Automechanika Chicago presents Motor Age Training Live
Financial Management for the Auto Repair Business
Presented by Vin Waterhouse, Sponsored by Mitchell 1
Friday, April 24, 2015: 2:00pm - 5:15pm
Saturday, April 25, 2015: 2:00pm - 5:15pm
Seminar Content: Management, Auto Repair
Did you know?
- Top 25% Shop Owners have 4 years less experience but make 12 times the money as avg. owners?
- Top 25% Shops Annual sales were $26,742 LESS than the average of all reporting shops.
- Top 25% Operate with 1.1 less employees and sell $1,025 more labor per month per technician?
- Gross Profit on Labor is 4.65% higher than the average of all shops?
- Top 25% Sell $18.90 more sales per repair order than average shops?
- Top 25% Have over 9% lower operating expenses than average shops?
- Top 25% Produce $14,646 More Gross Profit per employee than the average of all reporting shops?
- The Top 25% Mo. Net Profit is $9,098 with $2,229 LOWER monthly sales than average shops?
Customers will continue to shop parts prices and service on the internet. Internet pricing will not go away so deal with it NOW! If you install engines or transmissions you need to earn your normal gross profit per billed hour. We will show you how to do it. Office Efficiency: Your business will be as profitable as your front office is efficient. Do your technicians work on vehicles 90% of the time when you have the work and do you get paid for it? Do you lose time because you can’t contact your customer even though you have their cell #? Have you educated your customers to make themselves available to you at a moments notice after they leave their vehicle with you? Do you have a “work flow system? Factory Efficiency™ Quick and efficient turn around provides high customer satisfaction. A 5% increase in Factory Efficiency will more than double an average shop’s net profit without raising your prices. Learn how to do it. Bottom line...Earn more money while working smarter...not harder.
Thank you to our Session Sponsor, Mitchell 1
Mitchell 1 began in 1918 with the simple idea that people needed information to fix cars. For over 90 years, Mitchell 1 has been a leader in providing information solutions that simplify everyday tasks for automotive professionals — helping make their jobs easier. Over the years, Mitchell 1’s products have evolved to keep pace with industry and technological advances. With a comprehensive suite of solutions for automotive professionals, Mitchell 1 has you covered, whether you want to acquire new customers, find repair procedures quickly, or efficiently manage operational activities and shop performance over time.
Speaker Bio - Vin Waterhouse
Vincent B. Waterhouse (Vin) is the president and founder of The Waterhouse Group, (TWG), an automotive Accounting, Training and Consulting company. He has over thirty years experience in the automotive aftermarket and has written several manuals on asset management. His specialty is working with auto repair shop owners, part store owners and out side sales people. He has written magazine articles and authored private label courses for NAPA and others in the aftermarket. Vin has conducted hundreds of profit management seminars and workshops for auto repair shop owners, auto part store owners and parts distribution management teams across the United States including Alaska, Hawaii, Canada and Guam.