Lucas and David welcome automotive industry expert Cecil Bullard to delve into the often-overlooked intricacies of running a successful auto shop.
Cecil lays out the stark realities of shop ownership, from the crucial understanding of costs such as rent, utilities, and insurance to the imperative inclusion of a sustainable 20% net profit margin. The trio then tackles the nuances of labor rates and their impact on a shop's financial health, with Cecil advocating for a fair labor cost that exceeds the current industry standard.
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