Stringing Machine Costs Forecast

Discussion in 'Stringing Techniques / Stringing Machines' started by 156MPHserve, Aug 24, 2005.

  1. 156MPHserve

    156MPHserve Professional

    Joined:
    Jul 28, 2005
    Messages:
    1,076
    Hey guys, you all know I'm getting a stringing machine, of course I don't buy a machine to make money or expect to save a load. In fact I thought if I even break even, I've got a machine here for my convenience and can also be sold at anytime for a good amount of money. So breaking even is a gain. However, regardless of the results, I'd still like to keep track of how this machine has affected me economically. I decided to do a forecast of all my costs. Obviously not everything will go according to plan. All prices are compared to ProShops I use for stringing. I have gotten all the prices very recently, you may PM me for the sources. Also this model would assume that every penny I make from sales would be stuffed into a can never to be opened. All prices have been converted from US to Canadian, sorry for any inconveniences. Here it is:

    Machine
    - Laserfibre MS200TT ECO - $540
    - Shipping - $70
    $ 610.00

    Strings
    - BG65 x 5 = $30
    - BG66 x 5 = $31.5
    - BG85 x 5 = $36
    - Hi-Qua B-696 = $42.5
    - Babolat Super Fine Play 17 = $50

    $ 190.00 (w/o shipping)

    Tools
    - Starting Clamp = $42
    - Alpha Flying Clamp x 2 = $48
    - Straight Awl = $3.5
    - Curved Awl = $3.5
    - Badminton Awl = $2
    - Setting Off Awl = $3.5
    - String Mover = $7.50

    $ 110.00 (w/o shipping)
    ----------------------------------

    Full Cost -$ 910.00

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    ----------------------------------

    Strings

    Badminton:
    BG65 - $6.00 - 5 peices
    BG66 - $6.75 - 5 peices
    BG85 - $7.25 - 5 peices

    B-696 - $0.90 - 50+ peices

    Tennis:

    Babolat SFP 17 - $2.80 - 18+ peices
    Laserfibre Classic - Free - 12 peices

    Labour = 9 dollars for B-696
    = 7 dollars for BG65
    = 10 dollars for BG66
    = 12 dollars for BG85
    = 17 dollars for SFP 17
    = 25 dollars for LF Classic

    Badminton labour = $595
    Tennis labour = $606
    ----------------------------------

    Gross Profit = 1236

    ----------------------------------
    ----------------------------------

    Net Income - $292 (Enough to get myself fixed clamps upgrade)

    *Uncalculated Losses - Some close friends will get some freebies from me
    - Not all strings will get sold
    - Uncalculated shipping
    - Might break somebody's racquet ><"



    *Bonuses - Saving $18 everytime string BG85 for self instead of $12 labour
    - Saving $16 everytime string BG66 for self instead of $10 labour
    - Saving at least 30 dollars everytime string tennis for self (cheapest stringjob $32)
    - Save time and gas money for restringing (especially with gas in 95 - 102 cents range)
    - Ability to try new/interesting strings for cheapest price possible
    - Convenience (Want new strings? You're not wasting $32 dollars, more like $3!)
    - Experience and satisfaction of being a stringer - priceless
     
    #1
  2. 156MPHserve

    156MPHserve Professional

    Joined:
    Jul 28, 2005
    Messages:
    1,076
    I'm also going to try VERY hard to keep a basic accounting system for the machine. At least until my break even point.

    Basically each time it is strung I will write down the cost of supplies used, and the money recieved. I think it'll be interesting to see how reality compares to my forecast.



    Also if you guys would like to do your own forecast and you'd like to use my model and just edit it to your own needs, feel very free to. I'm interested in what figures you guys come up with as well.
     
    #2

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