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ROAD TRIP pics

C

centash

Well-known Member
You name it, he had it. First is in his restoration shop, 2002 long nose Pete. Over 2 million mms, in the shop since mid Feb. with three guys on it full time, just about finished. It will look like the rest in the pictures when done. He has 9 large sheds, with roll up doors and heat plus several smaller open ended sheds. There is not a square foot of floor space or wall space vacant. He has Reagan's armoured Cadillac Limo and a couple of the ultra heavy duty trucks used to haul the rocket booster for Morton Thiokal. Just an incredible collection.
Ben
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One great collection. Big fan of the Autocar trucks, have driven a bunch of them way back when, very popular in NJ. There was a place just down the road a bit that was a heavy hauler, they had several heavy spec Autocars. One day I went over and checked them out, unbelievable how much larger the wheels & tires where proportionally to the models I drove, defines the meaning of heavy duty.

That Mercury M100 is sharp too !
Malbros
 
Great pictures, and a wonderful collection. Only part that troubles me is, how much are tax payers over paying to have roads built, if a company can have so much profit from building public roads. That it can build, restore, and maintain such a vast collection. Sure, everyone needs to make profit from their business ventures, I don?t have a problem with that, but wow.... this must coat a small fortune to assemble, maintain, and staff. All built on gas tax. Well on the other hand, at least these folk have used their wealth earned from their own hard work and industry to provide a interesting attraction for others to enjoy.
 
(quoted from post at 06:15:57 04/30/18) Great pictures, and a wonderful collection. Only part that troubles me is, how much are tax payers over paying to have roads built, if a company can have so much profit from building public roads. That it can build, restore, and maintain such a vast collection. Sure, everyone needs to make profit from their business ventures, I don?t have a problem with that, but wow.... this must coat a small fortune to assemble, maintain, and staff. All built on gas tax. Well on the other hand, at least these folk have used their wealth earned from their own hard work and industry to provide a interesting attraction for others to enjoy.
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Bruce, pretty much industry standard to aim for somewhere between a 5-7% net profit. 5-7% when doing a 100 dollar job is 5-7 bucks. When doing a million buck job it's 50,000-70,000. So if this collection is built on the company with the company using the restorations as "repairs" therefore a tax write off then yea I'd be concerned. If the guy is paying himself as the CEO, plus taking owners draws and financing this out of pocket what's the concern? In that case the company is paying it's taxes as is the owner/CEO and not using this as a tax write off. I know more than one farmer with a small collection of tractors that parts and labor on the tractor collection get written off. Heck I knew one guy who built a hot rod 1948 panel truck. Spent about 30K on it 02-05. Had magnetic signs made for it advertising his business (small business) so he could write off the cost, first as advertising then repairs/upgrades!

Rick
 
At those margins, we would be out of business. I monitor and do the cost accounting for all of my projects, which are very small compared to ones I used to do, but range from less than 100K to 3 million. Most are bid 19% or better. One I am completing in June, 1.7M a 2 year multi phase project will finish at better than 20% per my latest cost at completion report. A lot of risk and headaches in between, but for the 2 year investment, it will bring in a decent profit. We have a 98000 sq ft facility with a lot of fabrication equipment and when one of those CNC plasma cutters goes down, very costly to repair.

I don't know how the company in question could make it at those margins, keep the lights on, the doors open and maintain a large work force without high turn over rate & associated problems.
 
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