|03-22-2013 12:25 AM|
|12-09-2012 04:26 PM|
Friends are great but work out an agreed pay amount before any project. Friends can get thier feelings hurt easilly too. It is also unclear sometimes where the friend stops and an employee/partner starts. I have seen business' split up friendships. Happend with my parents and some close firends on a restraunt venture.
Rented places cause overhead which is a killer. If nothing is going on for a month then you just shelled out rent, elec, gas, and insurance with no income. That can eat a business alive.
A close friend of mine owned a local stereo shop. He ran it out of his garage for about 5 years. He then decided to make it a "real" business with a storefront and a lot bigger work area. He took on a couple partners to help out with the initial capital and to help with the day to day stuff. Within 3 years he was out of business. He lost about 30k of his own money to finish out his lease, and to pay restocking fees to vendors for product he had to return.
I am in no way saying this is impossible. I know it seems that way but just be aware of some things before you jump. It could be very rewarding and prosperous. I would love to see it. When my friend got his business really humming I was proud of him for sure.
Like I said I have considerd offereing my services for custom fab work and mechanics services via craigslist or other means. I am just too tied down by other things in my life to take chances right now. I get enough calls from local guys that I know for exhaust and fab services that i have had to turn it away.
|12-09-2012 11:56 AM|
|LawMoose||Heck, I would be willing to help out. If you ever needed any help|
|12-09-2012 10:21 AM|
|JPi4.0||You can do it! Take the first step put your head down and keep on going.|
|12-09-2012 09:43 AM|
Def good thoughts it would be in no way or shape a huge operation within the first 5 years. Most likely a rented space, a friend or two working on the weekends until we could be a high quality base of customers and then go from there.
But i dont have the time or money currently to follow through with this idea, but id love to actually pull it off!
|12-07-2012 11:52 PM|
To get it started you need capital. LOTS! I would say to just get it rolling 200-250k and that depends on lease terms for a shop, liscenceing, insurance, distribution contracts with different vendors to help lower the cost of parts... But then you need money for minimum orders and such.
Then you need lots and lots of quality tools. You can get used stuff but... Material costs to start it up. A few hundred feet of DOM tube is expensive and would get the ball rolling for example.
Then talent. Trustworthy, quality mechanic/s, welder, fabricator/s. You have to be able to swing salaries for few months til any real money comes in.
Advertising. A lot easier with the web but thats mostly for sales. If you want money for custom work then it's more local to start with.
Possibly some ideas for feasable, low cost custom parts that you can brand with your shop name.
Ideally it's best to start small in a 1 or 2 car garage. Hopefully in a mortgage situation so rent could be written off on the part of the business and the ownwer of the property. Most likley not a "real" business to start with. Maybe a couple guys with their own tools and know how.
Customer relations is really important. 1 bad deal can wreck your reputation and make it nearly impossible to recover from. Especially with the web and all of the info thats out there.
I have considered doing something like this in my town but time is an issue for me. I have 1800 sq ft of floor space, and quite a few tools to get things going. Also a small machine shop in a seperate property. Mostly i do small stuff for me. I do some side work but my day job is what pays the bills.
Maybe someday I will have more time to take on more outside projects.
I had a dj business 15 years ago now and it was taking off but really it was only ever a side venture. I eneded up selling out my equipment becuse i was not seeing any real return after a couple years.
Just some thoughts...
|11-28-2012 08:42 AM|
|cverstij||I'm a southside Indy CPA and a fellow Jeeper. I could set up the business side of things for trade. I need a regear and don't want to donate a kidney for it.|
|10-24-2012 10:03 PM|
|10-10-2012 11:01 PM|
|10-10-2012 08:12 PM|
And youll like U of I. Im still looking into this.
|10-08-2012 09:45 PM|
|Texas2070||Hell I live 20 miles from Kentucky and id go all the way to Indy to have some quality work done on my jeeps or the big projects. The mechanics around here are a joke! Kinda trying to go to the university of Indy for college anyway. (Btw isn't your jeep for sale on Craigslist? Thought I saw it there)|
|10-04-2012 06:24 PM|
|IndyJeepMan||Its still up in the air, looking at a couple small mfg'ing locations at the moment for such a shop.|
|09-23-2012 10:44 AM|
|ironjaw||Bumping this thread..........did this idea ever go anywhere? Sounds like a great idea to me. I'd be willing to volunteer some time, outside of hunting season to get this up and rollin'!|
|03-08-2012 07:57 PM|
|IndianaJones||Any idea what side of town you would do this? Westside makes sense to me. 4 wheel parts is east and there is a big concentration of Jeeps on this side of town. Clermont might be a good location. Low rent,good traffic and Raceway park is there and has tons of races and functions that attract gearheads almost every weekend during the summer. Plus I live near the area and my friends and I would have a local shop .|
|03-08-2012 01:27 PM|
I was actually going to post a question about if there were any "Jeep" shops in metro Indy I guess this thread answered that.
@IndyJeepMan I am pretty sure you were behind me on I-70 this morning for a bit, unless someone has a clone of your jeep.
|03-07-2012 11:49 PM|
|LawMoose||That would be awesome if you did! I would like someone around that I could trust not to jerk me around and that knows Jeeps actually.|
|01-31-2012 08:38 PM|
|mtu1293||Our president started a shop this past year and seems to be doing pretty good. Doing an LS1 conversion in a rubicon now, and lifting a gen III 1500 dodge. I'ld say one big plus to remember is customer communication - see that a lot lately with shops doing the run-around to customers. You already got a shop or would you be spending money on renting one now? Insurance, etc - things to look at.|
|01-28-2012 06:33 PM|
|Vega_02TJ||It all starts with an idea and an excellent website helps. The first 2 years will be the toughest. It think there's a market in Indy for a sustainable business.|
|01-28-2012 08:32 AM|
it would be a general offroad shop, but more or less catering more to Jeeps.
We could get parts for anything, and do custom installs or fabrication on.anything offroad.
I guess welding would be a big part too, in which we could weld anything someone would bring in?
|01-28-2012 07:10 AM|
|01-27-2012 02:59 PM|
Which is like 800,000 people strong.
|01-27-2012 01:55 PM|
|denisbaldwin||There's two Jeep specialty shops in my town and they both stay busy. Add to that the 4 or 5 "offroad shops" and I'm amazed how well they all seem to do. If you're quick, have good customer service and know what you're doing, it could work well especially if there is limited competition.|
|01-27-2012 01:51 PM|
Im in serious tangible ideas of starting up an offroad, mostly jeep shop here in the metro Indy area.
What are your thoughts...