How to Start an Auto Mechanics Shop
Many mechanics are content with simply working as an employee for an auto shop. Some self-motivated individuals would rather work on their own. Although there is risk to opening your own repair shop, the rewards can be even greater.
- Fund your business buy securing a line of credit. You can get funding by visiting the bank and applying for a small business loan. Also, research the possibility of getting a federal grants. There is often government money available for certain businesses to open.
- Incorporate your business. You can do this very inexpensively by going to a legal website such as LegalZoom. When you file your incorporation paperwork, you can also find out what types of state regulations you will need to follow when you open your shop.
- Buy all of the necessary tools for your repair shop to function. Often, you can buy tools from retired mechanics or auto auctions. Do some research to avoid paying full price. You can buy newer tools as your company becomes financially strong.
- Find a location to open. You may find it advantageous to start out of your home and starting out as a mobile repair business. If you envision a larger shop complete with an auto lift, you will need to rent a location.
- Once you are ready to open, advertise your business. Take out advertisements in television, radio and print media. You can also take advantage of free advertising opportunities online by using social media sites Facebook and Twitter.