E46 BMW Social Directory E46 FAQ 3-Series Discussion Forums BMW Photo Gallery BMW 3-Series Technical Information E46 Fanatics - The Ultimate BMW Resource BMW Vendors General E46 Forum The Tire Rack's Tire Wheel Forum Forced Induction Forum The Off-Topic The E46 BMW Showroom For Sale, For Trade or Wanting to Buy

Welcome to the E46Fanatics forums. E46Fanatics is the premiere website for BMW 3 series owners around the world with interactive forums, a geographical enthusiast directory, photo galleries, and technical information for BMW enthusiasts.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact contact us.

Go Back   E46Fanatics > Everything Else > The Off-Topic > Money Matters

Money Matters
Financial, Stock, Investment etc. posts here.

Thread Tools Search this Thread Rate Thread Display Modes
Old 08-30-2013, 09:10 AM   #1
Registered User
Join Date: Jul 2003
Location: MARYLAND
Posts: 96
My Ride: 2002 330ci
advice on opening up a bmw independent shop

been working on bmw now for about 12 yrs dealership level. Its hard to go to work and watch people get shaken down hard for money, and in only see a pinch of it. my area is lacking bmw skilled shops and im dreaming of opening a small gig myself or with a partner to chase my dream

Not sure where to start or who to speak with on advice or recommendations as im just a worker bee type, and business stuff is out of my thought process.

Definitly would lke to hear opinions and advice. I have a fair ammount saved up for equiptment and stuff but it be great to hear from some small business people or experienced business minds.

Sorry if this sounds vauge, but i need to get this ball rolling somewhere
pbotz2000 is offline   Reply With Quote
Old 08-31-2013, 03:45 PM   #2
Account closed per your request
Join Date: Oct 2005
Posts: 453
sometimes i take my car to a guy that opened up an indy shop in an office park with a lot of industrial buildings. He does all cars but he is good and gets a lot of business. good luck.
Guest100615 is offline   Reply With Quote
Old 09-01-2013, 06:12 PM   #3
Join Date: Nov 2007
Location: Baltimore
Posts: 4,759
My Ride: is slowww
Send a message via AIM to Adam@Euro-Spec
Where in maryland? there are a few decent indy shops? Plus maybe I can have you do some work for me in the future.

Strictly from a business standpoint, however much cash you think you will need for start up double or triple it. that's probably closer to what you'll need.

Insurance, taxes, gas and electric and rent are expensive. I pay thousands and thousands and a month for those things at my stores(non bmw/car related)
Adam@Euro-Spec is offline   Reply With Quote
Old 09-03-2013, 03:11 PM   #4
Registered User
Join Date: May 2005
Location: Tampa, FL
Posts: 336
My Ride: 2010 Wrangler 4 Door
Put together a business plan (I know this can sound like a daunting task).

Things I would focus on are:

Costs to open the door (location, build out cost, equipment cost, insurance, etc.)
Costs to maintain (as Adam said - insurance, taxes, gas and electric, and payroll if you will have additional staff)
How you will generate money (what type of services, how much for services, how many people you need to break even)
JTLaz is offline   Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Censor is ON

All times are GMT -5. The time now is 02:36 PM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
(c) 1999 - 2016 performanceIX Inc - privacy policy - terms of use