Ratchet+Wrench: Want to Get More for Your Shop? Start Before You’re Ready to Sell
A profitable auto repair shop doesn’t automatically guarantee a high selling price. What really makes buyers willing to pay more? In his latest article, ...
Ratchet+Wrench: Same Labor Rate, Different Profit
Two auto repair shops can charge the same labor rate and still walk away with very different profits. So, what makes the difference? In ...
Selling Your Auto Repair Shop? The Buyer Makes a Big Difference
You could spend years building a profitable auto repair shop, only to discover that finding someone willing to pay what you think it’s worth ...
Waiting for Lower Interest Rates? Your Shop Can’t Afford to Wait
Remember when everyone thought borrowing money would get cheaper in 2026? That hasn’t exactly worked out. Interest rates are still putting pressure on businesses ...
A Tax Deduction Doesn’t Always Save You Money
Shop owners want to pay less in taxes. That’s understandable. But there’s a big difference between making a smart financial decision that also lowers ...
Tax Planning Should Start Before Tax Season
If the first time you’re thinking about your tax bill is when your return is being prepared, you’re already late. A lot of shop ...
Hiring a Great Technician Is Only Half the Battle
Finding technicians is tough. Keeping them may be even tougher. About 70% of people who take their first job in the automotive industry leave ...
Your Break-Even Number Is More Than a Sales Goal
Most shop owners have a rough idea of how much they need to sell every month to keep the lights on. Maybe it’s $100,000. ...
That Unpaid Invoice Could Be Messing With More Than Your Cash Flow
Every shop eventually runs into a customer who doesn’t pay. Maybe the invoice sits in accounts receivable for months. Maybe you know the money ...