09-11-2015, 10:08 PM
Hi Nick.
A very good read, you've put a lot of thought into the post and have addressed the situation fairly well.
There are things you've missed and some things not quite on the mark, nothing though that is seriously wrong.
The actual running of the business is likely to be much higher than you have bargained for. Unless I've missed it there are other expenses, heating the work area, electricity, maintenance, test equipment, guaranteeing your work, delivery charges, consumables like solder, switch cleaner, waste disposal and more.
Restoring radios is different to repairing, you could need a full chassis strip down into an acid bath, or a rebuild of the cabinet. These may have to be done by third parties, again an extra cost.
Now I know those that have done full restorations but often these are at four figure sums. One restorer that was possibly the biggest in the UK has closed, I wonder why? No doubt due to the fact less people are interested in old radios and so many are either restored already or really scrap.
After years of doing this myself I'll say it again, it's a dead loss.
A very good read, you've put a lot of thought into the post and have addressed the situation fairly well.
There are things you've missed and some things not quite on the mark, nothing though that is seriously wrong.
The actual running of the business is likely to be much higher than you have bargained for. Unless I've missed it there are other expenses, heating the work area, electricity, maintenance, test equipment, guaranteeing your work, delivery charges, consumables like solder, switch cleaner, waste disposal and more.
Restoring radios is different to repairing, you could need a full chassis strip down into an acid bath, or a rebuild of the cabinet. These may have to be done by third parties, again an extra cost.
Now I know those that have done full restorations but often these are at four figure sums. One restorer that was possibly the biggest in the UK has closed, I wonder why? No doubt due to the fact less people are interested in old radios and so many are either restored already or really scrap.
After years of doing this myself I'll say it again, it's a dead loss.
