How much does it cost to build a auto shop?

Expect your startup costs to hover around $50,000, including equipment, rental fees and insurance. These are the bare basics: Diagnostic machine, between $5,000 and $10,000. Rental fees for your space, anywhere from $1,500 to $15,000, depending on the size and location.Click to see full answer. Considering this, how much does an auto shop owner make?The median annual salary for all automotive service technicians and mechanics is $39,550 as of May 2017, yet many auto repair owners are more experienced and may be more likely to earn incomes at the top end of the pay scale. The top 10 percent earn more than $65,430, while the bottom 10 percent earn less than $22,610.Also Know, how do I start my own auto shop? How to Open an Auto Repair Shop Diagnostic Machine range from $5,000 to $10,000. Shop rental fees range from $1,500 to $15,000 a month depending on the size. A good tool set with specialty tools costs $15,000. Insurance cost of about $4,000 a year. A nice lift with installation included costs around $3,700. Likewise, how much does it cost to build a body shop? The cost to set up a corporation will likely run $2,500 or more even for a small shop. There also are annual filing fees to be paid in most states that can range from $25 to $500 or more. Run the Numbers. Three acres of land: $150,000 12,000-sq.-ft. building: $600,000 Equipment & inventory: $500,000 Total: $1,250,000 Is an auto repair shop profitable?According to Body Shop Business, profit margins on parts sales typically average between 20 and 28 percent, while labor profit margins range between 50 and 65 percent. Focus instead on reducing your labor costs by adjusting the benefits you provide, lowering wages or increasing your retail labor prices.

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