Big thinking to do

R1cho · 17-01-2014, 10:18

well, I have the opportunity to get a workshop, its a big one with lots of tools, including a bender that bends 1/2" thick steel, metal lathe, spot welder, tig welder, mig welder, sheet roller etc. you get the idea, the lease on the place is for as long as i want, the bloke said i can have it for 21 years if i want, the downside is the rent is £1500 a month :swoon:

Now it does come with a contract for stainless steel catering equipment, chip shop friers etc. that he says will more than pay for the rent he also said he will give a concession on the rent for the first 12 months but didn't say how much and i was busy drooling over the tools and forgot to ask lol

I have some ideas for fab work that i think would sell and make money such as dislocation cones that also give a 2" lift, gearbox scissor jacks, and contemporary furniture. The thing is, it's a big undertaking and i'm not sure i'd be able to run such a large workshop on my own never mind cover the rent costs. Lots of thinking to do but it could mean big things if it does all come together.

Fez_uk · 17-01-2014, 10:38

can you tig weld? Im guessing thats what's needed to weld the stainless steel for the catering equipment contract?

I'd take what he says with a pinch of salt.

Fez_uk · 17-01-2014, 10:52

forgot to say think about what tools you could buy for £1500. I'd start at a smaller place, less overheads etc.

R1cho · 17-01-2014, 11:04

tig welding is actually pretty much the same as mig, the catering contract is with a catering supplies company that he owns which is in the same building.

heres some of the tools

rustic · 17-01-2014, 12:07

£1500 a month is £18,000 a year

You would need quite a lot of business to justify that sort of expenditure.

That would have to come off the bottom line, before you make any profit.

You would need a team of people and loads of orders.
Or manufacture a high value products, with low build costs.

Some serious machines there.

You would also need a fork lift truck to handle all the steel you would need to buy, to justify these hungry machines.

cncfabs · 17-01-2014, 14:39

Ive been in welding/fabrication for nearly 30 years so have some experience.Those machines are old hat very labour intensive.These days its all about laser and cnc machines.If youve got product ideas design them and get someone to make them for you and take the margin on them

larson · 17-01-2014, 16:58

Quote:

Originally Posted by R1cho

tig welding is actually pretty much the same as mig, the catering contract is with a catering supplies company that he owns which is in the same building.

mig and tig are a fare bit different. i do both plus braze and stick weld.

you will need to have a very nice weld on catering equipment as you wont want to be putting a sander to it.

i think its a lot of outgoings to risk especialy if the catering contract finished..

spautoparts · 17-01-2014, 17:27

If the business is profitable, why is he giving it away?

17-01-2014, 10:18	#1
R1cho Senior Member Join Date: Aug 2010 Location: Wales Vehicle: 1997 LandCruiser Colorado Posts: 4,201	Big thinking to do well, I have the opportunity to get a workshop, its a big one with lots of tools, including a bender that bends 1/2" thick steel, metal lathe, spot welder, tig welder, mig welder, sheet roller etc. you get the idea, the lease on the place is for as long as i want, the bloke said i can have it for 21 years if i want, the downside is the rent is £1500 a month :swoon: Now it does come with a contract for stainless steel catering equipment, chip shop friers etc. that he says will more than pay for the rent he also said he will give a concession on the rent for the first 12 months but didn't say how much and i was busy drooling over the tools and forgot to ask lol I have some ideas for fab work that i think would sell and make money such as dislocation cones that also give a 2" lift, gearbox scissor jacks, and contemporary furniture. The thing is, it's a big undertaking and i'm not sure i'd be able to run such a large workshop on my own never mind cover the rent costs. Lots of thinking to do but it could mean big things if it does all come together.

17-01-2014, 12:07	#5
rustic Senior Member Join Date: Feb 2007 Location: Staffordshire Vehicle: Maverick Mk I 2.7 TD LWB Posts: 7,825	£1500 a month is £18,000 a year You would need quite a lot of business to justify that sort of expenditure. That would have to come off the bottom line, before you make any profit. You would need a team of people and loads of orders. Or manufacture a high value products, with low build costs. Some serious machines there. You would also need a fork lift truck to handle all the steel you would need to buy, to justify these hungry machines. __________________ Ford Maverick GLX 1995 2.7TD LWB in illusion silver, 98k miles. Owned since new, for 22 years. Best car I have ever owned. Just wish I could drive it more.

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17-01-2014, 10:38	#2
Fez_uk Senior Member Join Date: Sep 2010 Location: Mid-Wales Vehicle: Maverick 2.7 - Patrol 4.2 Posts: 5,645	can you tig weld? Im guessing thats what's needed to weld the stainless steel for the catering equipment contract? I'd take what he says with a pinch of salt.

17-01-2014, 10:52	#3
Fez_uk Senior Member Join Date: Sep 2010 Location: Mid-Wales Vehicle: Maverick 2.7 - Patrol 4.2 Posts: 5,645	forgot to say think about what tools you could buy for £1500. I'd start at a smaller place, less overheads etc.

17-01-2014, 11:04	#4
R1cho Senior Member Join Date: Aug 2010 Location: Wales Vehicle: 1997 LandCruiser Colorado Posts: 4,201	tig welding is actually pretty much the same as mig, the catering contract is with a catering supplies company that he owns which is in the same building. heres some of the tools

17-01-2014, 14:39	#6
cncfabs Senior Member Join Date: Sep 2009 Location: somerset Vehicle: terrano Posts: 1,947	Ive been in welding/fabrication for nearly 30 years so have some experience.Those machines are old hat very labour intensive.These days its all about laser and cnc machines.If youve got product ideas design them and get someone to make them for you and take the margin on them

17-01-2014, 17:27	#8
spautoparts Senior Member Join Date: Nov 2011 Location: East Midlands, Nottinghamshire Vehicle: Terrano2.7 TDi SE 2005 Posts: 255	If the business is profitable, why is he giving it away?