EPISODE · Oct 31, 2025 · 55 MIN
Ep 55 - Coaching Call #10 | Your Property is Your Most Valuable Asset
from Confessions of a Shop Owner · host Mike Allen
Tekmetric transformed my shop. Plain and simple. Want that for yours? Touch HEREASTA is coming up September 24-26 in Raleigh. Be there or be square, dog! Register now and use code confess25 for $25.00 off your registration. Sign up HEREIf you're like me and aren't good at marketing, don't do it on your own. Let the experts handle it. Touch HERE for more on Turnkey Marketing.Tired of your shop’s social media looking like every other repair shop on the internet? Stand out with 47 Consulting. Learn more HERESend your service advisor to hands down the BEST service advisor training in the industry (even other coaching companies agree). It's Elite Worldwide's Masters Program. The next one is happening in Dallas Texas, September 10-12. Learn more HERE When I used the maintenance tool for the fist time with Detect Auto, my mind was blown. My advisors had the same reaction - and then SO MUCH MORE TIME. Learn more about Detect Auto and book a free demo now!In this episode, Mike Allen and Matt Lofton evaluate property values and location choosing for automotive repair shops. Matt gives tips on assessing both leasing and purchasing options, saying it's important to look at environmental inspections to avoid costly site contamination issues. Together, Mike and Matt break down how to quickly run the numbers on a new shop – from demographic analysis and competitive research to calculating realistic revenue projections based on shop capacity.Timestamps:00:00 Choosing a Business Location is Crucial05:27 Building Investment Due Diligence07:56 Renovation Challenges and Parking Plans12:48 Commercial Property Appraisal and Inspections15:35 Soil Testing and Abatement Costs18:59 "Essential Due Diligence for Buyers"23:33 Creative Lease Negotiation Strategies24:39 Lease Agreements with Conditional Terms28:33 Impact of Gentrification on Leases32:17 Landlord Intentions and Investment Strategy35:36 Local Demographic Analysis Strategy37:39 Assessing Location Viability43:43 Competition and Location Assessment45:49 Maximizing Building Productivity Feasibility50:13 "Rent Budget and Growth Constraints"52:33 Managing Building Costs and Overheads
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Ep 55 - Coaching Call #10 | Your Property is Your Most Valuable Asset
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