What Is The Average Income For Two Car Garage Repair Shop

Average Cost to Open an Auto Repair Shop

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Interested in opening an automobile repair store? If so, there are many different things to think about equally you programme out your new business venture. From writing a concern plan, thinking through marketing tactics, and projecting your auto repair shop'south financial data, you'll have many factors to remember about in the early on planning stages.

To help with planning out the financial cost of starting a new automotive repair shop, we've come up upwards with the following guide of common store equipment and their costs to aid you lot think through your finances before taking the leap.

Below is a full breakup of the projected costs. Estimates below are in US Dollars.

Small Automotive Repair Tools - $1335

Set of Screwdrivers ($50)
Hammer ($20)
Torque wrenches ($75)
Ratchet wrenches ($75)
Hex wrenches ($30)
Touch on wrench ($300)
Oil filter wrench ($20)
Oil drip pan ($20)
Bolt extractors ($20)
Pry bar ($twenty)
Cordless drill ($100)
Fuses ($20)
Electrical tape ($five)
Vice grips ($30)
Pliers ($20)
Small butane torch ($20 - Our Recommendation)
Allen and torx bits ($20)
Funnel ($10)
Bench Vise ($60)
Jack stands ($100)
Ramps ($100)
Battery charger and jumper ($200)

Medium Automotive Repair Tools - $5200

Jack ($200)
Air compressor ($200)
Workbench ($300)
Tool chest ($500)
Diagnostics and OBD machine ($4,000)

Large Automotive Repair Tools - $3500

Hydraulic lift ($iii,000)
Engine crane ($500)

Garage Supplies - $240

First Aid Kit ($xxx)
Gloves ($30)
Boots ($150)
LED Headlamp ($30)

Business and Authoritative expenses - $5700

Business license, certifications, and permits ($200)
Insurance ($5k / year)
Bookkeeping fees ($500 / yr)

Garage Space - ($0 - $15,000)

Prices for garage space will vary profoundly depending on your location. Additionally, cities and locations accept different regulations when it comes to running a business from your home garage. If you're looking to relieve coin, double-check your urban center's codes and regulations to come across if it's possible to open a home auto repair business. Otherwise, yous'll need to rent a commercial space for your garage.

Commercial garages can range in toll in the United States from anywhere from $0.50 per square ft/month in smaller towns to $5.00 per square ft/calendar month in large cities on the West Declension.

For a iii,000 square foot garage, for case, this translates to $1500 to $xv,000 per month.

As an alternative, some websites like Garagetime at present allow mechanics to rent temporary garage space and auto repair tools for less than a month.

Automotive Supplies and Spare Parts - ($0 - $5500)

Depending on your auto repair shop'south business organisation model, you may find yourself needing to buy car parts and inventory. Does your garage program on storing common repair parts or does information technology program on ordering all parts on an equally-needed footing? More than than likely, it volition be a combination of having some parts and supplies while needing to lodge others. If this is the case for your store, you'll want to set aside some upkeep for your initial inventory.

Additionally, hither are ideas of a few common store supplies that virtually repair shops have on manus:

Oil for oil changes
Washer Fluid
Air conditioning Coolant
Radiator Fluid
Transmission Fluid
Power Steering Fluid
Brake Fluid
All Purpose Cleaner
Brake Cleaner

Marketing costs - $1000

How do yous programme on getting the give-and-take out about your new business? There are numerous free and low-cost options available, such as using social media, blogging, or building partnerships with other related automotive businesses like automobile dealerships or paint and torso-but shops.

It's also been said that the best marketing is simply ensuring your repair shop space is located in a visible, high-traffic location; exist certain to take this into account when choosing where to locate your auto repair shop.

Alternatively, at that place are numerous paid options for marketing your garage. If you're interested in increasing your automotive business's online reach, yous tin expect into paid marketing options such every bit pay-per-click ad on search engines, too as Facebook or Twitter advertisements. If you're looking for physical advertisement, consider sending out coupons and mailers, as well as investing in well-designed signage on your Garage edifice.

Then how much does it price to get-go an automobile repair store?

In total, the approximate cost to open an motorcar repair garage today is $37,500.

This budget includes a full equipment list, administrative fees like shop insurance and accounting fees, marketing and inventory.