Startup Auto Repair Shop 101 (MUST know Financials!)
Startup Auto Repair Shop 101 (MUST know Financials!)
An overview of the numbers you need to understand in order to launch and grow a successful Auto Repair Business. This video is going to help you understand your Auto Shop’s Sales & Revenue numbers, Gross Profit Margin, and Overhead Expenses, and HOW to calculate them so you can know the break-even point of your Auto Repair Business.
00:00 Auto Repair Shop 101 Introduction
00:28 Calculating Auto Repair Shop Sales and Revenue
02:05 Calculating Auto Repair Shop Profit Margin
03:10 Auto Repair Shop Overhead Expenses
03:41 Auto Repair Shop Break Even Calculation
WATCH – video walkthrough using the ProjectionHub template to create 5-year financial projections for an auto repair shop:
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Download our template here:
https://www.projectionhub.com/template/auto-repair-shop-financial-projections-forecast
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Looking for some free resources? Check out this page for some free calculators and templates:
https://www.projectionhub.com/resources
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ProjectionHub has helped more than 40,000 founders and entrepreneurs to create financial projections so they can raise investment, apply for loans, and plan for expansions/growth. From budget-friendly DIY financial projection tools to high-touch custom consulting with a CPA expert, ProjectionHub has the financial forecasting solutions your business needs.
https://www.projectionhub.com/
If you approach auto and truck repair with this mindset you will probably burn yourself out. You better be passionate about working on cars and taking care of your customers even if you have to eat some of the cost of goods sold.