When it comes to purchasing a new piece of garage equipment for your services, some garages do not consider the return on investment the machine could bring, only taking into account the initial price to purchase the machine.
If we look at this in relation to wheel balancing, every garage owner will have their own thoughts on the subject as, depending on the size of their business, their requirement for wheel balancing equipment will be different – as will the potential revenue.
There are two key questions to ask yourself…
How long before your wheel balancer makes you money?
If you know the answer to this question, you’ll be able to work out how long it will take to reach break-even and start earning a return on your investment.
Take a look at this basic sum:
Cost of balancer / (Cost charged per balance*Average number of balances completed a week) = Number of weeks to pay off your balancer
From there it’s all profit!
If you’re starting out from scratch, projecting realistic numbers will help you determine a realistic wheel balancing price, ensuring your business is sustainable.
How long will the machine last?
Buying a cheap machine will certainly see you reach break-even more quickly but that machine will need replacing significantly earlier than a slightly more expensive one, so your return on investment will be poor.
Our Wheel Balancers – discover the perfect wheel balancing companion!
Here at Atlas Platinum, we don’t offer a broad range of machines with different levels of features, technology or balancing capabilities – we provide two expert models that will cater to your every wheel balancing need.
They’re not the cheapest but they are priced to provide the perfect balance between a realistic initial investment (so you don’t need to break the bank) and a life expectancy that will ensure you see a significant return on your investment…
Check them out now: