Regardless of whether you operate a single bay car repair shop or shops in multiple locations, a 5% change in any of your core sales areas could be the difference between profit and loss. You must understand the financial aspects of your business if you hope to create sustainable profits. Unfortunately, this is an area where many automotive businesses struggle. Many lose money due to a lack of processes and appropriate systems within the business.
In Hunt Demarest’s book, Your Perfect Shop, he has compiled some of the best practices for auto shops. By the time you finish reading, you will know the best way to build, run, and sell a profitable repair shop. The purpose of this book is to give you a core understanding of the financial aspects of the business.
The difference between a successful repair shop and one that struggles often comes down to a few percentage points in key metrics. It is the mastery of these metrics that makes all of the difference between making payroll and putting money away for your future. By reading Hunt’s book, you are taking the first step in implementing processes that will help you build your perfect shop!