Shop Profile: Collins Collision Center
Shop Name: Collins Collision Center Location: Atlanta, Ga. Established: August 1998 President: Jeff Collins Shop Size: 17,000 square feet No. of Employees: 10 Average Repair Volume: 175 cars per month Average Repair Cost: $1,950 Cruising Right Along While shop owner Jeff Collins is only 42 years old, he says buying his PT Cruiser a couple
Never Lose Sight of the Goal
Giving away business? In today’s competitive and consolidating marketplace, how could such a thing happen?
Keep the Cash Flowing
Profitability and cash flow aren’t the same thing: You may have a backlog of profitable jobs scheduled, but no money to pay the bills. How do you overcome this? Learn to manage three things: owner’s extras, accounts receivable and accounts payable.
Associations: Time to Join or a Waste of Time?
Opinions vary regarding the repair industry’s national associations, but one thing is certain: The industry has a wide range of national associations, each with differing beliefs, views and goals. Our examination of the industry’s national groups may help you decide if one coincides with your own convictions
The Government to the Rescue? SBA’s 504 Program
Donnie Jones had always dreamed of building a state-of-the-art body shop. But he faced major obstacles. Every banker he tried to get a business loan from wanted 25 to 30 percent in cash equity, with rates and terms that would have been a major stretch for his cash flow.
Show Me the Money! How and When to Sell Your Shop
As a successful collision shop owner, you’ve probably had to pour most of your time, energy and money into your business for what may have seemed like forever. It’s not forever, but it is a long time – the typical shop owner has been in business for 15 to 20 years.
The Incredibly Shrinking Industry
Until three years ago, the prospect of some Wall Street investor teaming up with a body shop owner was incomprehensible. Today, it’s reality. Welcome to the brave, new — consolidating — world of collision repair.
Building Basics
Should you build a new facility? Before donning a hard hat and diving into construction, put on your thinking cap to determine if building new is for you.
Balanced Budget
As more white collars enter the industry, shop owners need to become better business people by learning how to better manage their money.
Investing In Your Future
The entrepreneurs coming into the industry know how to invest their money so it works for them — and so they don’t have to work so hard for it.