Auto Repair Shop
by petervadas • January 25, 2012 • Success Stories • 0 Comments
Tony C had worked for a national company that did large volumes of copying. They asked him to move to another state. After having moved many times he decided that to raise a family he needed to stay put in one place. He made an offer on a print shop that we had for sale. That offer was not accepted. He had confidence in his ability to run a business. He was a quick learner. We had a listing on an auto repair shop a mile from his home in Mentor Oh. Another totally disorganized business. No computers. The waiting room had grease on the floors. Tony did not know a hammer from a crescent wrench. But he knew what it takes to run a business. He was computer savvy. He bought that run down business for $60,000 with $20,000 down. He put another $10,000 into cleaning the place and putting a modern waiting room in. He also computerized the operation. A good manager he knew how to hire mechanics. With additional money for advertising he turned that business into a success. He was in the black in the first month.
Six months later we sold him another auto repair shop that was already well run and profitable. Within two years he had 4 locations all making money.
Tony is what is called a serial entrepreneur.
