4 Mistakes To Avoid When Opening A Car Repair Shop
Opening a car repair shop is a great way to establish a successful and lucrative career in business ownership. But there are certain mistakes you must avoid.
1. When Opening A Car Repair Shop, Don’t Try To Go It Alone.
It might seem like a nice idea to open your own completely independent car repair shop, but for most people who go down that road, it’s not a lucrative journey. Franchising and royalty fees are generally quite modest, so in the grand scheme of business, you really don’t lose much. But you can gain a lot. You get guidance and training on how to successfully open and manage a car repair shop, you get help with marketing, you can be referred to a financial institution, and more. Perhaps most important, you’ll get a brand name to operate under. Without a brand name, potential customers won’t know who you are and might not trust you with their vehicles.
2. Choosing The Wrong Franchisor When Opening A Car Repair Shop.
Of course, all the benefits of operating under a franchisor only occur if you pick the right franchisor from whom to buy your car repair shop. A brand name is only any good if people recognize it and have positive associations with it. You should also buy from a franchisor who offers protected territories, this way you’ll know they won’t allow another franchisee to open a car repair shop near you. Lastly, look for a franchisor that has a preferred vendor program that allows you to get top quality parts at reduced prices.
3. Not Having Your Finances In Order Before Opening A Car Repair Shop.
Opening a car repair shop is not something you can do on the cheap. It could cost as much as half a million dollars. You’re likely to make that money back, but it’s still a big investment. While you can get a lot of it financed, you should have a net worth of about $500,000 and liquid assets of at least $150,000 if you’re going to make it work. Here we see another benefit of buying a car repair franchise. No respected franchisor would sell to you if they didn’t think you had the financial capabilities yet.
4. Forgetting To Talk To Tuffy Tire & Auto Service!
If you’re looking to open a car repair shop, it would be a huge mistake not to contact Tuffy Tire & Auto Service. We offer the best car repair franchises in the business and we are always interested in talking with qualified candidates. If you’d like to learn more about how to become a Tuffy franchise partner, please contact us via our website or call (800) 228 – 8339.Back