Any general financial metrics for an auto repair business? What's "normal"?

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August 29, 2024

by a searcher in Henderson, NV, USA

Hi - I'm an experienced small business owner. Thinking about venturing into auto repair. There are several folks about my age (68) I know that are burned out and want to retire. I can get a combo of seller finance and SBA.
What kind of numbers should I expect? in SF Bay Area so wages are sky high but matches billing.
I run a boutique lending business now that has about a 30% gross margin, 20% net. I've done one roll up in another niche. Thinking that's the play here.
Feedback? Anyone want to share a horror story? Thanks!

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Reply by a searcher
from University of Illinois at Urbana in Dallas, TX, USA
Hi Steve. Yes, there are some "normal" metrics to expect or shoot for depending on what type of auto repair. Opinions may vary, but I think you can segment the industry between Quick Lube, Complete Car Care, Speciality, and Collision. OEM dealerships are an entirely different breed. I am in the Complete Car Care space. I would be happy to discuss in further detail if you are interested. redacted
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Reply by a searcher
in San Diego, CA, USA
Hi Steve, No horror stories here...I run a specialty brand specific shop, and see a healthy margin and a great work/life balance. I'm happy to discuss further if you would like to reach out.
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