Cost & Profit on a Set of Motorcycle Wheels

okay so first off i'm gonna start this video up by saying thank you all for getting me to over a thousand subscribers i know i'm a little late on this it's been a you know two three weeks since i posted a video but anyways you know thank y'all for getting me there um i'm gonna keep doing videos as much as i can and you know i'm open to ideas if y'all have some suggestions on what y'all want to see and if i'm able to do it you know maybe we can get there and get it done and help you all out in y'all's coding businesses and hobbies or whatever y'all might be doing with it so stay tuned to the end of this video i'm gonna be doing another cost breakdown uh there won't be music on this one like the last one that i messed up but it's going to be on a set of these red uh sportback wheels so stay tuned to the end of the video and you can see how much i made profit on these wheels so that's the next project we got here a set of sport bike wheels uh we're gonna get them stripped down and these are going gloss red so we're gonna get them in the tank here in a second uh shouldn't take but 15-20 minutes looks like they're spray painted maybe a little bit longer but shouldn't be too bad then we're gonna get them in the oven for outgassing [Music] [Music] okay so these have been in there for about 15 minutes we're going to go ahead and pull them out and check them looks like they had some red possibly paint under them looks like they're pretty good though we're going to go ahead and get them pulled and get them in the neutralizing tank and then we'll get them rinsed off gotta shake them out this stuff's expensive okay so they've been in here for right at five minutes we're gonna go ahead and get them pulled and we're gonna get them rinsed off [Music] so so there's still a little bit of paint left on there we're gonna get them back in the chemical tank for about another 15 minutes and that should take care of uh most of this i have not we'll do it one more time so the wheels are completely stripped now the front wheel right here came clean and two dips 15 minutes apiece the rear wheel here i had a little bit left on it if i was using a pressure washer probably would have came off after the second dip but i was just using a nozzle on a water hose i was feeling a little bit lazy because i wasn't in a hurry i was doing a couple other things so i dipped it again for about 10 minutes and it came completely stripped so we're gonna get these in the oven and get them out gas and then get blasting and powder coating on them so so so so so got these out of the oven they're all cooled off ready to go gonna get them wrapped up for the customer and he could be on his way to pick him up okay so bear with me through this i'm gonna be reading a lot of the cost breakdown off the laptop here um for the set of wheels i don't have them anymore i did them actually a couple weeks ago already the customers already picked them up put them on the bike and gave them back to his customer so it's actually for a small motorcycle repair shop that he brings me wheels every now and then um so we'll get into it first thing i did was rim strip i haven't found a good way to calculate how much the rim strip cost me per job uh so we'll just throw in five dollars for that uh the next thing is a 50 pound uh bag of green diamond will run me now about 10.75 a bag and keep in mind i'm not putting tax in here i'm not i should but i'm not putting um my costs to go pick it up and bring it back because everybody's gonna be different on that kind of thing uh when i started i was just when i started using green diamond i was paying right around nine dollars a bag so it's gone up just like everything um which people kidding powder coat work don't understand that they still want it to be the same as it was five years ago and it's not um but an easy way to figure this out is media is good you know you can use it more than this but i like to keep a rule of thumb of four cycles in my cabinet which is using it refilling the blast pot and then using it again you know four times so at 10.75 um and a 50 pound bag will last about 20 minutes roughly depending on the pressure and how much you're you're using at that time but on a set of these wheels it lasts about 20 minutes uh and the wheels took me 16 and a half minutes to blast so [Music] with that quick math we could just say it cost me three dollars to blast these wheels in media um for the powder i'm kind of going out of order here but the powder i'm i weighed it and i used right at seven ounces of powder so we'll just knock that up to a half pound you know i like to round up when i do my business stuff that way i don't shortchange myself it's you know if my numbers look a little smaller in the end but actually i made a little bit more you know off of my calculations i look at that as okay because i'm small enough you know i'm not doing enough work that 10 cents adds up to be 20 000 so we're gonna say that um and the powder was 13 16 a pound and i'm not including shipping in that because everybody's gonna be different on how they got their powder where they got their powder uh how much powder they bought and all that stuff so we'll just say the powder is 13 16 a pound which is it was so we'll say i use six dollars and fifty cents of powder on these on those two wheels um i left the wheels out gas in the oven for about an hour and a half plus preheating the oven so that was around two hours um and then i let the oven cool since i did the wheels i did that i did the outgassing at the end of the day and um so the next day i had to reheat the oven which takes we'll just call it 30 minutes and then the wheels cured for about 45 minutes so the oven cost for this wrap for this set of wheels is about five dollars um and keep in mind this is my cost everybody's going to be different okay so now for my total time breakdown uh we were right at 40 minutes to strip the wheels with about 15 minutes of hands-on labor for that part that's rinsing taking the wheels out rinsing [Music] putting the wheels back in to do another cycle rinse and repeat um after that i outgassed the wheels for a total of two hours of oven time uh preheating and outgassing so after that i blasted the wheels for 16 and a half minutes and that's hands-on labor of blasting and i didn't i didn't factor in like filling up the blast pot or anything like that i did tack on a little bit of time at the end for just some miscellaneous stuff but after blasting took them out blew them off i didn't count how long that took but it took me two minutes and 45 seconds to spray the wheels with the powder so i just doubled that for the prep for the blowing off part and uh and spraying and that was five and a half minutes uh last thing was to throw them in the oven which a couple seconds and they were in there for 45 minutes for two to a full cure so the total time was right at four hours for this a lot of that is standby time since my hands on labor that i calculated up was 37 minutes um so i threw in an extra 15 minutes for that just for like like i said cleaning uh loading the blast pot um you know throwing the eye bolts on the wheels real quick which that doesn't take any time at all uh cleaning the system out that takes a few minutes so i just added 15 minutes in um you know maybe give or take a little bit but i figured that was just a safe number to use so now let's get into the part that everybody wants to know if you're not powder coating is it work to get into it or if you are powder coating and how do your numbers compare if you figured it out so i charged 90 a wheel for these at 180 for the set um he came to me because some other shop i'm not sure where quoted them 110 dollars a wheel so which would have increased my profit significantly on this just two p two wheels um so at a hundred and eighty dollars a set at four hours of just total time with standby time and uh twenty dollars of total cost my profit was forty dollars an hour which doesn't sound that great um at least to me but if you had a shop full of work when you had that standby time you can be doing other things you could be working on another set of wheels you could be prepping something sandblasting stripping powdering something else you could have something else on another rack ready to go in the oven as soon as these wheels come out and you could just if you had enough flow you could just keep it going and just not stop all day at that kind of cost of 52 minutes it would have been 185 an hour profit um but obviously i didn't have an hour's worth of work so i made 160 in 52 minutes so that's something you know and they don't all turn out this good some are better than others some some you make a lot of money some you get burned on unfortunately um you need to come up with a good way to kind of gauge how you charge people but i feel like i made good money on this job but somebody else was going somebody else that he was gonna go to quoted him 110 dollars a wheel and he was okay with paying that until the guy at the shop that he took the bike to just referred me so before that i mean he was gonna spend that kind of money on these wheels and i feel like ninety dollars a wheel is i'm completely okay with that but anyways another thing that you want to keep in mind is all my equipment is paid for so i'm not calculating any of that in there so depending on your situation you might want to average some of that in there too um you know and if you're good with that kind of money and you the setup you have then put the whole 160 in your pocket but my case i'm trying to expand i'm trying to grow i want to take this to the next level and get into a shop eventually so i take the 160 and i put it in a safe spot and i'm going to reinvest it back into the business but you can do that how you want if you're doing this as a job obviously you'll need to pay yourself but since this is just a side gig for me um i don't necessarily have to have this money so i'm trying to grow it and then eventually i will be paying myself and the business and things like that and another thing is if you're doing this you know if you don't want to take any money out of your personal pocket for this you'll want to take out a little bit more of that 180 just for miscellaneous stuff towards the business um you know when things break you know parts on your oven might go out um lights in your blast or your spray booth might go out you might need new filters uh new shopvac filters new just new filters for every um your dust collector uh new tips for your sandblaster you know a lot of those things are wear and tear but since i just put all the money back into the business i don't really factor in that kind of thing which i probably should but i just where i put the money i take it back out when that when those kind of things happen so you'll want to kind of figure out you know a certain percentage or something just to put back into for wear and tear items or consumables and things like that but so that's how much i made on this was you know it would have been 185 an hour profit if i would just have which this isn't a perfect world but if i had motorcycle wheels all day long that's how much i would have made an hour on those so anyways that's all i got for that one um hope this one's a little bit better than the last time like i said i'm not putting the music on this one so everybody that complained last time uh hopefully i won't complain this time but anyways thanks for watching like subscribe and until next time

Channel: Royal Coats Powder Coating

Views: 23,428

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Id: jcmIGLCbBfE

Length: 17min 3sec (1023 seconds)

Published: Mon Apr 18 2022