Maybe you’ve dreamt of owning your own auto repair shop ever since you took that first shop class in High School, or maybe it is a new dream you are just realizing. Either way, there are many things to check off your to-do list before the day of your grand opening.
Startup Costs
Money can be a big downer when you’re realizing your life’s ambition; but understanding what it will cost to get things up and running will be crucial to the success of your business. Nothing is worse than starting on the path to independent business, only to run out of funds before you’ve even opened your doors. Of course, not all costs can be predicted, but plan on paying around $50,000 for rent, insurance, and equipment. Obviously buying or building your own shop will increase the price even more.
Certification and Licensing
While ASE certification is not always required to work on vehicles, it can give you a notable advantage when you are looking to obtain liability insurance, as well as applying for financing to get your business started. ASE certification requires a minimum of two years of combined work experience and education.
You will also need to have a business license, and figure out taxes and payroll. Many people find it beneficial to seek the advice of a legal professional before committing to opening their own business.
Specializations and Products
There are many categories of specialization under the ASE certification. Depending on who you employ in your shop you may have specializations in collision repair, truck equipment, school busses, and more.
You will also need to find a supplier for your products. Knowing where you will purchase your wholesale auto parts in Chicago ahead of time will help you develop a relationship with your supplier, as well as finding the best prices for auto supplies.
Building your own business from the ground up is one of the most rewarding experiences this country has to offer.
If you are looking for wholesale auto parts in Chicago, Contact Aero Auto Parts at http://www.aeroautoparts.com.
