I'd go the other way, see if one of the existing extremely well known, well run shops would be interested in some additional expansion capital and are open to you taking an equity stake in their business.
Sounds like a retirement hobby business, so I'd be looking at getting in with the best not trying to build up from scratch.
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68 Camaro 632 BBC 800+ HP Project (600Kw)
61 Buick Lesabre Bubbletop (daily driver)......miles of smiles
I'd go the other way, see if one of the existing extremely well known, well run shops would be interested in some additional expansion capital and are open to you taking an equity stake in their business.
Sounds like a retirement hobby business, so I'd be looking at getting in with the best not trying to build up from scratch.
i agree, OP would have been a great combo with Frank @ Prodigy. Good workers, killer cars, innovative ideas but weak business model.
It's not as glamorous as you might think and if you have no "shop" knowledge it will be really easy for you to get burnt by either employees or customers. Ask yourself these questions.... How do I explain to my customer why this seemingly simple task took 22 hours? What do I say to my employee who took 22 hours to accomplish this that it should have only took 8 when he was busting his ass to get it done?
Building cars for customers with employees involved is a whole lot different then building them for yourself.
Having a facility and the capital to make this happen are just small elements of actually turning out a quality product.
I wish you the best of luck. Make sure you do a lot more research before you jump into the industry.
-troy
Great points Troy, you let the work speak for itself.
"I'd go the other way, see if one of the existing extremely well known, well run shops would be interested in some additional expansion capital and are open to you taking an equity stake in their business.
Sounds like a retirement hobby business, so I'd be looking at getting in with the best not trying to build up from scratch."
Love the sounds of this idea also - still boils down to, "where to start?" - I am as much an "investor" as anything else - like to be involved on some level though
I would assume after 25 years of business you would have it figured out. You said, "Where do I start?" As if, in the very beginning like you have no clue on how to run a business. We were just trying to tell you to be a bit apprehensive and careful if you had no idea of running a business. Now, thatyou've told use all of that info, you should know where to start. I understand you may need contacts, etc. I'm just saying. Good luck.
"I'd go the other way, see if one of the existing extremely well known, well run shops would be interested in some additional expansion capital and are open to you taking an equity stake in their business.
Sounds like a retirement hobby business, so I'd be looking at getting in with the best not trying to build up from scratch."
Love the sounds of this idea also - still boils down to, "where to start?" - I am as much an "investor" as anything else - like to be involved on some level though
You are about an hour away from B&B Classics in Ortonville, MI. If you are serious about investing in a company they would be a good one to talk with because of location. I can't speak for them, but maybe they would have interest. Contact Bill and Billy Utley http://www.bbclassicsinc.com/
You are about an hour away from B&B Classics in Ortonville, MI. If you are serious about investing in a company they would be a good one to talk with because of location. I can't speak for them, but maybe they would have interest. Contact Bill and Billy Utley http://www.bbclassicsinc.com/
Excellent idea, those Bill's have their stuff together.
Brian Hobaugh SCCA National Tour June 2014
First Hemi 'Cuda Convertible Ever Built
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