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      08-13-2012, 10:29 PM   #1
roastbeef
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throwing around thoughts of opening a business... (self employment spinoff thread)

this is just me typing thoughts that keep cycling through my head since i heard about porsche opening an experience center in carson, california a while back.

i really like the idea of buying a small piece of commercial property and opening a small race shop with a few work bays and a small show room. i'd offer installation of basic products that would be sold- like intakes, exhausts, bbk's, coilovers, springs, custom alignments, seats, exterior cosmetics, etc.
i would also carry gopro accessories, helmets, gloves, shoes, suits.

i'm sure the porsche experience center would carry some things, but a shop could carry a variety of different products.
another thing i think would be great is people leaving the track all pumped up with adrenaline and excitement would be more likely to buy things on impulse.

anyone having similar thoughts, or maybe any input?

anyone want to go in on it with me?
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      08-13-2012, 10:52 PM   #2
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and how does that makes $$$

all that is small pie....rent, insurances, employees, etcs...
the only way a shop makes $$$ is because you are a bad ass tuner or race team...
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      08-14-2012, 12:46 AM   #3
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I think starting a standard "Race" shop wouldnt work in our area considering how many are already around and the online competition. Like mentioned above, you would need to have something unique to draw a crowd.

But I'm always interested in starting a business. My most recent thoughts have been based on a Hookah Bar.
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      08-14-2012, 01:04 AM   #4
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i agree with everything mentioned. maybe offer race gas or methinol refills?
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      08-14-2012, 07:39 AM   #5
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There is no money in those kind of shops anymore. At least not where I'm from. I see so many close down. That's why we opened a shop working on euros not too many good places around here that offer the services that we do
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      08-14-2012, 09:57 AM   #6
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I'm in the planning stages of opening a general auto repair shop. I would love to specialize but I think that markets to thin. Lots of money in repairs if you can get the customer base.
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      08-14-2012, 12:01 PM   #7
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I don't think that is going to make you a lot of money frankly, though I'm sure it would be something enjoyable - you have to look at the tradeoff I think.

I was thinking about the guys who do exotic car tours - they own the cars and sure, big capital outlay initially (which acts as a good barrier to entry for others), but they get to drive amazing cars every day and probably take home about $120K+ per year. Nothing stupendous, but certainly quite nice....really has me thinking. Food for thought though - think about how much they charge per tour, then multiply by the number of people on each tour, and number of days in the season. Deduct the cost of the cars (spread cost over 3-4 years figuring you replace majority of the cars over that period) and then a fair bit for maintenance and insurance and gas and you would still be left over with quite a bit to pay a few people on payroll and yourself.
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      08-14-2012, 08:05 PM   #8
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Quote:
Originally Posted by mccannable View Post
I'm in the planning stages of opening a general auto repair shop. I would love to specialize but I think that markets to thin. Lots of money in repairs if you can get the customer base.
You have to know people. We opened our shop a year ago this month and are doing great. I will say with out the network of people that we have, it would'nt have been possible. I also live in a small town with older clients. The little things count. We get to know our clients on a personal level give people rides to where they need to go and so on. Its great not working for a big corp but just be ready to not make money for awhile and put in long hard hours
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      08-14-2012, 08:25 PM   #9
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Open a convenience store in the hood. ppl always need to buy beer, cigs and blunts. 30-50% markup.
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      08-14-2012, 08:57 PM   #10
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Originally Posted by kevinbahnz View Post
Open a convenience store in the hood. ppl always need to buy beer, cigs and blunts. 30-50% markup.
...I can't seem to find the like button!!!!!
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      08-15-2012, 10:10 AM   #11
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Quote:
Originally Posted by Ehwnnc View Post
You have to know people. We opened our shop a year ago this month and are doing great. I will say with out the network of people that we have, it would'nt have been possible. I also live in a small town with older clients. The little things count. We get to know our clients on a personal level give people rides to where they need to go and so on. Its great not working for a big corp but just be ready to not make money for awhile and put in long hard hours
I have a great partner. We are both plugged into the community well. I am the big investor and my partner will be the front runner for awhile. we are taking our time and planning well. Fortantaly I will be able to keep my job for awhile as my duties will be marketing and that's about it. This way it will save tons on payroll and I can subsidize the business if needed for a while. We don't expect it to be easy but I love working hard, just not for a multi billion dollar corp.
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      08-15-2012, 03:28 PM   #12
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I know the area.

Tires and alignment are necessities near a race track
You can charge a slight premium based on proximity, but expect competition. A good alignment rack isn't cheap, but it will make money day in, day out.

Might as well sell race gas, blue tape, oil, driving gloves, etc etc. All the track consumables...

If you have space, offer storage rentals, lockers or cages where track-goers can safely lock up the crap they empty from their cars...including, for example, their road wheels & tires - which you will reinstall, for a fee.

Last edited by blender; 08-15-2012 at 03:33 PM.
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      08-16-2012, 01:22 PM   #13
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Quote:
Originally Posted by rclem05 View Post
I know the area.

Tires and alignment are necessities near a race track
You can charge a slight premium based on proximity, but expect competition. A good alignment rack isn't cheap, but it will make money day in, day out.

Might as well sell race gas, blue tape, oil, driving gloves, etc etc. All the track consumables...

If you have space, offer storage rentals, lockers or cages where track-goers can safely lock up the crap they empty from their cars...including, for example, their road wheels & tires - which you will reinstall, for a fee.
exactly.

i especially like the part in bold. people come in and get their track rims/tires put on as well as a checklist of fluids/etc. to ensure their car is "track ready."

i'd really like to do this, or be a parter in something like this. my problem is, i have more ideas than money.
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