curious about buisness start-up

[thundering02]

First off how the market for starting a motorsports type shop in California?
Me and a friend are considering packing up and moving out to start our biz and thats where we are looking.... also will be looking at various buisness loans over the next couple of weeks so any links or additional info is appriciated.

[subi-crosser]

Originally Posted by thundering02

First off how the market for starting a motorsports type shop in California?
Me and a friend are considering packing up and moving out to start our biz and thats where we are looking.... also will be looking at various buisness loans over the next couple of weeks so any links or additional info is appriciated.

Do it just outside of the boarders of Calif, and you will save THOUSANDS in taxes!! Ask Napa, HE knows!!! The taxes in Calif. are just as bad as Maryland!! We are #3 nationally, and closing on # 1!!!
Jerry

[NapaBavarian]

Yeah, stay the phawck out of this state CA gets you...

High sales tax
High property tax
High income tax
Overvalued real estate
Overpriced rent
High cost of maintaining employees
High cost of services/construction/ect

As for the market, it is way cheaper for me to get parts from summit racing, delivered 1-2 days, shiping a flat $10 per delivery, almost infinate parts availibility, no sales tax, it would be hard to compete with that, just over the border in Reno cost of buisness far less, lower taxes, lower employee cost, ect...

What part of CA were you looking at?

[Noir]

Originally Posted by thundering02

First off how the market for starting a motorsports type shop in California?
Me and a friend are considering packing up and moving out to start our biz and thats where we are looking.... also will be looking at various buisness loans over the next couple of weeks so any links or additional info is appriciated.

there's already eleventybillion11!!!111!1!1 motorsports shop in cali. i'd find some other business to do in cali....like a gas station.

[NapaBavarian]

Hey- sorry to rain on your parade, just have lots of experience and have looked into doing something like this before, the thing about retail is that you are better evaluating the market and then finding an underserved niche, specialty product stores are hard to run because the market is so small and having what your customers want in stock presents its self as a problem.

If you want retail then look to what almost everyone needs, groceries, clothes, car parts, housewares, trouble with auto parts is that you will be new and more expensive than the chain stores and wallmart that people are already going to, so you'd need to find a growing market without a store in the area to make it worthwhile to buy from you, kind of a hard thing to do, but doable, then you gotta be good at marketing, provide awsome customer service, and gain a reputation!

It is hard anywhere, doable, but work. Come to Califirnia and we have the highest population of any state, that means a lot of law makers doing their job, creating too many obscure and pointless laws to help large corporations and kick mom and pop out. If my faimly hadn't been in Napa for 125 years and have the place I live in now, it was purchaced in the late 1800's, I wouldn't stay, the income to expence ratio is awfull, if you don't earn $100,000 a year you can't buy an entry level home, if you do then you need a huge down payment that would buy an entire house in many places.

[Noir]

Originally Posted by NapaBavarian

Hey- sorry to rain on your parade, just have lots of experience and have looked into doing something like this before, the thing about retail is that you are better evaluating the market and then finding an underserved niche, specialty product stores are hard to run because the market is so small and having what your customers want in stock presents its self as a problem.

If you want retail then look to what almost everyone needs, groceries, clothes, car parts, housewares, trouble with auto parts is that you will be new and more expensive than the chain stores and wallmart that people are already going to, so you'd need to find a growing market without a store in the area to make it worthwhile to buy from you, kind of a hard thing to do, but doable, then you gotta be good at marketing, provide awsome customer service, and gain a reputation!

It is hard anywhere, doable, but work. Come to Califirnia and we have the highest population of any state, that means a lot of law makers doing their job, creating too many obscure and pointless laws to help large corporations and kick mom and pop out. If my faimly hadn't been in Napa for 125 years and have the place I live in now, it was purchaced in the late 1800's, I wouldn't stay, the income to expence ratio is awfull, if you don't earn $100,000 a year you can't buy an entry level home, if you do then you need a huge down payment that would buy an entire house in many places.

so how's the grape business, grapefruit???

[thundering02]

thanks for the replays guys but cali was just the Idea..in truth we were considering variious neighboring areas too ....and it would be a full racing shop (or at least thats the current intention)

[NapaBavarian]

What neighboring areas? oh yeah, why are you looking to move and start a buisness at the same time?

[thundering02]

St Louis is one of the hardest places to start a buisness....and moving ...to make it an all or nothing trip...no whine ing to somebody or just giving up when it gets close ..... Just what happens. as for any other areas we have no "spot" picked other than close to the west coast.

[subi-crosser]

Originally Posted by thundering02

St Louis is one of the hardest places to start a buisness....and moving ...to make it an all or nothing trip...no whine ing to somebody or just giving up when it gets close ..... Just what happens. as for any other areas we have no "spot" picked other than close to the west coast.

Might I suggest a nice site in West Virginia??? You would be close to DC, Baltimore, and Northern Virginia, but far enough out that the taxes and expenses wouldn't kill you!!!

Somewhere near Martinsburg, just off I-81, Not too far from I-70, you could run trucks or roll-backs to the major metropolises in a matter of 2 hours!!

Just playing the 'devils advocate', but you really need to do your homework!!!

Jerry

[subi-crosser]

Originally Posted by NapaBavarian

Yeah, stay the phawck out of this state CA gets you...

High sales tax
High property tax
High income tax
Overvalued real estate
Overpriced rent
High cost of maintaining employees
High cost of services/construction/ect

As for the market, it is way cheaper for me to get parts from summit racing, delivered 1-2 days, shiping a flat $10 per delivery, almost infinate parts availibility, no sales tax, it would be hard to compete with that, just over the border in Reno cost of buisness far less, lower taxes, lower employee cost, ect...

What part of CA were you looking at?

Thought you might have some 'input'!!!!!

Jerry

[thundering02]

All of this is helping me and we may consider that option like I said still looking at various info.

[Electrophil]

Come to Vegas. We are growing like crazy, no state tax, and extremely business friendly. Real estate is still reasonable but rising. Utilities are among the lowest in the nation. Fuel prices are high, for we rely on CA refineries, and mimic their fuel laws for additives, etc., but that is basically the only true negative.

[PismoSVX]

Thought I'd put my 2 cents in about the business venture. I'm a Cali. native, but I lived in Northern Nevada for 3 years (now back in Cali. however). Vegas is a good choice if ya don't mind the heat. If ya don't mind the cold though I'd highly recommend the Reno/Carson City/Lake Tahoe area. Great place to live. For a bigger city, Reno is very well laid out and no constant traffic jams. Like the previous poster said, Nevada has no state taxes (I guess the gambling revenues keep the state afloat ) California on the other hand.... the workman's comp. rates ALONE are forcing small companies out of the state. If you're really interested in West Coast, I'd check out the Nevada/ California border towns like any of these. Just stay on the Nevada side. Best of Luck to ya!

[Speedklix]

http://www.sba.gov