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bobbyt

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  • Posts

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Business Information

  • Business Name
    Planning to Open
  • Business Address
    houston, katy, Texas, 77494
  • Type of Business
    Auto Repair
  • Your Current Position
    Future Shop Owner
  • Automotive Franchise
    None
  • Banner Program
    None
  • Participate in Training
    No

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  1. bobbyt

    bobbyt

  2. Hmm interesting numbers... I looked few of these stores on sale at bizbuysell.com and I have seen financial for couple of these.. for example one shop is for sale for 400,000 and SDE is 140,000. This is a good amount even after paying taxes? (these numbers are not exact but very close) I am sure I am missing something.. I am still 6-8 months away from getting into this business.. in mean time as you suggested I will gather/learn everything I can about this industry...and will hire professional for due diligence etc once close to make a deal. Thanks for your guidance!
  3. Thanks Guys for very relevant questions..and advice.. The reason I wanted to quit my job and do my business is.. I have been doing job for 15 years.. basically I have been working for someone else.. making money for someone else from last 15 years.. so why not work for myself..at least I know putting more hours goona make me more money.. not to anyone else.. and I will have my own schedule.. I have zeroed on Gas Station, Auto repair/parts franchise like NAPA, PepBoys etc, or buy running local service shop (no franchise). Franchise is the my least preference.. I did looked at lot of other business too.. and noticed % of profit is more in auto service. and it should be as it is a specialized skilled business. Also in car service working hours are decent, weekends are off etc. and it's not pure retail business like gas station.. Also I do spend some time in my neighborhood service centers and I have never seen one without any cars..I mean they are always busy.. running business before...Yes I do have some experience running a gas station.. worked during my school days.. No business is easy it is true and I get that, but one has to start from somewhere.. "Best advice I can give is before you do anything go out of town to a successful shop and spend a week either working or observing.". I liked this idea a lot.. I am not sure if a online business course will help me..but If I get to spend a week or two on a successful running shop that would be give me first hand experience.. but not sure if any one will let me observe or work in their shop just like that.?
  4. Hello to everyone from Houston TX. I need some advice on buying a running auto repair shop..But I am not a car mechanic.. I have a full time computer programmer job from last 15 years.I make decent living. But from a while now I am planing to own my business. I am ready to quit my job and work full time on the business. Typically I see if I buy a running shop, I will get 4 weeks of training from existing owner and my plan is to hire the owner as manager from another 3 months to make sure, I get enough time to settle in. My only concern, without knowledge of cars know/how. can I run business successfully? How would I know what my mechanics are working on, how much time does it take to work on a job ? How do I hire new mechanics etc? Any advice is highly appreciated! Best Bobby
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