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I think just starting out, that's too much. You need to start off in a smaller space, with a lot less overhead. To profit $2k a month, when you JUST start, is a lot. Then yuo need to figure in electricity, gas (you're going to need some heat), phone bills, water (if you have a bathroom, etc), tools, equipment, cable/internet (if you plan to run that there, you can usually get it along with your phone line). Zoning approval, registering the business, etc, etc.
It's not so easy as just moving in and starting a business.
In all honesty, I think you're jumping in head-first without really thinking it through, and realizing how much you need to PROFIT per month to keep the doors open.
Where is all of your business going to come from? Are you going to advertise? Where and how? Do you know how much advertising costs? What will be the most COST EFFECTIVE way to advertise? Do you have money to front for parts? or will you ask the customers to cover the parts cost up front? Do you have a book of receipts for repair work with your business letterhead? A business bank account? credit card processing machine/contract? (you need a business tax ID, etc for that), and everyone expects to pay with credit cards these days.
Can you CONFIDENTLY pull in over 5k profit per month?
I don't know you from a hole in the wall, but how much automotive repair experience do you have? Are you willing to work 7 days a week, 14-20 hours a day?
Just some food for thought from my personal experience, and helping my boyfriend restructure his business. It's a lot.
If you have any questions, or if I can help at all, please feel free to PM me. I'm more than happy to help, and give advice from my experience.
-Em
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1991 Stealth R/T Twin Turbo, 1995 3000GT Spyder, 1995 3000GT VR-4, 1995 Stealth R/T Twin Turbo, 1996 Dodge Ram V10 2500, etc...
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