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  #21  
Old December 22nd, 2007, 09:32 AM
Monkeyboy

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Hi Kids ...

First of all, happy Christmas.

Second ... you might want to carefuly consider how you publicly characterize your Business. Our pals at the IRS have a hayday / heyday (?) when they audit folks with businesses that consistently fail to earn a profit.

... back to your regularly scheduled programming ...

HoHoHo,

KAA - the above does not represent tax advice - see Circluar 230. Just another present from our friends in DC.
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  #22  
Old December 25th, 2007, 02:06 AM
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Quote:
Originally Posted by ECR



Its all oh so glamours making the big bucks!!!

Yes---------Yes it is

I'll keep you in mind when my new yacht needs some work.

Merry X-mas all.

JP
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  #23  
Old June 11th, 2011, 02:16 PM
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Just a follow up, anyone seen these?

http://himalaya4x4.com



Looks like an attempt at what I was referring to when this post started... I saw this advertized in the Dupont Registry classifieds too. ($129k) Any predictions on how these will do?
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  #24  
Old June 11th, 2011, 02:29 PM
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That red 130 ( or one extremely similar ) was sold on eBay for 40ish

Going back to the original post, when I did Shrek ( mind you was not ECR quality , close, but not as thorough ) I have spent an easy 500 hours, if I did assign value to those hours I do believe ECR prices are actually cheap

Now Mike, do not quote me on this, just my perception
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  #25  
Old June 11th, 2011, 02:54 PM
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Quote:
Originally Posted by ORover View Post
Personally, I think NAS 110's are going to become the classic Ferraris for the next generation.
If they have a chase car picking the pieces up off the road as they fall off...
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  #26  
Old June 11th, 2011, 05:11 PM
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Quote:
Originally Posted by ECR View Post
Lets talk about what some of you folks do for a living and pick it apart and figure out why what you do for a living actually costs customers money and why you actually bill someone and want to make a profit so that you can pay your mortgage and feed the kids.

I want a 1967 Shelby GT500. I can't afford it. I don't complain. I want a 2008 GT500 too, can't swing that either. So I have a regular 2006 GT that I put a blower on and stuff and now I can keep up with a GT500... good enough for me considering I can't swing the real thing.

Price having a Hemi Cuda restored recently? or an old Corvette? or an old wooden sail boat brought back to new?? or how about restoring an old house by paying someone else to do it??

Seriously, start with an NAS 110 that we have to buy in junk condition for 25-35K. Then tear it apart and replace just about everything and pay mechanics by the hour to do that, pay your insurance, workmen's comp, taxes, etc etc and you get to break even and nothing more.

If you do it yourself and do not bill out your hours, don't have to pay taxes or insurances and all of course it would seem like the trucks are costly. Think business class here folks, not just truck plus a frame and a couple body parts. Those who have done it know the cost of all the small parts, paint, details, etc etc. then add in all the business related costs to that.

I run ECR because it afford me a lifestyle that I like. My own boss, get to play with cool trucks and have fun all day instead of sit behind a desk. It is not a money maker. I do it because I rather do this than something that I would not enjoy that would pay more.

I used to run large private motor yachts. I made huge money. I gave it up because the lifestyle sucked (always on call, always at sea for holidays, no home, no dog, etc.)

If the business model was so staggering in profits then everyone would do it. Only a few hard cores do it and it usually because those guys are looking for a lifestyle not a bottom line.

If it was about making actual money and not breaking even I'd be back on boats.

So what do you do for a living? and I'm not talking to those who just collect a paycheck from someone else, you have no idea. I'm talking to those who run their own business. If you don't or have never run your own business you can not speak to what things truly cost.

There are many ways to make money in this world... restoring cars is not one of them.

Guys like Chip Foose make money, but not on the cars. They make the $$ on endorsements. Jesse James didn't get rich on making bikes, He got rich off endorsements, TV and such.

I get to take my first vacation over Xmas. The last vacation I got to take was when I had back surgery. The one before that was in 1996 when a client took the staff on vacation and his dime.

So yup, all the shop you deal with are rolling in money... gimme a break.
Well said mike!
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  #27  
Old June 11th, 2011, 08:58 PM
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Quote:
Originally Posted by o2batsea View Post
If they have a chase car picking the pieces up off the road as they fall off...
and I still would love to own a NAS 110!!
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  #28  
Old June 12th, 2011, 08:50 AM
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I'm another small business owner. It never ceases to amaze me as to how people are so oblivious to the costs of running a business. I wish all I had to charge for was my time and materials.
The other point already mentioned is the cost difference between doing things right and just doing them is phenominal. That's just something you have to accept if you have pride in what you do.
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  #29  
Old June 12th, 2011, 09:20 AM
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Quote:
Originally Posted by o2batsea View Post
If they have a chase car picking the pieces up off the road as they fall off...
Safety first!
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[appropriated from Ren Ching] Most faults can usually be traced to the badge on the grill.
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This is straight out of the Manual for Build Builders.
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  #30  
Old June 12th, 2011, 04:39 PM
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Forget about what it costs to run a business for a minute. Let's say there were 25-50 D110's or ECR BR's sitting on a showroom floor somewhere in the country. Use Copley as a for instance... Price tag was $150-$200k each. Would they sell?
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  #31  
Old June 13th, 2011, 03:13 AM
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Quote:
Originally Posted by Dilks View Post
Forget about what it costs to run a business for a minute. Let's say there were 25-50 D110's or ECR BR's sitting on a showroom floor somewhere in the country. Use Copley as a for instance... Price tag was $150-$200k each. Would they sell?
More to the point would you buy one? Its a different market from the true enthusiast market. The work and logistics that goes into making the vehicles is colossal. They are worth every penny.
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  #32  
Old June 13th, 2011, 09:41 AM
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Tony Sims
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Originally Posted by globallandrovers View Post
More to the point would you buy one?
No, because for me half the fun of any vehicle is in the building, and I'm a World Class Cheap Bastard.
But I don't for a minute begrudge those who can and do. A rising tide raises all boats.
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[appropriated from Ren Ching] Most faults can usually be traced to the badge on the grill.
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This is straight out of the Manual for Build Builders.
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  #33  
Old June 13th, 2011, 10:06 AM
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Quote:
Originally Posted by Dilks View Post
Forget about what it costs to run a business for a minute. Let's say there were 25-50 D110's or ECR BR's sitting on a showroom floor somewhere in the country. Use Copley as a for instance... Price tag was $150-$200k each. Would they sell?
Sure, as long as there are 25-50 people who want them and have $150-$200k to spend.

Quote:
A rising tide raises all boats.
Unless the hull is rusted out
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  #34  
Old June 13th, 2011, 10:14 AM
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Quote:
Originally Posted by kevkon View Post
Unless the hull is rusted out
A rising tide rusts all Rovers? Either way, there's value leveling going on!
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[appropriated from Ren Ching] Most faults can usually be traced to the badge on the grill.
Quote:
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This is straight out of the Manual for Build Builders.
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  #35  
Old June 13th, 2011, 02:25 PM
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I build custom boats, $150K-$400K and up, they are sold before I start on them. NOBODY is going to be buying them (the boats or custom Rovers @$100K plus) after they are built. They are unique, custom and each owner feels it is "theirs" and has fun with the process and justifies the costs.

The building of these boats has afforded me a great lifestyle, good pay and a shop/tools etc that are paid for. I can not complain. Have I "gotten rich" - NO. Done well YES.

That all said I am currently looking for full time work as I am a bit burned out working for myself for the last 13 years. Being away in New Zealand this winter made me realize I am FAR happier in many ways working my ass off twice as hard for someone else.

Now if Mike just needed another employee.......

Cheers,
Doug
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  #36  
Old June 13th, 2011, 05:30 PM
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The bulk of my work is custom and requires a lot of interaction with the client. That being said, there are probably as many or more customers that either don't want to spend the time or effort in such a collaberation. Those are the ones that will only buy from a very nice showroom. No fuss, no muss.
Whatever floats your boat (npi).
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  #37  
Old June 13th, 2011, 10:41 PM
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Yes I'd personally pay $150-$200k for a nicely restored Defender 110 all day long.... And I'd pay original sticker or more for a restored 1995 RRC. I think there's a market. Would just love to see more of them out there in showrooms like Copley...
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  #38  
Old June 13th, 2011, 11:08 PM
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I think Doug is right on the money. The folks that will pay 150K plus do not want a truck that someone else can purchase off of a dealers lot. However, if you started with a "base" model, and gave them *options* as to create, but then paint color, wheel upgrades, etc...all come into play. It's not a get rich quick scheme, that's for sure.

I do agree with you Derek, it would be cool to see, even a restored RRC would be okay.

Doug, I have a job for you, but it requires a lot of sanding.
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  #39  
Old June 14th, 2011, 04:36 AM
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Quote:
Originally Posted by Dilks View Post
Yes I'd personally pay $150-$200k for a nicely restored Defender 110 all day long.... And I'd pay original sticker or more for a restored 1995 RRC. I think there's a market. Would just love to see more of them out there in showrooms like Copley...
Like this one with a clear CA title?

And its alot less than $150k lol
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  #40  
Old June 14th, 2011, 04:56 AM
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At least Mike does not charge my hourly rate as an attorney for shop labor.
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