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Oil Change Stores

tirengolf

By tirengolf
in General Automotive Discussion

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tirengolf

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We have been looking in southern Florida at putting in some free-standing oil change facilities. I have had an automotive tire shop since 1961, I started with them in 1974. I became the owner 20 years later. I have watched and have a great plan to build  3 to 5 quickly. If anyone has any input, please let me know. Thanks, David

Twilight Apprentice

Twilight

Posted
Posted
On 10/4/2023 at 2:24 PM, Hands On said:

Does Florida commercial insurance suffer from the same issues as home owners?

YES. The landlord came to me for contacts, his insurance is more than doubling. My stepmom is a bookkeeper. one of her clients up 600% and my wife is in commercial insurance. best she could get a client is half of it if it's a total loss. lucky for him his properties are spread around but still uneasy he could lose more than they'll pay. and he was willing to pay more premium they just won't cover anymore. 

Hands On Community Regular

Hands On

Posted
Posted
41 minutes ago, Twilight said:

YES. The landlord came to me for contacts, his insurance is more than doubling. My stepmom is a bookkeeper. one of her clients up 600% and my wife is in commercial insurance. best she could get a client is half of it if it's a total loss. lucky for him his properties are spread around but still uneasy he could lose more than they'll pay. and he was willing to pay more premium they just won't cover anymore. 

I would think this should be factored into anything anyone plans to open in Florida. It is going to be tough for small businesses all around, the rent for me is manageable with my profit margins, but how much profit can that toy store, bagel shop, oil change only shop generate...

bantar Community Regular

bantar

Posted
Posted
On 9/27/2023 at 9:20 PM, tirengolf said:

We have been looking in southern Florida at putting in some free-standing oil change facilities. I have had an automotive tire shop since 1961, I started with them in 1974. I became the owner 20 years later. I have watched and have a great plan to build  3 to 5 quickly. If anyone has any input, please let me know. Thanks, David

Hi David,

Just saw this today.  Feel free to reach out to me.  I operate a QL in addition to my repair shop.    Email:  [email protected] and phone: 972-836-3481.

--brian

bantar Community Regular

bantar

Posted
Posted
On 10/11/2023 at 1:55 PM, Hands On said:

I would think this should be factored into anything anyone plans to open in Florida. It is going to be tough for small businesses all around, the rent for me is manageable with my profit margins, but how much profit can that toy store, bagel shop, oil change only shop generate...

Oil changes using repair technicians is a losing battle.  Oil changes using highly trained GS techs is profitable.   It's all about overhead.    My QL is very profitable and we run it straight.  No gimmicks.  No unneeded sales.  Of course, I could be making more if I wasn't honest.  

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