shoaljumper

I've always liked fixing things and I have strong management and business skills. Everyone needs car repair and the industry is stated to grow in the future. I live in a booming area as well, so a local shop with a great reputation in a good part of town should continue to grow organically. I have a couple mechanics in the family I can ask for help too. with the numbers I'm seeing it seems like a simple formula for success, it's just trying to value the shops I'm looking at now. The one I like the most is asking near 3x SDE.

Hello All, Very glad to have found this forum. I am considering purchasing an auto shop after working 15 years in the IT field. I started out building my own brand, selling to a medium sized brand and then being gobbled up by the corporate juggernaut which was a hellish experience. I never want to work for someone else ever again. During this I always worked in senior management helping to manage staff and run these businesses. The service experience received by the clients was the key to success in that industry. I have never worked as an auto tech but have some mechanical experience. I used to restore vintage ATV's and motorcycles in my spare time and have always done my own maintenance work at my father in law's shop. The places I am looking at have 700k+ in revenue and a shop manager in place with good techs and excellent reputation. My task will be to take over and grow via online marketing, and taking care of clients. Something I am very good at. I am going to continue reading through the forums here and have already found some great articles. Any advice anyone would like to offer up would be greatly appreciated.