Time To Tell It Like It Is
Posted to Shop Management Forum on 11/16/2015
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I mentioned in a previous post on how we did extensive
research before we chose a location to open up a
transmission specialty repair shop. In less than 4 years of
opening, we were doing $1.3M/yr. out of a small 4-bay 3K sq.
ft. shop. That's what happens when you do your homework
first. One of the resources we used was the U.S. economic
census which is performed every 5 years by our federal
government. The last one was in 2012.
You can sort by state, county, city, etc. for any industry
you want. The NAICS code for the transmission industry is
811113 and general automotive is 811111. The NAICS code that
gets them all is 81111. You can go to http://www.census.gov/econ/census/index.html and
click on the "Finding Data" tab to create your own query for
your particular location. The queries aren't standard SQL
structured, but what do you expect from the government? :-)
A breakdown of all the various NAICS automotive-related
codes can be found at http://autop.ro/9DJ [autop.ro] where I uploaded a
screenshot.
Here's a telling spreadsheet I created out of several
queries I created on the U.S. Economic Census website: https://goo.gl/X3HbXe
[goo.gl]
The bottom line is that the average automotive business in
the U.S. does abut $500K/yr. and averages 4 employees per
shop. The average employee gets about $35K/yr. Remember
these are national averages. You can drill down to your
state, county, or city by going to the U.S. economic census
online for yourself.
Larry Bloodworth Technical Information Specialist/Technician Tanner Transmissions Draper, Utah, USA
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