How do I start my own auto repair shop?

How much does it cost to open an auto repair shop?

In total, the approximate cost to open an auto repair garage today is $37,500. This budget includes a full equipment list, administrative fees like shop insurance and accounting fees, marketing and inventory.

Is owning a auto repair shop profitable?

In general, a larger auto body shop can earn $100,000 per year, and mechanics themselves can make between $30,000 and $50,000 per year. … If you run an independent shop, you will likely charge your clients between $70 and $100 per hour, whereas a shop at a dealership may charge between $80 and $150 per hour.

How much do auto repair shop owners make?

While ZipRecruiter is seeing annual salaries as high as $111,500 and as low as $18,000, the majority of Auto Repair Owner salaries currently range between $30,500 (25th percentile) to $55,500 (75th percentile) with top earners (90th percentile) making $79,500 annually across the United States.

Is auto mechanic a good job?

Becoming an automotive technician is a good career option, especially if you are passionate about cars, love working with your hands, and wish to start earning as early as possible. Becoming a mechanic is also rewarding in terms of pay, as technicians can earn more than $65,000 annually.

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Are auto shops a good investment?

Buying an auto repair shop is, for many, one of the best investments they will ever make. The auto repair business is solid and growing. … Older cars need more repairs which means more business for auto repair shops. What’s more, there are more vehicles on America’s roads than ever before.

Is a tire shop profitable?

Gently used tires sell for up to half their initial cost, while more worn tires sell for much less. Despite these low prices, businesses can still earn a handsome profit. … For each tire sold, many businesses charge an additional $15 to $45 to mount and balance the tire.

How much do body shop owners make a year?

According to Chron.com, the average annual salary for an auto body shop owner is $101,000, although this varies by region.

What is the future outlook for auto mechanics?

Job Outlook

Employment of automotive service technicians and mechanics is projected to show little or no change from 2020 to 2030. Despite limited employment growth, about 69,000 openings for automotive service technicians and mechanics are projected each year, on average, over the decade.

How do mechanic shops make money?

Auto repair shop businesses make money by taking in customers’ vehicles, testing them, replacing the parts that don’t work, and sending the customers on their merry way.

Is auto mechanic a dying trade?

There are roughly 750,000 auto technicians and mechanics in the country. But the U.S. Bureau of Labor Statistics concluded the industry needs an average of 76,000 new employees in the field each year for the next decade to offset retirees and meet demands for new job openings.

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Why being a mechanic is bad?

They have to constantly lift items which can have a strain on their back over time. Also, they may spend long amounts of time bent over or lying on their back. They must use various tools that put them in awkward positions. … As mechanics age it can be more difficult to do certain tasks.