The Company Is Always For Sale: Hard Truths About Owning a Shop with Mike Allen - Ep 3

About this episode

Want to know what your auto repair shop is worth, whether you’re charging enough for labor, or where profits may be leaking? Kaizen CPAs + Advisors offers five free, easy-to-use tools for shop owners—just enter your numbers and get practical answers at kaizencpas.com . In this episode, Eric and Mike Allen discuss the realities of building, buying, and selling an automotive repair business. They cover succession planning, family ownership, private equity, buying out employees, and the financial mistakes that can create major problems. The conversation also dives into revenue vs. profit vs. cash, IRS issues, EINs, bookkeeping, entity structure, shop software, and tax planning. The big…