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What Is Happening In Auto Repair

April 14, 2017 by Arthur B. Kessler

Owners of auto repair businesses need to do a number of things in order to get their businesses ready for sale. The books and records of the business need to be updated and kept in a form acceptable to buyers and lenders. If there is a cash component to the business, a cash record book must be maintained. While it is not absolute proof of not reported cash income if it matches what a buyer sees during due diligence it lends substantial credibility to the claim of the Owner. It is vital that mechanics working in the business are trained in repair of late model vehicles with particular emphasis on electric/hybrid vehicles. Late model vehicles have so much computerization that mechanics need to be retrained to deal with the computer aspect of late model vehicles.