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| Shop Owner Advice Discuss various issues relating to running an auto shop with other shop owners/employees. |
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#1
01-25-2007, 05:54 PM
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Partnership Advice
I am a Master Technician of 12yrs for a high end line (dealership). I do not know anything about running a business. An acquantence of mine opened a specialty shop a year ago and has asked me to join in. He has offered a high flat rate and a percentage of total sales. His diagnostic abilities are not the best and I would be diagnosing and instructing most of the time. Due to the lack of finding excell help he is down to himself and swamped with work. My ? is what to ask for?? A salary, a percentage of the store, a parnership, total anual sales, overhead, etc..? What info should I abtain ahead of time so I dont get screwd???
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#2
01-27-2007, 08:03 AM
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Re: Partnership Advice
I would try to come in at least being a partial owner. You may want to talk with him about buying in to become a 50% partner. It would be in your best interest and help him get out of his bind.
__________________
Check out mechanicsnearyou.com to rate your mechanic and read reviews on your mechanic
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#3
01-28-2007, 05:36 AM
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Re: Partnership Advice
Consult a LAWYER! prior to entering into a partnership.
There is a lot that can go right, but a lot more could go wrong.
__________________
Why do you never have enough time or money to do the job right the first time, but enough time and money to do it again? Got all the certifications 25 years ASE Certified Master Technician GM WCT Yea..I work at a DEALERSHIP....got a problem with that? Want to diagnose cars like the Pros? FOR SALE: OTC Perception 2 channel Labscope (badged as a Matco Reality) This is my personal labscope that I use to diagnose waveforms, like new, comes with leads and training video PM Me for details
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#4
01-28-2007, 02:47 PM
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Re: Partnership Advice
Agreed. You will need a lawyer. You need someone to go over all of his books (financials) and give you advice, etc.
__________________
Check out mechanicsnearyou.com to rate your mechanic and read reviews on your mechanic
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