If you are already a skilled auto-mechanic with a passion for the job and an entrepreneurial mind, setting up your own automobile repair shop can be a dream come true. The number of drivers in the streets is growing steadily, and buying a car second hand is on the rise due to the recent economic stagnation around the globe, which means there is a lot of work for you out there. Here is how to get things going.
Make a plan
No matter how good you are, you have to have a very concrete plan about the goals and milestones ahead of your business, your financial backing (own capital, bank loan, or another source), and the size and scope of your operations. Scan your preferred area for favourable locations, get quotes from builders, and get acquainted with the fees setting up shop entails.
Register your business
Before you take any action, make sure your personal assets are protected. This is best done by registering a Limited Liability Company (LLC) and guarantees that in the unfortunate event of bankruptcy, your shop does not drag you in the red as well. Additionally, entrepreneurs enjoy a range of financial benefits and breaks meant to help them get their business ideas off the ground, so make sure to get informed once you register! While you are at it, make sure you know which government agency regulates your line of business and obtain the appropriate licenses and permits before you go into operation.
Choose your location
Try to set up shop as close to a residential area as possible to minimise the distance between your business and its potential customers. The more visible your automobile repair shop is to drivers and pedestrians passing by, the better. Work with an experienced local contractor to build an attractive-looking and functional garage which will add to your business’ appeal. If possible, consult colleagues you trust who have already gone your way and might have useful contractor contacts and tips.
Even if you are on a tight budget, you cannot save on gear: it is the one business asset which guarantees quality service and worker safety. While it makes sense to buy some of the heavy machinery used, make sure all fixed equipment (car lifts, pneumatic lines, air compressors) is in perfect working order and also looks clean and well-maintained. Do not shy away from new equipment, either: schlepping cars into and about your garage becomes easier with car movers. Keeping up with such innovations will increase your street credit, too.