Are Auto Repair Shops Profitable. Founded by an expert mechanictechnician the owner built his business by specializing in all types of mechanical service from Tune Ups Suspension Repair Transmission Repair Diagnostic Repair Brakes Air Conditioning to fully Rebuilt Engines. The median annual salary for all automotive service technicians and mechanics is 39550 as of May 2017 yet many auto repair owners are more experienced and may be more likely to earn incomes at the top end of the pay scale.
The Auto Mechanics industry provides mechanical and electrical repair and maintenance work on cars trucks vans and trailers et al. Take the 500000 in revenue and subtract the 400000 in expenses and that auto repair shop has an annual profit also called net income of 100000. The median annual salary for all automotive service technicians and mechanics is 39550 as of May 2017 yet many auto repair owners are more experienced and may be more likely to earn incomes at the top end of the pay scale.
It depends on how closely you watch your bottom line and whether youre taking every step to care for your customers and your business.
Keeping costs down is a big part of how to run an auto repair shop at a healthy profit margin but customer service is where the rubber really meets the road. An oil change shop on the low-income side of town is going to make very different money from an upscale imports. You can see that Charity Auto is 103076 short of the required profit to have the retained earnings and return on investment it needs. Garcia added Kelly Clark Automotive Specialists is not experiencing staffing shortages but other auto shops in.
