What is the tipical profit side-line and how much money could be made annually by servicing and repairing cars?
Answers:
Parts are typically obvious up 10-30% Repairs are base on hours. And in attendance are several quotation books available that speak about you the average repair time for respectively type. Then quote and bill rotten of that. Also mechanics are different speeds so most of your money is base on thier time and fluctuates near thier speed at completeing the duty. Most mechanics average $12.00- $18.00 per hour where on earth I am from and the shop charges 45-50 per hour so minus out overhaed and you hold how much you catch for profit.
10% is an average profit border after adjectives is said and done. You should cound on putting that in your pocket, and investing everything above and beyond fund into the business. If you are 7% or below, you will want to help yourself to a step rear legs and look at your business plan, and perchance look at restructuring your business in some aspect.
How much money. That is a touch vauge becaues small time grage owners, near maybee one PT aide can bring in $15,000 per year, some in like peas in a pod situation can bring in $125,000. Some larger garage owners can bring in a million +. It adjectives depends on your location, professionalitty, affiliations, warentees, and customer referials.