10 Steps to Auto Repair Shop Business Evaluation
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1. Reputation of Shop–Google My Business, Interview Vendors that they use, Website……..Mystery Shop
2. What role is the owner currently performing in the business? What about a spouse in the business?
3. Website, Social Media, advertising
4. What do the business financials look like?
5. What type of POS do they use? Do they have one?
6. Are they using current technology? DVI’s, Cloud-based POS,
7. What does their equipment look like? Do they have an updated list? Items that are supposed to be inspected–have they been done and is it up to date? Do they have an accurate inventory?
8. Processes and Procedures…..
9. What does their cash flow look like?
10. What is the quality of their current employees?
11. Accounts Receivable vs. Accounts Payable
Coach Chris Cotton
AutoFix-Auto Shop Coaching
Visit Auto Shop Coaching website HERE.
Email Chris: firstname.lastname@example.org