Hello,

I am a High School Senior and serously looking into going to WyoTech starting this summer and soon after that starting my own engine repair and preformance shop.

I have been learning as much as I can about the field, and have quickly come to the conclusion I love working on cars.

Since I am getting ready to form a business plan, and start seeing how much things will cost me. I need all the help I can get...

Thanks

Ryan

The center's dyno equipment should include

Land and Sea Chassis dyno capability to 1600hp
http://www.land-and-sea.com/dyno.htm
Environmentally controlled dyno cell Pressure & boost measurement Lambda/AFR measurement 16 channel data acquisition capability Cold water chillers for the power absorption units In-ground exhaust system for noise suppression In-ground lifts for easy setupThe center's chassis tuning equipment will include:
Alignment system with in-house calibration capability Alignment rack with electronic scales in the turntables & slip plates Zero runout, no mar, wheel clamps including BMW/Mercedes/Porsche specific clamps Wheel changer (s) for low profile and run-flat tires High end tire balancer (Hunter GSP9700) http://128.242.141.111/
Compressor with 80 gallon tank & refrigerated drier for shop airScope:
Racers and car enthusiasts can optimize their car's engine and chassis tuning. Each customer would receive the following baseline data on their vehicles:
Front and Rear - caster, camber and toe Vehicle corner weight and overall weight Drive wheel (SAE or DIN corrected) horsepower and torque (vs rpm) Wideband/AFR and vacuum/boost (vs rpm) Acceleration data - in g's or tractive effortOf course, customers can lease as much time on the equipment as they require should they want to develop custom software, break in a new engine, or simply make any required hardware changes (in-house) while they still have access to the equipment.



Financials:
Revenue:
Engine/Chassis Evaluation (with printouts) - $200 (2wd), $350 (4wd) Dyno Only - $125/hr (2wd), $250/hr (4wd) Alignment - 2wd ($75-125), 4wd ($150-250) Custom wheel/tire Mounting/Balancing - $25-30 per wheel Shop labor - $75-85 per hourExpense:
Shop Labor Insurance Rent/Utilities Telecom Profit SharingCapital Expenditures:
Dyno & Accessories - $135k Dyno lift & supporting equipment (chiller, HVAC, exhaust, etc) - $25k Alignment equipment & rack - $35k Tire equipment - $15k Compressor - $10k Building fitup - epoxy floors, lighting, webcam & monitors, etc - $30 to 50k (depending upon building size) Storage & office equipment - $20kTotal expenditures - approx $250-300k (excluding building purchase)

B. Ultimate Workshop/Storage Center for Car Enthusiasts
I've already been involved in a few of these projects for clients interested in a clean and secure storage environment for their cars, parts and tools. Many of these folks live in big city apartments where its not uncommon to have to pay $1000/mo per vehicle for common garage storage. As a result, they have purchased or rented warehouse space in the suburbs which has been converted to effective car storage. I'd like to avail other enthusiasts, mainly those living in apartments or condo's where multiple car storage is costly or impossible, to their own "ultimate garage suites" to house their cars, tools, wheels & tires, race trailers, etc.
There are two ways to approach this concept. One is to treat the center as an exclusive club for a handful of members, each with an equity share in the assets based on the size (square footage) of their suites. The other approach is to lease the suites to pre-qualified tenants, allowing approximately 300-350sq ft per vehicle (the average home garage is 200sq ft per car). Either way, equity or lease, Garage would design the customer suites which would be quite luxurious by typical garage standards. Each suite will be secure and accessible only to its tenant with a "common" area for minor service, inspection, and car care (ie, a dedicated car wash area).

General Suite Amenities
Minimum 12-15' ceiling height 9' wide entry door Heating & Air Conditioning for each suite with humidity control Properly conditioned compressed air for each suite (with pressure regulator) Plenty of lighting and electrical outlets (including floor outlets for trickle chargers) Webcam monitoring for each suite Central station security and fire system (extinguishers in each suite) Telecom and cable access ports Epoxy quartz tile floor Lista storage cabinets and countertops along front wall (along the side walls in the workshops)Suite Options
2-tier Parking Lift In-ground Service Lift Hand and air tools supplied with suiteSuite Sizes (estimated)
Single - 14' wide x 25' deep Single with Workshop - 20' wide x 25' deep
http://www.ultimategarage.com/HomePage1.JPG Double - 25' wide x 25' deep Double with Workshop - 30' wide x 25' deepCommon Area
Car wash bay Inspection Area Drive on Platform Lift (within the inspection area) Wheel & Tire Equipment (supervised use only) In-Floor shop exhaust system Unit Workshop - for engine and other component overhauls. Dyno room (supervised use only)http://www.ultimategarage.com/unitshop.jpg


C. Ebay Sales Agency
Items such as building supplies from garage projects, sale of demo tools/equipment/displays, old BMW parts (many that are no longer available), surplus hardware & tools, and new overstock inventory. Maybe some less cost generators made in China, cost $135, wholesale $190, retail for $269.
I know that Ebay is a valuable channel for bringing these items to market, especially to folks who would not normally visit my site.



Once posted to the internet there is no stopping what happens.

Later,

Deno is not needed for a basic shop operation; thanks for the suggestion, but I am not planning on going HUGE right out the gates. No point plus I would have NO reserve if I did such a thing. I am looking for the basics of a good shop.

hey rlong1985 you should first go to wyo tech and see if it is the right thing for you, and learn that brakes are not powered by gremlins.

plus you are not thinking, all of the people that come in and ask for a new intake etc... are gonna wanna know how much power they have before and after, a dino is good. plus you charge for the use of it twice.

You dont start a shop with that much in it, you would go belly up because you would not have enough in reserve. You cant fill your shop with toys if know one knows you have the toys....

I am aware of WyoTech, and I do my research before I jump into anything.

Starting a business is a huge financial responsibility...and it will be even harder if you are just starting out in the business.

I would start by working for someone else, hone your craft, build a name for yourself...reputation is huge in this busness.
Do some side work....kind of like starting your own busness...gives you some ideas on how to run the business..labor costs, supplies,taxes, costs verses income, permits and licenses.
What kind of work to you want to do?..repairs,upgrades customizing, high performance...this will have an effect on your longevity also...remember fads come and go...will you be able to predict and adjust as things come and go?
Food for thought.

Repairs and Upgrades/Preformance; just the basics bolt on right now.