Posted by robert major on November 15, 2014 at 16:41:32 from (216.130.77.55):
In Reply to: Sound Right To You?? posted by Bryce Frazier on November 15, 2014 at 14:49:12:
Hi Bryce whats a minimum wage job worth in your area, if you got nothing else to do with your time and double it, if you can make more money with your other jobs i wouldn't do it again for the price!. Then if you brought the parts add percentage to them, plus your shop supplies. Then see where your at with realistic hours on it
I can tell you my shop rate for farm machinery repairs is $45 an hour here in Canada. usually the customer buys parts. i supply shop stuff used, and bill time or milage used for getting parts if I pick them up and charge them to the customers account with the supplier.
If I price a restoration I want $20 an hour, a figure up front to get going and the guy buys parts & paint . Then do them when the shops quieter. It pays better than watchin tv!. but at main shop rate it would be so expensive, it would need to be a very rare tractor to make it worth doing. Last one i priced, I knew a guy got one already done that the guy brought instead, for 000s less than i could do his wich made sense to him, but your deals a little different.With the family thing. As I sometimes say when trying to buy bush tractors, sentimental value is worth a $1.50 a pound more than scrap most days. Regards Robert
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