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Updated information on moulding/trim business needed11/22
My husband and I are looking to begin our custom moulding business. We are in the process of purchasing about 10k of equipment, 2 718 wood masters + dual dust collection and we already have all of the other equipment needed. We plan on keeping our full time jobs until he's able to make this a viable business. We live near Seattle and have a lot of older homes that are being able renovated and I am hoping to be able to make many connections with contractors as I am a field claims adjuster for a large insurance company. I am pretty versed in business ONLY in terms of reading from books... I need advise from real people that have done this before. I have read EVERY single possible blog, forum, comments etc. the good the bad and the ugly on opening a Moulding business.
I am prepared for times to be hard, hence why this is part time. My only concern at this point is our business is recouping the money for he machines... obviously I want to make a profit but I am prepared to give it my all and make this a long term family business.
MY FIRST QUESTION IS:
I realize waste will be different for each project and I'll learn that over time...
Please know that we are looking to do specialty projects... archs, coffers, very detailed mouldings, short runs etc.
Main woods, pine, poplar, cedar, maple and others... I am still trying to find some good mills to get finished lumber from... looking on Craigslist for some deals too..
Next question is... how do YOU approach the advertising portion? Do you just call a contractor? I feel like they may be too busy to care? I'm not worried about being able to create quality im worried about actually selling it! No negative "you can't do it" needed.... we have made the decision to start this business. We need words of wisdom from successful people, words or caution on things to look out for, be careful of etc...
The most recent post I have seen is from 2011! The economy has changed in the last ~6 years and I want to know what's up now!
Thanks so much!
Just to put things in perspective. When I opened our business and had success I was able to pay for the initial equipment reasonably quickly. I was also not able to draw a paycheck working full time, harder than I ever had in my life for 3 years. If you are lucky enough to grow the growth will eat the profits.
A woodmaster is not exactly a commercial machine. It is slow and limited in what it can do. The people in the market that make moldings are generally old companies that are established and very competent. They will be hard to compete with.
I would get a molding sample of a historic molding and get it priced out by your potential competition. You could see how they bill and see if your plan is financially feasible. Keep in mind the price you get will likely be retail not wholesale which you would be selling at. I would also find a cabinet shop and try and establish a relationship with them. You could get some idea of what molding goes for in your market and see if there is already a local short run supplier.
Find a local industrial equipment supplier. They can be a very valuable source of information. They know all the players in the market. They can direct you to lumber sources and help you with equipment and general knowledge.
A scary question you asked was how long knives last. You know they can be sharpened correct?
You need to find a knife maker / sharpener. In the beginning I assume you would sub that work out. As you progress you would need sharpening equipment. Good used sharpening equipment will cost more than the two molders combined.
Your goal to do short run moldings is a good one but how much work is there that you can capture? Is there a conflict of interest looking for work using your existing job as a conduit? You could lose your job.
Finally you mention dust collection, making molding generates a significant amount of shavings. Not a garbage bag but dumpsters full. Do you have a dust collector with enough chip storage capacity so you don't have to empty it every 20 minutes?
I don't mean to discourage you but the internet will not give you all the answers.
I too do not want to be only negative. But as 'helping hand' stated. The wood master is not going to produce the type of quality a contractor is going to be looking for.
The only way a small outfit starting up like your self can begin to understand your pricing is to estimate a job.
"Ok this customer wants 200 LF of a casing....I need to order x amount of wood. It will take me x amount of hours to set up, mill and machine this wood. It will take me x amount of time to clean up the shavings and wrap the products up."
You will need to know what your time is worth...what your overheads are.
I am on the east coast. All of the companies supplying mouldings are also the suppliers of the lumber. They have their costs zeroed in to pennies.
I believe your new company could work...I know you are going to struggle for longer than you may expect. But as someone trying to help you....I am more worried about your knowledge/ experience. I can tell you right now that even for starting out....a woodmaster is the wrong machine .
Advertising , drive around the construction sites....hand out samples and business cards. If you are able to come across as if you know what your talking about, you will very quickly be given jobs to bid.
Do you know CAD? How are you going to draw your profiles so that your knife supplier can cut the knives for you? Yes you can send them a sample piece...but this takes time and costs money.
I truly wish you the best of luck....but honestly feel from the information supplied in your post that you are not ready for this endeavor.
FYI. I am a 12,000 sq. ft. shop. We have heavy duty machinery and 5 head moulders. Architects and builders come to us frequently for short runs of custom mouldings. But we cannot compete with the big boys. We take on the job and either break even or at a loss in hopes we will get some of the bigger millwork on their projects....kitchens...doors radius work...etc.
Only thing I'd add is looking into sourcing your lumber s4s. As mentioned, processing rough stock generates a ton of chips and is time consuming. If you don't have a lot of experience, good machinery and adequate dust collection, the additional cost of buying dimensioned lumber can be cheaper than processing rough stock yourself.
You'll probably find as many opinions on which equipment to start with as there are posters on this forum.
Here are a couple to look at that have been standards in many small woodworking shops for decades.
These are pretty much entry level machines that are priced under $10K well outfitted with knives and accessories.
I would strongly suggest that you take time to attend a real professional contractor's or woodworkers show to see the kinds of machines the mid sized and big shops use, to find vendors to supply your fledgling business and to perhaps make connections with others who are either in the short run molding business or are your potential customers.
One of the big shows is Design and Construction Week in Orlando Jan 10-12 and another coming up next year is AWFS in Las Vegas in July.
Here are links:
Best wishes in your new endeavor.
Down the page on the left is a used Micron molder. There is also a brand called US concepts. We use a US concepts to do curved and straight work. It is a step up from others that are similar.
What made you choose this type of business?
I understand the pricing questions, but the practical knowledge of the type of business you are asking are scary to me.
I operate in your market area. I can think of ten related businesses that could be money making operations so much quicker and have a better chance of success than this one.
However, If your committed to this and there is no talking it out of you then you need to understand what your margins will be. I've been in your market for 13 years. Our standard fare is doing million and multi million dollars homes. Once in that timeframe I have had the need of something custom run like this, but it had to be done on a CNC machine. You are likely to be dealing with short runs and one off projects- in other words you have to be the people that everyone knows they need to call as you will have to pull from A LOT of architects, designers, cabinetmakers and contractors. You initial and continuing marketing budget will be ten times what your machine costs will be to even have a chance at keeping the doors open a year. And if you suceed at actually doing that, a truly tall order, you will have to pull off nearly operational perfection and efficiency in order to make money.
If you want to know the top three wood related jobs our area needs I will be happy to tell you but I'm afraid if you keep with this you are in for heartache.
I really appreciate all of the information from everyone. I am not the knowledge base on the subject, only the business side. My husband is the handy one. We are not set on this because we are new to entrepreneurship and we are looking for something my husband can learn & create an awesome business for him to build over the years. We are mid 20's.
I would love to know what other suggestions you have to make a good marketable business from home!
While a woodmaster might not be a truly industrial machine i can speak from experience that they are a great company to work with. I have had one of their 50" drum sanders for 12 years and it has been nothing but reliable for the volume we put through it. It produces a good finish for what it is. Im sure their moulders are of similar quality, they stand behind their product and have a great warranty. They also make large dust collectors that are reasonably priced. I would suggest meeting with some owners who have these moulders and see what they have to say. It may be just what you are looking for... Or not. You will need to get in touch with a good knife making/sharpening service. Longevity of knives will depned on many factors such as wood species, feed rates, depth of cut, and quality of steel used for making the knives ect... For curved mouldings you would probably want a Williams and Hussey (sp?) moulder. If you dont have extra hands or heavy machinery ordering your lumber s4s will save a lot of pre milling and chip collection. I can not speak for the business aspect of this however
Do not over think things. Business is simple.
Questions like how many lineal feet are you getting from your blades is silly until you know what you are getting. And then it is only good as a comparison but still does not tell you what you should get.
Having another source of income allows you to make more mistakes then someone that needs to make it work before the money runs out. Just jump in. If the water is too cold get out fast and try a different pond.