- posted 12 years ago
I had a 30X50 building at my previous residence but have no shop building at
my current residence. I have a good bit of machinery for a home shop, 2
manual mills, 1 CNC Bridgeport mill, 1 manual lathe, 1 CNC lathe, these are
not mini hobby size machines, the lightest of the above machines is the 13 X
52 South Bend manual lathe. I also have welders, stick, mig, and tig, a
drill press, a hydraulic press, 4X6 band saw, power hacksaw, wood working
machines (planer, jointer, band saw, table saw, scroll saw), and a forklift
to move it all with.
If I get a building at my current residence, it will probably be around $20K
debt for the building, concrete, and electricals. I'm pretty sure I can get
some work from my workplace (a 60+ acres under roof tire factory), not
taking work away from other shops, but making new parts to repair items that
we currently don't repair, saving the company money, making me money. When
we are busy and I get enough overtime (most of the time), I wouldn't need to
make any money in the home shop to make the payments. If things get slow as
far as overtime, I can make parts for work and/or to sell projects over the
internet or locally.
I guess it boils down to that I'm a little uneasy going into more debt
because of the economy but yet I think the shop would pay for itself. For
the most part, I should be in the position that I don't require the shop to
make any money, I just don't want it to be a total burden.
Tomorrow I plan to try to get an updated estimate on a building and talk to
the bank about it, see what my estimated payment would be, etc. If the
plant cut out overtime, I could work in my shop for paying jobs (stuff for
work or to sell).
Just looking for advise or recommendations, do you think it would be
difficult to get enough work to make $200 or so per month with older CNC and
manual equipment? Also, I consider that I could sell my backhoe after I use
it to unload machines at my new shop building, if I get the building.