Tech Tips - ProRevTech

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)

Click Here for the Full Article

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,

Click Here for the Full Article

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

Click Here for the Full Article

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.

Click Here for the Full Article

Can I afford to quit my job and open up my own auto shop? (Part 1: Personal Expenses)

Can’t you just taste it? It’s 7:00 in the morning, and you’re standing in the customer lounge, brewing the first pot of coffee for the day. Nothing is unusual about that, you’ve been doing this same thing for years. While it is brewing, you turn and head into the shop. You unlock your toolbox and

Click Here for the Full Article