How Much Does It Cost To Open An Auto Repair Shop?

For many, owning a business is a part of the American Dream and a path to personal wealth. If y'all're a mechanic or working on condign a mechanic, reaching that dream might commencement with the idea of opening your own auto repair store. You tin can set the hours, work with customers on pricing, specialize on interesting vehicles, and take command over the future of your career. When you work on the store floor without buying, your earnings acme out at your salary or hourly wage. When you own the shop, the only limit on profits is the capacity of the garage. Earlier you get-go looking for coin to get your garage doors up, planning is critical.

1. Get Certified

You're not required to have ASE certification to work on cars, but without it, you might observe it substantially more hard or expensive to obtain liability insurance and notice financing for your new business. ASE certification tells potential customers that yous know what you're doing. It gives automobile owners confidence, and can be a very of import marketing tool. Before you qualify to take the certification examination, you'll demand a minimum of ii years of work and educational experience combined, with at least i yr obtained on the job.

two. Know the Startup Costs

Earlier you spend a dime opening your shop, you need to know the total projected cost to become up and running. If you don't, you might run out of funds before gaining your get-go client. While information technology is incommunicable to project certain costs ahead of time, the almost common and expensive line items are easily predicted. Co-ordinate to Engagement-Plus, the full price is right around $47,000, in equipment, insurance, and rent. Buying a building and making alterations tin significantly change that number, depending on construction costs. Choosing to buy an existing automobile shop can also affect the bottom line.

3. To Specialize or Not To Specialize

ASE certification ASE_certified is broken downwards into sixteen different specialties with Master Technician status available in:

Automobile
Collision Repair
Medium – Heavy Truck
School Bus
Transit Double-decker
Truck Equipment

You can as well specialize in repairs for specific automobile manufacturers or types of repair. If you specialize, you lot might earn a reputation as the all-time garage for brakes, just you lost out on a lot of other business. Before you open up upwards, you demand to know the scope of the services you lot plan to offer. If you want to specialize, yous'll demand to practice some serious marketplace research to make certain there is enough need to support your new store.

four. Get Legal Advice

A lot more goes into opening a business than simply finding a location and serving customers. Yous'll need to obtain a concern license, await into the regulations surrounding liability insurance requirements, open accounts to handle payroll and tax reporting, file your manufactures of incorporation, and other pre-sale steps. A lawyer is invaluable during this process, helping you ensure every "i" is dotted and "t" crossed. Y'all don't have to retain a lawyer, but it can save you from a lot of mistakes along the manner.

5. Set Interviews

If you have a very small store, yous might do all of the piece of work yourself, but yous volition probably nonetheless need at to the lowest degree 1 employee to handle telephone calls and customers. If you have a couple of lifts and want to maximize your capacity, you'll demand boosted mechanics to assistance service vehicles. The hiring process should start at least a month earlier your grand opening. You lot'll want enough time to bank check references, find the best candidates, and negotiate bounty packages.

half dozen. Get the Word Out

Marketing is some other large part of opening the doors. Be sure to schedule a One thousand Opening, and then locals can cease in and come across the shop. You might want to advertise special discount pricing for that start day or week, just to bring customers through the doors. You'll as well want to accept a standard service listing of pricing and a store charge per unit finalized, so y'all can estimate your revenue potential.

Become Your Ain Boss

Opening a garage might be your ticket to the American Dream, just it takes a lot of piece of work and general mechanic skills. Before you beginning looking for financing, look into your didactics options. At ATI, you can enroll in the Automotive Engineering with Service Direction (AOS) program to learn how to employ diagnostic equipment, perform inspections, and maintain critical systems. Contact us at 800-468-1093 or request data today.

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