerned will sanitize their cars themselves. They have wipes in the car and will wipe it down to be sure that it was done correctly. In truth, this is likely the best model for true personal safety. We assume that everyone wants social distancing and try to respect their space. I shake hands with those that are comfortable and this is more than you would think. To me, it seems that there 3 types of people: 1) Live Free or Die, 2) Cautious and 3) Scared. Personally, I won't go in a place the makes me wear a mask. (Ask me why I still need a haircut). Ever since the restaurants have reopened for dining in, we've started patronizing them. No longer patronizing take-out only. I fall squarely in the Live Free or Die camp. Luckily, I'm under no local rules that mandate social distancing or other behavior.
  6. Well, the euphoric rise has ceased. We dropped a bit this week. It's staying steady and cars on the road are increasing daily. Local car dealers are reporting good new car sales and are worrying about running out of inventory. This week they also reported a resumption of sales of used cars, when previously, it was dead. 4/19: 63% 4/26: 85% 5/03: 73%
  7. Well, I put together a spreadsheet to track my payroll spending. The payroll spending starts after funds have been dispersed. I need to spend a minimum of 75% against payroll After 2 pay periods, I'm in trouble! Not spending enough. I've recalled a furloughed worker and he's balking.... "I have a weakened immune system", "I'm not feeling good right now", etc. Another isn't being recalled. I've immediately boosted everyone's hours, and have hired a new guy, made an offer to another and will likely replace my furloughed worker. The good news is that I'm spending all of this on my employees! They are getting a boost and I'm using the PPP as it was intended.... for them. I was surprised that I was running so far behind. It's but a small 8 week tracking window, so I only have 6 weeks left to make adjustments. All my advisors are stating that we need to track our expenses very closely, so I'm doing this.
  8. First the good news.... We went to Plucker's for wings last night and were able to dine in the restaurant! Was nice. 25% occupancy allowed, was full, but no line, so this says that many are still waiting a bit more. Now, the great news! Another week of car count increase. Week by week actuals (percentage of expected): 3/15: 63% 3/22: 39% 3/29: 42% 4/05: 37% 4/12: 57% 4/19: 63% 4/26: 85% Car Count for March was 67%, as it started off strong, then nose dived Car Count for April ended up at 55% Revenue remains weaker percentage wise than car count as the jobs are not the best of the litter (not a usual sales mix). Also, Texas has reopened for business 25% occupancy for non-essential. I have one person furloughed that I need to rehire. This week trend is giving me confidence that it's time, but may still wait a few more days.
  9. Two weeks in a row of an increase. Went from 41% for about 4 weeks, to 57% last week, to 63% this week of normal. Regular street traffic is up. I found myself being frustrated having to share the road with other commuters, but then realized that it was actually a good thing. I listened to the DFW Radio show, Wheels, and all of the car dealers on today's show were reporting increases in traffic. Mind you, many of these same dealers laid off many technicians. Here it seems that car sales have been doing ok for being down (they do state numbers sold on this show). However, they were noting that the used car market was upside down due to a weak auction scene, so some mentioned that they were sitting on trade-ins waiting for a chance to unload them. Of course, couple this with Texas starting a limited restart yesterday. Dallas car dealers are by appointment only and in our county, they were not required to shut down. We do have 1 nail salon in Dallas open defying Dallas' shutdown order. We do have one suburb city, Colleyville, that opened restaurants with social distancing (this city is in compliance). On a brighter note, I had one lady spend her $1200 stimulus check and a bit more on a long-overdue timing belt and repairs. We were appreciative of being stimulated.
  10. Good idea. You can use a Realtor style lock box that can be purchased ($32) at Home Depot, such as: https://www.homedepot.com/p/Master-Lock-5400D-9-6-cu-in-Set-Your-Own-Combination-Portable-Lock-Box-5400DHC/100124915 The combination can be readily changed, but test well after changing the combination!
  11. I've stayed open and at least one day per week, I would see a spike in car count and I was hoping that it was an indicator, but then the next day, right back down. Nothing consistent, since about March 15. Running about 41% of normal car count, but total revenue is lower than that. This week, we've been consistently up.... about 57% of normal car count. But I'm now gun-shy and not sure whether or not this is a sign. Next Friday, Texas is starting to open up. I doubt that this soft opening will help much. We need to fully open up and get people back to work.
  12. A big shout out to Elite for making this training available. Lately, there's been some idle time in my schedule and what better way to use it than training. THANK YOU! I found this useful.
  13. SBA Training Powerpoint Released on April 3 2020 https://www.sba.gov/sites/default/files/articles/EIDL_and_P3_4.3.2020_COB.pdf NOTE: On slide 15, it says this about the EIDL quick advance / forgivable payment: Up to $10K depending on # of employees
  14. I do remember reading that some businesses are already engaged and making progress, but I don't remember the specifics. Here's another resource that is chock full of information from other small businesses of all types. Check it out: https://www.reddit.com/r/smallbusiness/ I did at least find someone who has completed the process: When the Disaster loan website started, the process included creating an account, then providing all documents. Later, the business would receive an email with some confirmation that it was received. I guess this was overwhelming. They've changed it to download the applications and submit it "blindly" by uploading your documents. The latter process is not sending out emails. Someone posted a note about not using the blind upload process, but instead suggests mailing documents to [email protected] : It may not really be necessary to panic because one person answering the phones at SBA didn't understand how the blind upload queue is being handled / processed. All in all, things are moving so fast, that clarity and surety are both lacking.
  15. Agreed. We'll come back strong. Here's another angle on Corona Virus impact.... I needed to send out an (Westcreek) finance application for a customer's large repair bill today. Tried to do it and found that they are not accepting new applications. Finally read their notes and they are saying two things (my reading in-between the lines): 1) Your credit score today is NOT an indication of your ability to pay. We can no longer reliably judge/predict your creditworthiness. Maybe you were laid off yesterday, etc. and 2) We might soon have a cash flow problem on our already outstanding loans and need to keep a hold of our cash until we understand the impact. I would guess if these guys are pulling back on credit, others might be doing the same. New car loans?


×
×
  • Create New...