Every working adult out there has always wanted to have their own car that you can take on long road trips with friends or family members. Since the car is known for being the “pride” of the family, it’s been one of the most important inventions in the past century.
But just like any other tool and machinery that we use in our daily lives, cars do have a lifespan. Although your car won’t kick the bucket anytime soon, the general rule of thumb is that the older it is, the more likely it’s going to have some technical issues with some of its parts. Of course, repairing machinery and equipment is a tried and tested way of lengthening the lifespan of youth car.
But is an auto repair business lucrative? Well, most would say that it’s one of the most profitable small-to-medium-sized businesses out there, due in part that there are approximately around 273.6 million registered vehicles in the United States alone. Whether it’s buses, trucks, motorcycles, SUVs, and your typical sedan, there’s no shortage of cars in the country that will need repairs and constant maintenance.
Building Traction and Factors to Consider
If you’re just starting out your auto repair shop, there’s no hurt in starting out slow and building up your business’s traction. Most auto repair businesses will start out with a limited set of services that they can offer. Oftentimes, this is because most equipment for repair will have a hefty price tag. Other than most equipment being relatively expensive, most qualified mechanics that have years of experience in the industry will also have high rates.
It’s also important to note that no matter what industry you’re in, you will need to gain traction by steadily branching out and growing your business. A large part of an auto-repair business’s growth is able to offer even more options in repairs, especially for a variety of different brands. That said, you’ll need to invest in even better equipment, more skilled employees, and facilities.
Let’s face it: every auto-repair business wants to have all the intricate and state-of-the-art tools and facilities to become “fully” functional for all types of vehicles, no matter what brand it is. But even a fully functional auto repair business has to start somewhere.
Still, it’s important to optimize your business by knowing what the best service that has the highest demand is. So what are some of the best services out there right now? Here’s what you’ll need to know.
First and foremost, changing a car’s oil has to be one of the most important services in lengthening your car’s lifespan. Compared to other services, this isn’t necessarily the most expensive service out there, but the frequency of getting a car’s oil changed will compensate for the fairly cost-effective service.
Most auto repair business owners would say that shops will usually perform around 214 oil change services throughout a year, with each service being around $52.50. This means that you could earn around $45,800 alone with this service.
Not only is this a service that most people will want to utilize every few thousand miles, but this can also increase the likelihood of repeat long-term customers.
Specialized Parts Replacements and Maintenance
It’s important to note that certain brands of cars, such as Subaru and Honda, will need specialized repairs, especially if the problem is related to the engine and the transmission. In certain situations, engine gaskets are prone to leakage when it’s almost at the end of its lifespan. Primary engine gaskets are integral in protecting the car’s combustion chamber while sealing in the oil and the coolants. Fortunately, there are services that provide professional cylinder head gasket replacement that will help keep your car in pristine condition.
Having expert help from specialized mechanics with years of experience can help ensure that you won’t have any problem with your car.
It’s no surprise that most parts of the car are especially resistant to wearing down, even after it’s been used for years. But a car’s brakes is known for being one of the most critical parts, especially when this will determine the safety of the driver.
In most cases, a full-spectrum repair facility will be able to offer adjustments to the brakes, repairs, and replacements, if necessary. Most parts that are related to brakes and repairs are standard industry items, and it’s fairly simple to determine the labor fees. Not to mention, this type of service will always be in high demand, which can lead to a steady engagement from clients.
While most business owners want to start investing in intricate and high-quality equipment, you can always start by slowly branching out to other services while starting out with ones that are relatively cost-effective and in high demand.