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LLC Business Loan?
Hello,
I'm retired, but also an MBA student. I want to eventually build my own 65 Coupe as a hobby, but figured since I have the time I could assemble a few cars per year, auction them, and use the proceeds to fund my personal build. Does anyone have experience/advice with starting an at-home kit-car assembly small business and obtaining a business loan to order the first few vehicle parts lists, paying off the loan and purchasing additional kits with revenue, and continuing to invest in a profitable hobby? Thanks
-Mark
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Not a waxer
I'll just say that building these cars on speculation (especially if you haven't built one before) is a risky business model. Better to build to order but again, if you are without build experience you'll probably find it difficult to attract customers.
Jeff
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I have never made money on an all new build. Almost anyone that builds these lose money when they sell. Just a fact of life.
You need to establish yourself as a builder then find customers that are willing to pay your labor.
Mike
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Senior Member
The best way to make a small fortune assembling and selling cars, is to start with a large fortune.
Mk.4 FFR supplied Right hand drive
Received 12/2012 completed 12/2019
Gen1 Coyote / TKO600 / IRS
Lots of mods to make compliant for Australian design rules
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Post Thanks / Like - 0 Thanks, 4 Likes
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Senior Member
Originally Posted by
Nigel Allen
The best way to make a small fortune assembling and selling cars, is to start with a large fortune.
Same in aviation!
FFR Roadster Delivered 9/16/21
Forte 427 Fuel Injected with TKX Transmission
Forte's Axle
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Sounds like the auto racing idion....how do you make a million dollars racing??? Start w 2 million