The Perfect Second Location [RR 785]

Sometimes the best opportunities happen when you’re not even looking for it. Greg Buckley wasn’t searching for a second location, but a gold mine fell on his lap for the taking. The business he purchased was run as a hobby without any records. Find out how and why Greg took on this second location, 85 miles away from his 1st location. Greg Buckley, owner of https://www.buckleysautocare.com/ (Buckley’s Auto Care) in Wilmington, and Millsboro DE.  Greg’s previous episodes https://remarkableresults.biz/?s=%22greg+Buckley%22 (HERE). Key Talking Points The second location has 2000 square foot apartment above the shop- 85 miles from the original location Booming growth in Delaware “It’s not where the puck is, it’s where the puck is going to be” Homework- worked for a week with the owners, asked for P & L sheets, taxes etc 3 part deal- 450K for real estate property, 113K for equipment, 227K for goodwill. Hold mortgage for 7 years. Went to the settlement with 40K  No records- customers, parts, work orders are estimates only then disappeared with no final invoice Paying employees- the pressure is on the owner to provide opportunities for them to succeed  LSD (lower slower Delaware)- adjusting to the different timelines with parts availability and customers have a slower timeframe to get their vehicles back Challenges- seeing cars with cheap part repairs, introducing DVI’s to customers ARO- close to 1K   Run your business as a business, not a hobby  Connect with the Podcast: https://aftermarketradionetwork.com/ (Aftermarket Radio Network) http://youtube.com/carmcapriotto (Subscribe on YouTube) https://remarkableresults.biz/episodes (Visit us on the Web) https://www.facebook.com/RemarkableResultsPodcast (Follow on Facebook) https://remarkableresults.biz/insider/ (Become an Insider) https://www.buymeacoffee.com/carm (Buy me a coffee) https://remarkableresults.biz/books/ (Important Books) Check out today's partner: Learn mo