Re: nervous??????

Posted by Bob M on February 21, 2001 at 18:28:43 from (66.66.72.246):

In Reply to: nervous?????? posted by jp on February 21, 2001 at 09:59:37:

I agree with the other's posts - especially Bama's. A few more points to consider:

1 - I've restored two tractors so far. I kept track of every penny spent and mile driven seeking parts. On this basis alone these restorations would represent marginal profit opportunities at best. Then factor in my time, opportunity cost of shop space, investment in tools and supplies, etc. and they are solid money losers.

2 - The one new equipment dealer around here who does do old tractor restoration does so simply to continue his best mechanic's employment during the slow winter months. He only turns out only a couple tractors a winter. I'm certain he doesn't break even on these endeavors - it only keeps a good mechanic around for the busy season.

3 - Finally you should thoroughly learn and understand the market for restored tractors before making a commitment. To whom can you sell, how many per year, at what price, etc. My personal observation is most people involved in the hobby do so more for the intrinsic pride and satisfaction of doing restoration work themselves than for pleasure of owning a restored tractor. Suspect therefore there's at best only a vanishingly small pool potential buyers of a "ready made" restorations.

My 2 cents...

(For what it's worth I too have an MBA, love old tractors, and would enjoy make a living restoring 'em full time. But I just don't see tractor restoration as a viable business opportunity...)

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