How can a CFO improve my repair shop’s profitability?
We focus on technician efficiency, parts margins, and labor rates. By analyzing your shop’s numbers, a CFO ensures you’re charging correctly, managing overhead, and hitting net profit targets consistently.
What financial reports should every auto repair shop review monthly?
At minimum: Profit & Loss, Balance Sheet, Cash Flow, and an Efficiency Report (hours billed vs. hours paid). These reports show whether your shop is operating at full capacity.
Should I pay my technicians hourly or flat rate?
Both can work, but flat rate with efficiency tracking often drives better performance. We build hybrid models tailored to your shop’s workflow so techs are motivated and payroll stays under control.
How can I reduce unpaid diagnostic or comeback labor?
Track it separately in your accounting system and measure it monthly. A CFO can help you set benchmarks, so these hidden costs don’t eat into your margins.
How much cash should my shop keep on hand?
Ideally, at least 2–3 months of operating expenses. This cushion protects you from slow seasons or unexpected equipment repairs. We set up cash flow systems so you’re never caught short.
Can a CFO help me prepare for expanding into a second location?
Yes — we build multi-location forecasts, evaluate your current shop’s stability, and structure financing for growth. The goal is to expand without putting your first shop at risk.