Wow, I hugely appreciate it!
I've been away from the business for 6 months or so, so I need to restock everything, and have capital set aside for products and basic tools - air compressor, paint gauge, new machines, etc. I'd used primarily a PC and some rotary, but the PC is on it's last leg, and I sold the old rotary.
I'll be at a fixed location - a 1200sq ft shop with 12 ft ceilings, an overhead door, heated but not air conditioned, floor drain, water inside, etc.
My original plan was to get a Dewalt rotary, and a combination of 3 and 6 inch pads for most of my paint work, though these forums convinced me I may not need much more than the GG 6" DA with 5" backing plate and MF pads.
My rough product shopping list for my first (slow) few weeks looks like this:
Compound: Meguiars #105 32oz - $25
Moderate Polish: Meguiar's Microfiber Correction Compound D300 32oz - $28
Finishing Polish: 3D HD Advanced Polish - $49
AIO: Autoglym SRP 17oz - $20
LSP:
- Wax: Collinite 845 Insulator Wax 16 oz - $16
- Sealant: FK1000P - $18
Coating: Opti-Coat - $35 per application
Applicator Pads: 24 pack Pinnacle Foam - $30
Microfiber Towels: 36 pack eurow from Amazon - $23
Random Orbital: Griot's 6" - $90 from Tirerack
Meguiars G110 5" Backing Plate - $20
Pads:
- Meguiars 5" MF Cutting Discs x 4 = $40
- Lake Country CCS White x 6, Gray x 3 = $63
As far as washing and whatnot, the list was:
Wheel/Tire Cleaner: Sonax Full Effect 16oz - $16
Strong Wheel Cleaner: Brown Royal - 1 gallon ?
Clay: Meguiars Smooth Surface Clay Kit - $19
Foam Gun:
Amazon.com: Gilmour 75QGFMR Foamaster Adjustable Multi Ratio Cleaning Gun: Patio, Lawn & Garden $43
Shampoo: Chemical Guys 1 Gal $22
There's a fair number of things I haven't determined yet, such as tire dressing, and 95% of my interior supplies. I'm still debating on whether to get a really solid steamer, a solid extractor, or get the mid-level of both (Mytee Lite II & VX5000) based on a somewhat limited budget starting up.
I feel quite naive when it comes to sourcing cots-effective but also high-performance supplies for a full-time dealership, so I immensly appreciate the wisdom and experience you could share in helping me achieve profitability.
To be transparent, my number one goal is to profit $3580 a month within 6 months. That breaks down to about $172 after taxes per day, assuming 21 working days a month. I'm located in Cedar Rapids, Iowa. The metro area's population is roughly 200,000. There are two main country clubs in town, with quite a bit of wealth there, and I'd like to eventually get into the niche of the upper class, but there's a massive amount of mini-vans, SUVs and sedans from the middle class that I'd be foolish not to appeal to, assuming it helps towards my goal.
I'm honestly very open to feedback/advice/mentorship. I just read through Renny's book on how to start a business. I do have business experience, so I'm fairly confident with my marketing and sales approach, and connecting and building relationships with my current and potential clients, but I realize my greatest challenge is going to be understanding what to invest in to maximize efficiency while minimizing costs per detail. This includes bigger equipment that are one time large purchases, and the ongoing expense of product and pads, etc.
Thank you!