QUOTE(The Metal Surgeon @ Nov 22 2014, 04:12 AM)
thanks guys for the kind words.Yes we are $67 per hour plus materials.
We are cheaper than most and some people say we are too cheap (hope that doesn't put people off).However i am grateful people /customers are in a position to have cars restored because as we know its not cheap,so im happy at a our lower rate.
It's difficult to know where to pitch rates and the resulting trajectory. Yours is comparable to the guy that did my 911 who was equally skilled (a rare talent and beautiful thing to behold BTW). He was constantly busy with only restoration work, not too stressed and had 2 skilled guys helping (one of whom was principally a painter) and a part time trainee who was also in technical college doing basic stuff.
Due to the quality of the workmanship he built a fantastic reputation. 6 years down the line he's taken on more staff, has a bigger shop and has a bigger overheads / more mouths to kept fed. From what I hear and seen in the shop the rates are top dollar to keep stoking the boiler. Quality is still good, but not what it once was, there are more complaints & Terry is much much less hands on due to managing the business, staff etc
The way I see it is they are now trading partly on the past glories and sooner or later it's going to catch him out. I have already decided my -6 will not be going there, principally because I think the quality of workmanship is not worth the rate they are now charging.
I want it done right and as you say that takes 100's of hours. Personally I would rather take it somewhere where I know that when I get the call saying we have found X, do you want to do Y or Z? My 1st thought is what is the right thing to do and not that Y is 8 hours less than the other. As we all know its rare that you don't get lots of those calls and all those hours add up
If you are happy with the quantity of work coming through the door & it's the kind of work that keeps you interested every day, not totally stressed out with managing the business and the family well feed then stick with it. I think lot of highly skilled people start like you and without realise it end up in the position above, they are not really earning that much more personally & have much more hassle in their life