Auto Repair Archives - ProRevTech

Category: Auto Repair

Creating P&L Statements for Your Shop

P&L, or Profit and Loss statements are an essential part of running an auto repair shop. Any business with so many moving parts needs detailed account records and tracking documents to 1) determine whether the operation is actually making any money, 2) find any gaps in cash flow or discover any unnecessary expenses and 3)

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Common Cash Flow Issues for Auto Repair Shops and How to Fix Them

Auto repair shops are cash intensive and usually have a lot of moving parts (pun intended!). From regulations and licensing fees, to local and state taxes for operation, to the sometimes complicated transactions between you and your customers, the economics of running an auto repair shop can get pretty complicated and hard to follow. However,

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Essential Questions for Your Attorney Before Opening an Auto Repair Shop

Though your business model may be simple, automotive repair shops are liable for a large variety of risks and often run into complicated legal arguments. Because there are so many regulations surrounding how and where auto repair shops are allowed to operate (aside from the usual business regulations and obligations), a top priority for the

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Licensing and Certifications Needed to Open an Auto Repair Shop

There are several regulations and restrictions that auto repair shop owners should consider before opening. While the US is one of the easiest places in the world to open a new business, there are some important steps to take and local laws to research, especially for occupations and services that involve heavy and dangerous equipment.

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5 Tax Needs to Consider When Opening Your Auto Repair Shop

Opening an auto repair shop takes more than a simple passion for mechanics. It takes research and careful planning to turn that passion into a viable business. Across all industries, aspiring business owners often run into technical hurdles and red tape that have very little to do with the actual product or service. In fact

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How to determine if I start my shop from scratch or buy an existing repair shop?

So you’ve decided it’s time to stop being a technician and become the shop owner. Congratulations, and ProRevTech is here to help you on your journey. The first thing you are probably wondering about is getting customers to your new shop. And one of the easiest ways is to buy an existing shop with an

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