S & J Trading

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Posts posted by S & J Trading

  3. Posted

    On 6/10/2020 at 3:38 PM, Stashio said:

    I've had a few LTD's when I was an IT contractor so it's more familiar to me but ultimately it's about security - should something go wrong the liability is on the company and not me personally. Obviously the plan is for nothing to go wrong but as they say 'plan for the worst and hope for the best'.

    I'd be interested to know why people wouldn't go LTD, are you a sole trader?

    Hi Stashio, we've just set up a partnership as opposed to a LTD on the advice of our accountant, the days of limited liability have gone, someone within the company still has to be responsible for dept. The fact you have a workshop and a bit of storage is good start. If you handy with the spanners great, just take on stuff with minor jobs to be done or you end up bogged down, and when you have calculated the amount of time youve put in you wont have made much.  Good luck, theres some good fun and a living to be had!

     

     

  4. Posted

    Hi Guys, firstly thanks for the help and advice given so far, it is appreciated!!

    OK, so as we get closer to moving in to our new unit I am considering getting into offering finance, any advice or recommendations would be welcome?

    The premises will take 15 vehicles inside and 7 outside. At the minute we stock vehicles that retail up to £4500, as we grow this will grow with us. Due to the area advertising will be done on line and visits to the unit will be by appointment only.

    TIA, Steve

     

  5. Posted

    26 minutes ago, New year revolutions...... said:

    be sure to take a very good video and stills of all aspects of your unit unless it's a full upkeep by the landlord lease (highly unlikely)

    also make a copy of the leasehold agreement and cloud it so you have it forever

    I've no idea what kind of unit you are renting but normally once you move in responsibility moves to you so make sure of things like roof leaks responsibility for electricity etc

    finally let the council know as soon as you move in because I know one girlz lost £10,0000 grant money because of this

    theres been a spate of burglaries where my business is,its all small time but none of it helps make sure you put your worst car up to the shutter door every night so they cant prise it open by backing into it

    any more help we will all help you

    good luck

    Thanks for the advice, all in hand.. it is a full repair lease but not planning any changes. Got a good deal on the rent and squeezed 3 month rent free period out of them. Looking into a new business grant but our local council are skint. No rates to pay as its considered a deprived area.

    As my back ground is security systems I'll be giving it my best. All our advertising is on line visits to the unit will be by appointment and there will not be much signage. Where this is you really dont want passing trade lol.

    Thanks for all the help. I like it here :)

    • Like 1

  6. Posted

    1 hour ago, justina3 said:

    Welcome and good on you, by all accounts the world is ending soon got to love a little bit of British backbone, you didnt give the vital bit of info as regards what you stock vehicle wise, cap is handy if you selling odd ball kit with expensive oe upgrades if your into bread and butter such as we do year in year out i could tell you each model in stock where the prices range from and to so its pointless.

    Let us know how the new unit goes for you. 

     

    Thanks for the response, TBH its bread and butter stuff so I generally do Autotrader comparisons.  As my business partner keeps saying "Its a bloody minefield"

  8. Posted

    Hi Guys, decided that this needs to get serious and am just about to sign for a small unit (15 cars inside) all sums, risk calcs and new business plan are all done.

    I just need a bit of advice..

    At the minute I buy vehicle checks from Autotrader but wonder if there is a better way?

    Is subscribing to CAP worth it anymore?

    Thank in advance

    Steve

  10. Posted

    Thanks Guys

    Started in November doing ok until the lockdown. Had 6 weeks off but just started buying cheapies 1-2k and managed to move them. I think next year is going to be the test!

    Steve

  11. Posted

    Hi Guys, Just to introduce myself..

    We are a new small independent Trader in the Midlands. Will be dropping by occasionally to pick your brains.

    Hope business is being kind to you all.

    Regards, Steve

    • Like 1