The Auto Repair Business is evolving at almost warp speed. Improved Vehicle quality and the growth of electronics means shops sell less and less parts per driven mile. Shop owners will evolve to making the majority of their profit in labor like accountants, carpenters, electricians, lawyers and plumbers etc. This evolution requires unshakable attention to detail to successfully navigate the transition from parts profit dependency to labor G.P. paying all the bills and parts profit as an add on.
The good news is that dollar for dollar the profit in labor is much higher than in parts. Here’s Why! Research shows the average internal combustion engine vehicle (ICE) has 28-30,000 parts per vehicle if you include every rivet, nut, bolt, washer etc. (an alternator can have 100 parts alone). The average electric vehicle (EV) has only about 7-10,000 parts. ( about two thirds less parts). This class identifies opportunities and provides solutions to increasing your net profit dramatically the first week.
The top 25% most profitable shops earn over 5 times the profit as average shops This class teaches what they do differently and how they do it. Invest 2 days to be with other shop owners & managers, dis-cuss proven business practices and take your shop to the next level. Receive a monthly budget for ea. Category of your business. Know what your net profit should be each month before you even open your doors.