Discussion
Does anyone have any thoughts on this as a business?
Small industrial units in my local area are very cheap (no space at home), cheap enough to rent from my wages and get kitted out. I've been thinking of a way to make one of these spaces make some decent money as I'm pretty stuck In my current job and want out.
Take on small unit for 300 per month, easily achieved round here I think. Buy for example a borked E65 7 series for a couple of grand, where the wheels alone can be £100's each not to mention Lots of other very expensive parts which bargain barge owners might not want to pay full price for. Obviously parts won't all sell at once but the difficult to get hold of or most expensive should go fairly quickly if advertised well, paying for the unit cost hopefully and turn a reasonable profit before the cheaper bits are stripped or sold and the rest scrapped. Rinse and repeat.
Am I taking too much of a simplistic look at this? Obviously there are people already doing this sort of thing but I think focussing on higher end cars with expensive parts could be a winner. A bit of a pub story but I was being told about a friend of a friend who bought a crashed 06 plate M5 and made £7000 by breaking it for parts.
Cheers,
Phil
Small industrial units in my local area are very cheap (no space at home), cheap enough to rent from my wages and get kitted out. I've been thinking of a way to make one of these spaces make some decent money as I'm pretty stuck In my current job and want out.
Take on small unit for 300 per month, easily achieved round here I think. Buy for example a borked E65 7 series for a couple of grand, where the wheels alone can be £100's each not to mention Lots of other very expensive parts which bargain barge owners might not want to pay full price for. Obviously parts won't all sell at once but the difficult to get hold of or most expensive should go fairly quickly if advertised well, paying for the unit cost hopefully and turn a reasonable profit before the cheaper bits are stripped or sold and the rest scrapped. Rinse and repeat.
Am I taking too much of a simplistic look at this? Obviously there are people already doing this sort of thing but I think focussing on higher end cars with expensive parts could be a winner. A bit of a pub story but I was being told about a friend of a friend who bought a crashed 06 plate M5 and made £7000 by breaking it for parts.
Cheers,
Phil
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