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Originally posted by erebunicrx+May 6 2005, 07:01 AM-->Brian what would you think about a place that did not have a garage right at the store but had one down the street like 5 min away? would you think that was legit or kinda shady?
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very shady- and even more so, your insurance policy is going to double because you'll be driving the cars, as well as just storing/working on them.
and then you got cars that don't run coming in... you're going to need towing... in the end, i only see it costing more.
Oscar Mayer@May 6 2005, 07:47 AM
Performance shops don't last around here, ask Scott from the old TDM. He just couldn't compete with pricing from other big companies, and the labor just wasn't cutting it anymore.
To stay competitive you have to beat other's prices, its hard to do unless you have a large buy in from the distributors.
When I worked at Manchester Honda, we had initial buyins from Neuspeed and that alone was 20k. This wasn't even the best price deal for a retailer either. We weren't competitive with pricing because of this,and I believe they don't deal with Neuspeed anylonger.
You are going to need a lot of up-front capitol to get this thing going, not only for inventory, but for Insurance, Rent, Lifts, dyno's, salaries, tools, construction of the showroom (hint), POS systems, inventory systems, telephone, internet, it all adds up. You're going to need to do a Business Plan, and it needs to be top notch if you wnat a loan from the bank...