Landracing Forum
Misc Forums => NON LSR Posting => Topic started by: GearSpeedKelvo on September 13, 2009, 11:30:33 AM
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Anyone here wants to invest here in the Philippines?
Thanks.
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Even a little more detail may help.
Pete
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:? Is that near Olongapo!! Crow.
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Some of the details are I just want to make the shop bigger and make it a performance shop that can put turbo,fabrication etc.
Do you have an email address?
Thanks.
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is there a bridge involved in the investment?
Kent
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Perhaps you could make a Youtube video. :-D
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Not wanting to be discouraging, but investing in speed shops is very risky. Meth labs, sure. But hotrod shops are high-risk, and low return. For every one that makes a solid profit, there are hundreds that either barely hang in there month-to-month or outright fail in less than 5 years. Often the problem is that the owner is a hotrodder, and when he gets some money, he puts it into going faster. Nothing wrong with that, but for outside investors, that isn't going to work.
Your best bet is to do what you know how to do (tuning, fab, engine building, etc) with the bare minimum of capital investment (work out of your garage, rent dyno time, etc) and put away 10% of every sale into the "I Want A Brick Building" fund. If you borrow the money first, your chances of survival are poor, since you will have to pay the loan even in the slow periods, and it will be >20% of your income, not 10%.
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is there a bridge involved in the investment?
Kent
Kent, I have a big red bridge for sale and I will throw all the water under it for free. :cheers: Did those numbers work out for you? Tony
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Tony
is that the bridge that use to be in London?
Kent
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Tony
is that the bridge that use to be in London?
Kent
LOL, Not that one. Its the one near the Peoples Republic of San Fransisco. :-o LOL. Tony
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Some of the details are I just want to make the shop bigger and make it a performance shop that can put turbo,fabrication etc.
Do you have an email address?
Thanks.
How much money do you need? Perhaps I can send you a certified check and if I happen to add a few thousand extra you could just wire it back to my bank? :wink:
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Not wanting to be discouraging, but investing in speed shops is very risky. Meth labs, sure. But hotrod shops are high-risk, and low return. For every one that makes a solid profit, there are hundreds that either barely hang in there month-to-month or outright fail in less than 5 years. Often the problem is that the owner is a hotrodder, and when he gets some money, he puts it into going faster. Nothing wrong with that, but for outside investors, that isn't going to work.
Your best bet is to do what you know how to do (tuning, fab, engine building, etc) with the bare minimum of capital investment (work out of your garage, rent dyno time, etc) and put away 10% of every sale into the "I Want A Brick Building" fund. If you borrow the money first, your chances of survival are poor, since you will have to pay the loan even in the slow periods, and it will be >20% of your income, not 10%.
I have a shop now but it is just carwash and auto-detailing I just need someone who can add in the capital here in the Philippines.Some customers of mine have been asking me if I can do engine swap,put turbos etc.There are shops that are hardcore here in racing.I want to do the same thing because I love racing and I'm currently building one right now.
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.......i have an inheritence...coming due.....and need
to have it wired to you....if you could front us the
2000$ to speed the paperwork...d/t to my american
citizenship...i can make the proper investment in your business...
once the check clears on your end...
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Philippines hey?
My wife is from the Philippines and she just set a new AMA record at the Bubs at Bonneville event. I believe she is the first Philippine land speed record holder.
(http://www.nrhsperformance.com/images/CilAndBlastSmall.jpg)
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"I believe she is the first Philippine land speed record holder."
Can't be -- she did it in Utah.
Stan
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"Utahnian" ?
J
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Philippines hey?
My wife is from the Philippines and she just set a new AMA record at the Bubs at Bonneville event. I believe she is the first Philippine land speed record holder.
(http://www.nrhsperformance.com/images/CilAndBlastSmall.jpg)
Congrats.I really need to finish my car hopefully this year.
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"Utahnian" ?
J
I think it's Utopian. Or at least that's what the Chamber of Commerce says. :wink: