After 10 years of friendship, formed and fortified while Dave Lambert worked on Bill Gately’s car over time, the two men decided to embark on a business venture together. One day Dave, with more than 36 years’ experience in the automotive repair industry, mentioned to Bill that he was thinking about buying an auto repair shop that was for sale. Bill didn’t have to think too long before he was hooked.
The partners were looking to work for themselves, and use their unique talents to the fullest. The existing business was well-known with a solid reputation, and they chose a location that brings in heavy traffic. Dave, who completed a vocational program in high school and earned his associate degree at New England Institute of Technology in Warwick, handles the vehicle servicing. Bill, a “serial entrepreneur,” who also did automotive work years ago and now owns a home improvement business, manages the shop’s day to day operations. Their dynamic partnership is successful because of the specialized roles and knowledge each brings to the business.
Bill and Dave came to the RISBDC in August of 2016, looking for guidance in several areas of taking over an existing business. They worked closely with business counselor Amit Basnet on creating a business plan, making financial projections, and securing a loan. “Amit was very knowledgeable and extremely helpful,” Bill said. With Amit’s guidance, the partners closed their loan in September 2017 and had a soft opening on October 23. A grand opening and ribbon cutting are planned for Spring 2018.
A year in the making, Bill and Dave have finally opened up their own shop and are busier than ever. Dave’s respected and distinguished work has continued to bring in loyal customers — including tripling their 1st month sales projections, a feat almost unheard for new businesses. The partners pride themselves on honest, quality work and growing Henri’s Auto Repair through that reputation combined with a solid business start.
Henri’s Auto Repair, LLC
1068 Park Avenue
Woonsocket RI 02895
(401) 762 – 2325
