Profit Centers for Collision Repair Shops
Here’s a quick look at some add-on businesses that could increase your overall revenues.
Performing Custom Modification
Performing high-quality custom modification can be extremely rewarding, not to mention provide higher net profits than your average collision job.
Custom-Made Revenue?
The growing demand for custom and restoration work has made it worth looking at by collision repair shops hungry for more profits.
Work Off Your Own Estimate
I remember 20 years ago when a wreck would be driven in or towed in and we would let the insurance company write the estimate, putting “repair as per insurance estimate” on the work order. Then, we would order the parts and fix the car. There might even have been an occasional phone call made
Used Airbags Should Be Deflated
OEMs don’t recommend using recycled or used airbags. And you assume all liability. With those things in mind, I can’t in good conscience use them myself.
Reader’s Choice – Used Parts: Structurally Proper Repair?
“Is putting on a used part (e.g. quarter panel) considered a structurally proper repair when only the outer skin needs to be replaced?”
— Gary Atherton, general manager, Devoe Collision Center, Naples, Fla.
How Far Should You Go to Keep Your DRP?
Even mega shops are starting to feel the pain from being on DRPs. As they say, give away the farm and eventually you may not have one left.
DOIs: The Fox Guarding the Henhouse?
For the most part, collision repairers believe state departments of insurance turn a deaf ear to their concerns. Here’s an in-depth look at the role they play in regulating the insurance industry.
Damage Analysis for Dollars
Body shops consistently overlook ‘damage analysis’ as a profit center, but this service is definitely not free and should be charged for.
Charge for Paint and Materials
Our suppliers don’t hesitate to raise prices or add “fuel surcharges” to compensate for increasing expenses. It’s time we shop owners do the same. Insurance companies pay $22 to $25 per hour for paint and materials in our area, and these rates have been basically the same for the past seven years. We all know
