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Pete K

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Pete K last won the day on June 21 2014

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About Pete K

  • Rank
    Occasional Poster

Business Information

  • Business Name
    PRO-SPEED Autoworks, LLC
  • Business Address
    14220 Sullyfield Circle, Chantilly, Virginia, 20151
  • Type of Business
    Auto Repair
  • Your Current Position
    Shop Owner
  • Automotive Franchise
  • Website
  • Banner Program
  • Participate in Training
  • Certifications
    ASE Certified since 1989

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  1. Pete K

    Pete K

  2. I recently heard of the Automotive Service Association (ASA). A quick search here gives me zero results. Has anyone heard of them? Any members? Curious about them as they claim to be non-profit. https://asashop.org/
  3. Please check out our website: http://www.prospeedautoworks.com Would love to hear some feedback, especially around SEO.
  4. I use a combination of a frequently updated website (hosted by Google apps), Google AdWords, Google Plus for a maps entry and ratings, and Yelp for ratings. I even have a few ads on Craigs List that I keep running constantly. I've been in business a year and 90% of my new business has been via Internet referals. Yes, you do get some cheapskates looking for bargain deals but I am happy to have those customers go elsewhere After we discuss pricing.
  5. I will second the recommendation for SMOTGO as a shop management tool. It is excellent - web-based and totally free as bstewart mentioned. I also use quick books online but only to run my finances. I accept credit cards with the GoPayment option and it connects directly to my bank account to automatically pull in transactions. So SMOTGO to run the shop, QBO to handle the finances. Been working well for me so far.
  6. I am one year into a similar situation but instead of lack of experience it was lack of time (I decided to start up a shop while still working another full time job). I got lucky and was able to hire a very seasoned tech who was looking for something more. I currently pay him flat rate for billable hours only but his condition for coming on board was to eventually become a partner. I will soon be making him a minority partner as we are growing like crazy and he is very dedicated. It also helped the trust factor that I already knew him and his friends before bringing him on. Like I said, I got
  7. What insurance companies are you guys using for business insurance? I am shopping now and received two fairly high (seemed to me) quotes from Farmers and Travelers.
  8. Right now, I am doing any type of work I can get my hands on from friends, family and a few word of mouth customers but also proactively purchasing and repairing cars to flip for a profit. I just sold a Saab (not my first choice) for a profit, next will be another vehicle that my business partner is partially donating to the business. So far so good. The short term plan is the keep flipping to pay the rent while working hard to generate interest and business doing what we really want to be doing -- performance and resto projects. If car flips continue to be profitable, we will kee
  9. Hi folks - Long time since I last posted but thought I'd provide an update. I decided to get a little more aggressive with moving my shop plans forward. I started looking for low cost shop space to get started working on cars to flip and handle small customer jobs/projects. I'm sticking with the plan to get started slowly and then break away from the day job once the shop is generating enough revenue. I now have a business partner who is willing to help with some startup capital so we decided to start with some low cost space with the plan to move to bigger/nicer space in about a year.
  10. Jeff - Working on a few classics now. Working the car shows is actually part of my strategy. Appreciate your thoughts on the body shop idea. Xrac -- Appreciate your feedback. It is a different animal for sure, but it's what I'm most passionate about. If I'm going to get into this business I think it best to go this route to stay motivated. Gonzo - Appreciate you thoughts. The sales aspect of it is really only a backup plan to get cashflow in the startup phase or during those slow times. Not really what I'd want to do full time, unless it proved successful. Harry -- Agree that t
  11. Hi folks - any thoughts on my latest post/questions? Appreciate any feedback. Thx - PeteK
  12. Thanks again for the feedback, guys. Sorry it has been so long since I posted last. Have had a series of things going on that have delayed my planning. At any rate, I have not lost interest and am still looking for ideas on the best way to start something up. A few items I have changed in my planning over the past few months and now I have more questions: 1. I definitely want to my new shop to focus on auto restoration work, not general repairs. Question: Can anyone provide any info or detail on estimating revenue for project type work? Also, do the major RO systems (Mitche
  13. Thanks, I will check out EMyth. Hadn't thought about working behind the counter of another business but that's a great idea. Four to six bays is what I was thinking and I do have the population for it (100,000+ in the immediate area and another 60-100k or so in nearby surrounding areas). Plenty of money too -- median salary in the area is 100k /yr. Trouble is finding a good place to set up shop. I'm Leary of building something new for a first shop so I'd prefer to lease either a suitable space in an industrial park or buy into an existing operational shop. My fear of the industria
  14. Thanks, guys, for all the detailed info. I'm definitely not looking to be the main mechanic -- been out of it too long for that. I am really looking to build an auto business then build enough capital to start another one, then who knows from there (grow and expand for sure). I know it will be hard, I know it won't happen overnight. I look forward to the challenge, but before I jump in with both feet I need to be realistic with myself on how it's all going to work. My main concern right now is knowing the break-even point so I can know if it's possible to break away from the day job while

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