For many people out there, starting a business is more like a dream. In case you are a mechanic or even planning to become one, you first need to start with the idea before pursuing the same. When starting a new repair shop, try adding specific hours, evaluate the market to work on customer pricing, and take a step ahead to control your career.
An automobile repair shop is a business that means employing mechanics who can effectively provide vehicle repair and maintenance to the businesses and customers around. The repair shop may involve services such as custom installations of parts like music players, window tints, and other upgrades.Read More
Here are a few things that you must take care of before starting a repair auto body shops.
Finding a Suitable Location
- Find a place that helps you to stay within the reach of your customers.
- Always pick a location that is a little larger than you might require.
- Make sure that the location is somewhere close to the city or town.
- The space must have a waiting lounge where your clients can when.
Identifying the Target Market
Remember, the ongoing services or related contracts also brings steady incomes to the table. Furthermore, this also reduces the cash or work-flow related issues that can be quite challenging for your business in the long run.
The customers for your car repair businesses have a unique set of requirements. But, the thing that remains common is that either their vehicle is broken or needs a maintenance check. Here, the most preferred customer is the one with a service contract.
However, there will be some who may want to go for a one-time service to avail of the discounts introduced. Such types of customers are generally the ones who will hire based on your low prices.
Expenses involved in Starting an Automobile Repair Shop
1. Cost of a diagnostic machine might range from $5,000 to $10,000.
2. Expenses in terms of rent and utility bills may be from $1,500 to $15,000 per month based on the size.
3. Insurance and other bank-related expenses are about $3000 – 4000 annually.
4. Software selection to keep track of all the service vehicles.
Total charges may be up to $47,700.
Somehow, these all prices are linked with opening the car collision repair shop, they are generally quite high that you have to pay.
Highlight your Expertise
While most repair shops generally repair generic service, you can expand your business by highlighting your expertise. Just make sure that your competitors are not offering similar services to that of your expertise, this will help you to stay ahead of them.
“The secret of change is to focus all your energy not on fighting the old but on building the new.” — Socrates
Some examples of your expertise might involve:
- Special repairs
- Vehicle modification
- Bike modification
- Collision repair
These are just a few! As the trend in the auto industry is taking a shift, and everyone is now opting for eco-friendly products. You should make sure that you also provide repair to hybrid or electric cars or vehicles.
Consult a Lawyer
There is a lot more that comes along when starting your own business apart from finding the right location and highlighting your expertise.
Yes, you are thinking, right!
You will need to get a business license to operate an automotive body shop. Well, to do that, you do need to look into the regulations, liabilities involved, insurance-related requirements also, in terms of opening the accounts to handle the payments along with tax reporting, filing your assets, and other pre-sale steps.
Video Credits: Scotty Kilmer
Spreading the Word Out
Here, marketing helps to open your shop’s door for your customers. Make sure to organize a grand inaugural event, to let the people residing around to come through those doors. You will also require to have a standardized service list along with some inaugural offers mentioning the prices to promote your services. This way you will be able to estimate your first annual revenue easily.