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AndersonAuto last won the day on September 30

AndersonAuto had the most liked content!

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About AndersonAuto

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    Experienced Poster

Business Information

  • Business Name
    Anderson Automotive
  • Business Address
    19745 159th Street, Olathe, Kansas, 66062
  • Type of Business
    Auto Repair
  • Your Current Position
    Shop Owner
  • Automotive Franchise
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  1. AndersonAuto


  2. I've been listening to an interesting book that I think a lot of us can benefit from. "Profit First" by Mike Michalowicz. It takes the "pay yourself first" principles that a lot of personal finance gurus talk about, but few of us do, an applies it to doing business. We all need to understand that our businesses exist to produce a profit for the owner, not to fix cars. If we want to fix cars, we can fix cars working for someone else. I'm fortunate enough to have my business to a place where I'm actually getting a decent profit, although it's not quite as much as I want. Probably a result of being lucky more than being good. I have never quite reached the elusive 20% net plus my W2 pay. I intend to change that this year by removing my profit first, then figuring out how to run the business on what remains. If we think about it, we figure out how to run our businesses on less money all the time. Every lean month we have, we figure out how to get the bills paid with what we have. What if "what we have" is simply what's left after we remove the profit? I bet we could all figure out how to make it work, and would finally realize the benefit of being business owners.
  3. 180 room is actually part of Joe's KC BBQ. It's their side room for groups. I-35 and 119th Street.
  4. I should be able to be there. This is my neck of the woods, so no real excuse not to meet some of you guys.
  5. That makes sense, but yes, out of context it looks like you just snapped a pic at random.
  6. I wish I had the magic answer to this question. I do have a few suggestions though. Top talent is going to be interviewing you as much as you are them, and they're going to start at your Web site. My Web site is in process of being updated, so don't go by my example. First thing that jumps out at me is the family photo. Change it. Nothing wrong with a family photo, but not that family photo. You're dirty and unshaven, and you sat the family down on a curb outside the shop and snapped a pic with a cell phone. Pay someone to take a picture that you would frame and hang in your home. Also ditch the pic of the old jeep Comanche. Those things sucked when they were new. No one with the euro experience you're advertising for wants to see that. Then I would make an employment tab at the top. On it you should include a mini application, and show pics of the shop full of the kind of vehicles you say the prospective tech needs experience on, with pics of scanners and other high tech equipment being used on them. Look at stock photos of guys using scanners etc and try to emulate the look and feel. And make sure the shop is sparkling clean and jam packed with cars to work on. The goal is to portray a clean environment where a guy can knock out some serious hours. They certainly don't want to crawl around on the floor working on 80's vintage jeep pickups.
  7. 5 of my techs make between $30 and $34 per flat rate hour. My 3 master techs are at the top of the range. My apprentice tech is making $18 on the clock.
  8. I guarantee that I'm going to do everything in my power to keep the bays full and the work flowing. I also offer the official Department of Labor guarantee, which is that if you don't flag enough hours to equal at least minimum wage for the hours you were present in my shop, I will pay you minimum wage. I also guarantee that if I ever pay you minimum wage, you're fired.
  9. Back when my shop was young I offered a guarantee of 30 hours. What I found was that a tech with a 30 hour guarantee will produce between 28 and 32 hours consistently. They will also blame the shop for their lack of productivity. Then they want to strut around like some sort of hero if they flag over 40 hours once every few months, feeling like that's clear evidence that the problem isn't with them. So I backed the guarantee down to 20 hours. Guess what happened? The techs (I had two at the time) became even less productive and more disgruntled.
  10. Most fun you can have at 8mph with your clothes on. Stinkpots..... can't imagine what you were thinking. A week long trip from Florida to the Bahamas, including running the generator so we can have the AC running at night, costs about $200 in fuel. Can you even make it to the fuel dock and back for $200? It doesn't matter what you want. Your wife wants a cat.
  11. I have other things to do, like sail around the world. The last thing I want to worry about is having to go over a P&L with my manager from some tiny island in the South Pacific with little to no internet. Or worse yet, having a key employee leave and have to fly back to fix the shop and replace those key people. I'll gladly trade the additional net I might receive from being an absentee owner for the freedom to sail away without having to worry about whether the shop is doing well enough to continue funding my adventure. This of course doesn't mean I'll let my shop go for under market value, and I do have a plan in place to make it happen.
  12. I've had that happen a few times over the years. They probably did you a favor. It's always infuriating, but you're probably much better off without someone like that working for you.
  13. Honestly, I'm surprised that when looking at shops in the $2M revenue range that you're finding such inconsistencies in the books. The shop owners I know with businesses at that level run pretty clean (as far as I know) operations. How much spread are you finding between annual net they claim vs what's on the books?
  14. Of that I have no doubt. What size shops have you been looking at? Bays? Revenue?
  15. I'm just the opposite. The better we're doing the more I think about selling. I've got things to do that are not running an auto shop. It all depends on how you define reasonable. If reasonable is a low price, which is what I suspect you mean, then you won't find a well run shop for reasonable money very often. If reasonable means a good return on your money, there are shops to be had. If you can put down $200K on a $1,000,000 purchase price for a shop that will give you $200K back in your pocket every year, a million bucks is pretty reasonable. Even if you deduct an 800K loan at 5.5% for 20 years, you're still looking at $135K annual return on a $200K cash investment. But the reality is that a shop doing a $200K net is only worth at best $700K, so your 20% down is now $140K and your net after the loan payment is now $153K. Where else are you going to get 109% annual return on investment? This assumes of course that the $200K net is a real number, doesn't include paying yourself a salary for management, and that you have the ability to sustain it.

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