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restoration for a profit?
Thats right making money on a resotration! I have been planning for a couple of years now for a "one stop resoration shop" but calling it sunnday auto, im just a few months short of sixteen.
at any rate, I want to make a profit, I'm breaking a deal for a complimentory 72 beetle. I know I can make a profit on the bettle, It should sell for about 4-6 grand, leaving me somewher between 1,000 and 2,000 in profit, but the total cash is all that matters to me. It will be a quick build, to be completed by this august and sold. I have an easy school scedule as I am attending the community college and messing aournd with 9 units and scoring the easist teachers.
In august I will sign up for the colleges enigne rebuild class, with a high preformance blue printing class as an option, I could build a wicked 289, the teach says you can squeeze 400 hp out of a 350 pretty easily with $500! he has a dealers license and gets all the parts cheap! Holy crap!, the 289 might cost a bit more but it should be very reasonable, let say I have 4,000 green backs to spend for the rest of the car, put a grand towards the engine, header and carb, a grand towards paitn incase my planned diy job doesn't work out (by the way a grand paint job for me is 3 grand to any other walk in)leaving 2,000 dollars to streatch over the tranmision and clutch, interior, and suspesnion. but remember thats if my bug project doesnt go over to well I could have 4 grand left over! pluss all that time im still making $200-$350 a month that will be going into the project as I have nothing to pay for but the crap I want. It sounds easy to me.
I was thinking of doing a 289 mustang incase you hadn't picked that up yet, 289s arn't as common as chevy 350s but mustangs are more common than any single chevy, its the interior work that im most afraid of, I think that I can probably figure out a good paint job with a 24 coat acrylic paint job diy style, refinishing wood is easy and chrome can be polished, painted or simply sent out to be rechromed; its the seats, carpet, dash, and headliner that scare me most.
a lot of you probably think im just another stupid kid but this is my dream
by the way after the mustang I will go on to build my 454 enigine on a $3000 budget, but remember I get the parts for cheap and IM building it so the only cost is the super cheap parts, my goal is 600hp. then i will leave for byu in utah, orem, were I will be forced to drive my 5 speed 2 liter 4 wheeel steering super straight really nice black honda prelude with geaers so short Im blowing 3,500 rpm at 65mph, thers no way this thing can do a 100. then I will go on a mission for two years while my engine collects dust in our townhouses 2 car garage up there in utah and when i come back I will hopefully rush though the rest of shcool as a mechancial engineer and get married, buy a small house with the $164,000 and build the el camino and start up my shop while turning down offers for 80 grand a year with benefiets.
by the way my ultimate goal is 10 cars averging at a profit of $15,000 a car after overhead.
thats $150 grand a year when im fully operational, whith no house payments, how much money do you need to make?
sorry it was such an incredibly longpost its really just here to help me think.
BTW if any one thinks there is something other than a stang htat i should do let me know
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