Gary Warren worked for years to build his reputation as a trustworthy mechanic in the city of Soda Springs in rural southeast Idaho. In early 2012, Gary decided to fulfill his long held desire of going into business for himself and owning his own repair shop.
With assistance from the Small Business Development Center (SBDC), Gary’s market research showed he had the network to produce viable cash flow and secure ongoing clients. Yet finding funding for his new venture proved a challenge.
Encouraged by consulting he received at the SBDC, Gary worked directly with the owner of the desired property to negotiate purchase terms.
The two parties agreed on private financing terms for the purchase of the property. In addition, Gary leveraged his own assets and sweat equity to outfit the shop with tools, lifts, and signage.
Gary opened his doors for business in the spring of 2012. After 18 months, Gary has proven that his vision and business planning were accurate by growing his book of clients and adding new employees to his business.
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