Two Car Garages. Protect your vehicles with one of our durable two car metal garages. These versatile, long-lasting, fully customizable structures can protect your vehicles year-round and fulfill most any other need you may have. From storage, to an office space, to a guest room, they can do it all! Buy a 2 Car Garage. Car lift bay for hourly rental. July 4, 2016. He’s a mechanic with a 5 bay garageHe’ll rent out 1-2 of the bays from time to time. But 90% of his income come from his business. Besides instantly making my 2 car garage into a 3 car garage and storing my work truck on top of where I park, I also can.
One of those types of places opened up near here about 20 years ago and only lasted 4 or 5 months.The big issue was that these DIYers would rent a stall thinking they could knock something out pretty quickly and as per the usual when it comes to automotive problems, discovered Murphy’s Law takes hold pretty regularly. True back then and would be even more true now due to the vastly increased complexity of all cars.Throw in their lack of expertise on top of this and they would often spend more on stall rent than they would if they had just paid someone to do the repair in the first place. And the reason you would have to charge $50 per hour is to cover the liability insurance.WRONGNever even considered it. Sorrybut spend some time and do the MathA simple 10 bay garage in the Boston (outside of the 495 belt) area can easily run you 10-20k PER monthIf in Cambridgetry $40k/mo.Those lifts aren’t cheapNot to mention heating/water/damageand there are LOTS of things I’m NOT includingInsurance is NOT of of them.I do know a guy in NH that does it.
He’s a mechanic with a 5 bay garageHe’ll rent out 1-2 of the bays from time to time. But 90% of his income come from his business. They had one of these in Austin Tx in the 70’s while I was in graduate school there. I used it several times, including getting lots of good advice from a mechanic who was also likely the owner. My guess is they didn’t make a lot of money from folks who only took problems in they could handle, such as my wheel bearing repacks, starter motor changes, and so forth. The big money was in charging for mechanics’ time when the owner got in over his/her head and needed to simply turn it over to a professional. I recall reading about Tom & Ray’s attempt to do this.
They discovered that too many customers got the cars on teh lifts and then needed technical help getting them fixed. They ended up having to hire techs to help the novices, then to pay the techs they had to have them doing repairs at traditional costs. Vampire academy 2 movie release date. In short, the DIY idea became a regular shop.The good news is that of you have a garage with enough clearance and a flat floor you can buy lifts that can do the job without having to install hydraulics in the ground. Anyone who reads a few threads here should understand how quickly people get in over their heads trying to save a few bucks. Imagine someone breaking the bell housing bolt off in an aluminum block. 40 miles from home.
On Saturday morning. Who needs the car to get to work Monday or he gets fired. But he spent his last dollar buying the clutch he just installed incorrectly. Now, the car can’t be towed away because the engine won’t be supported. The owner can’t afford a wrecker anyway.
So the car sits on the lift till. Since we’re a small company but large enough to have 2 lawyers on staff I decided to ask them if they knew anything about liability insurance for this type of business. One of our lawyers use to work for State Farm insurance until she went on maternity leave some 5 years ago. She made a simple inquiry to find out.Liability insurance for a business like this is about 3 TIMES what insurance would cost for a software business like ours. That yearly amount is less then HALF of the rent you’ll be paying for just ONE MONTHso as I saidliability insurance is an INSIGNIFICANT amount of the cost to own a business like this.
The insurance payment is but a small fragment of the cost. The real liability costs start when you are being sued. You have the time and cost involved in defending yourself. Business lawyers start around $300 per hour, and you’ll have several hundred billable hours by the time you settle or go to trial. Now it’s your turn to do the math.If you owned a business you would know that there are a substantial amount of costs that your liability insurance does not cover.
Compensatory damages are partially covered, but punitive damages are all out of pocket. Mechwarrior online game. Once your business makes a settlement liability insurance will be scarce to find from any source.In a business like this there are way too many ways for someone to claim damage. Every time you defend or settle the costs are huge.
So as I saidBusiness liability is huge in a business like this.