Run, Forrest, run!
CCC in my shop is $600mo for 3 computers, electric is average $1000mo. Heat is on budget at $500mo. Factor in internet for CCC and parts locating. Allstate has introduced a new rule, all customers must pay for their own rentals out of pocket first then they will reimburse them later, so get ready for customers to scream at you to please hurry up. Shop keepers Insurance is another issue that will depend on the value of and volume of customer cars in your care. Then you need an Appraisers Lic unless your State doesn't equire one.I'm old enough AAE. 49 to be precise. I do love it.... wish I didn't but I do. I know the toll it takes, lived it for the past 28-29 years. I don't have any illusions of getting rich. I just want a chance. I have come really dislike doing this for others. So many bad owners that I've worked for that take, take, take, demand more, more, more, and never give anything back. To old to change careers and I can't make it doing restorations in my area so I got to do something.
Crash, I figure about 1000 dollars a month on top of the lease amount for expenses, if I keep everything relatively basic.
CCC Comp Est Subscription
basic liability insurance (owner would have property insurance)
contract for solvent waste removal
water (not sure if it is town water or a well more than likely a well)
initial cost of a business license
What else am I missing?
I forgot the most important part! Paint it with SPI black single stage!Having been down the road of starting a small backyard restoration business here is my advice:
Buy a sixties muscle car project. Camaro, Chevelle, GTO, Fastback Mustang etc. Camaros and Fastback Mustangs have plenty of cheap repop sheet metal available and they are very popular.
Strip the car, repair the rust, do your best body and paint on it. Document every step. Post it on the relevant forums, Facebook and Instagram. Reassemble it to be a painted roller, no engine, no interior. Just a nice clean roller. Bust @ss and complete the work in three to six months.
Put it on a trailer and drag it to all the nearby car shows. Hand out business cards. There will most likely be plenty of interest.
Deliver good work for a good price in a reasonable amount of time and word will spread. Do only one car at a time. You will likely have more business than you can handle. I regularly turn down work and I’m booked through next year despite trying to quit….