Can You Make Money Owning A Small Engine Repair Shop

Average Toll to Open an Auto Repair Shop

Interested in opening an auto repair shop? If then, in that location are many unlike things to think well-nigh as you plan out your new business venture. From writing a business plan, thinking through marketing tactics, and projecting your auto repair shop's fiscal information, y'all'll have many factors to recall about in the early planning stages.

To help with planning out the financial toll of starting a new automotive repair shop, we've come up with the following guide of common shop equipment and their costs to help yous think through your finances before taking the spring.

Below is a full breakdown of the projected costs.  Estimates beneath are in US Dollars.

Small Automotive Repair Tools - $1335

• Set of Screwdrivers ($50)
• Hammer ($20)
• Torque wrenches  ($75)
• Ratchet wrenches  ($75)
• Hex wrenches ($30)
• Affect wrench ($300)
• Oil filter wrench ($20)
• Oil baste pan ($xx)
• Bolt extractors ($twenty)
• Pry bar ($20)
• Cordless drill ($100)
• Fuses ($xx)
• Electric tape ($five)
• Vice grips ($30)
• Pliers ($twenty)
• Minor butane torch ($twenty - Our Recommendation)
• Allen and torx bits ($20)
• Funnel ($10)
• Bench Vise ($threescore)
• Jack stands ($100)
• Ramps  ($100)
• Bombardment charger and jumper ($200)

Medium Automotive Repair Tools - $5200

• Jack  ($200)
• Air compressor  ($200)
• Workbench ($300)
• Tool chest ($500)
• Diagnostics and OBD motorcar ($iv,000)

Big Automotive Repair Tools - $3500

• Hydraulic elevator ($iii,000)
• Engine crane ($500)

Garage Supplies - $240

• Showtime Aid Kit  ($30)
• Gloves ($xxx)
• Boots ($150)
• LED Headlamp ($30)

Concern and Administrative expenses - $5700

• Business license, certifications, and permits ($200)
• Insurance ($5k / year)
• Accounting fees ($500 / year)

Garage Space - ($0 - $15,000)

Prices for garage infinite will vary greatly depending on your location. Additionally, cities and locations take different regulations when it comes to running a business from your home garage. If you're looking to save money, double-bank check your city'southward codes and regulations to see if it's possible to open a abode auto repair business. Otherwise, you'll need to hire a commercial infinite for your garage.

Commercial garages can range in price in the U.s.a. from anywhere from $0.50 per square ft/month in smaller towns to $5.00 per square ft/calendar month in big cities on the West Coast.

For a 3,000 square foot garage, for instance, this translates to $1500 to $fifteen,000 per month.

Every bit an alternative, some websites like Garagetime at present allow mechanics to rent temporary garage space and auto repair tools for less than a month.

Automotive Supplies and Spare Parts - ($0 - $5500)

Depending on your auto repair store'due south concern model, you may notice yourself needing to buy car parts and inventory. Does your garage plan on storing mutual repair parts or does it programme on ordering all parts on an as-needed basis? More than than likely, it volition be a combination of having some parts and supplies while needing to guild others.  If this is the case for your store, you'll want to set aside some budget for your initial inventory.

Additionally, here are ideas of a few common shop supplies that most repair shops have on hand:

• Oil for oil changes
• Washer Fluid
• Air Conditioning Coolant
• Radiator Fluid
• Manual Fluid
• Power Steering Fluid
• Brake Fluid
• All Purpose Cleaner
• Brake Cleaner

Marketing costs - $1000

How do you program on getting the word out almost your new business?  There are numerous free and low-cost options available, such as using social media, blogging, or building partnerships with other related automotive businesses like car dealerships or paint and body-only shops.

It'south also been said that the best marketing is only ensuring your repair shop infinite is located in a visible, loftier-traffic location; be sure to take this into business relationship when choosing where to locate your auto repair shop.

Alternatively, there are numerous paid options for marketing your garage. If y'all're interested in increasing your automotive business's online reach, you can expect into paid marketing options such as pay-per-click advertising on search engines, likewise as Facebook or Twitter advertisements. If you're looking for physical advertising, consider sending out coupons and mailers, besides as investing in well-designed signage on your Garage building.

Then how much does it cost to start an car repair shop?

In full, the approximate toll to open an car repair garage today is $37,500.

This budget includes a full equipment list, administrative fees like shop insurance and accounting fees, marketing and inventory.

Source: https://revysolutions.com/blog/average-cost-to-open-an-auto-repair-shop

Posted by: whitebrociall.blogspot.com

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