Due diligence is the process of going through the current owner’s books with a fine-tooth comb to verify inventory information, sales data, average ticket price, and every other aspect of the business. Doing all this yourself is difficult and time-consuming, so you’ll probably want to involve accountants and lawyers to ensure that you cross all the t’s and dot all the i’s. A big red flag to watch out for here is how intertwined the current owner’s personal expenses are with the business accounts — this can obscure the genuine flow of cash in and cash out of the business. The purchase price of an existing business is often calculated as three to five times the net annual revenue, so you’ll want to take that figure into account before you make an offer.
Table mounted routers, planers and shapers are another machine that usually has material fed through, and although they are fairly narrow machines, they require room on their front for material to be fed from, and at the rear for the material to be removed after the work is complete, so again, a space of about ten feet is needed for any significant work.
If you have the available time, taking your DIY campervan for a test run (or two) is a great way to identify any problems while you still have access to tools, package deliveries, and a place to work. There’s just a lot that you can’t foresee until you live in your van. Taking it out for some short trips throughout your build will help you understand how you’ll actually use your new living space, what’s necessary, and what’s not.
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You can buy full solar kits that have all the components you’ll need except for the batteries and inverter. Kits come sized as small as 100 watts (one panel) and as large as 400 watts (four panels). Whatever you go with, we highly suggest getting an MPPT charge controller, which are a little more expensive but much more efficient than PWM charge controllers.
My contention has always been that you can build a serviceable shop in your home, develop your hand skills, and make fine furniture. In the past year, I had an opportunity to build a shop from the ground up after moving to a new home. I found a house with an unfinished basement, and set to work. In this article, I will discuss everything from layout, to electrical, to equipment selection. I intend to name names with respect to equipment, so that readers will know what I chose. Everyone’s budget will be different, but I think almost everyone will be able to treat this as a starting point, and adjust accordingly, depending on their own budget.
Once you’ve planned the basic layout of your workshop and have added all the tools and speciality appliances you need, take a last look at the overall design to make it aesthetically pleasing. Add overhead lighting for general illumination and task lighting over your work stations so you can see your project clearly. For maximum flexibility, you can mount clip-on work lights to nearby shelves and point them where you need them, knowing you’ll be able to move them about as required for different projects.
In a small store, these are usually one and the same. In stores where customers don’t shop with baskets, Lesley recommends having a checkout counter large enough to hold products as customers continue shopping. Remember, empty hands pick up more products, and that leads to more sales. Also, make sure checkout counters are large enough to handle the checkout process efficiently and allow space for customers to set down a handbag.
Another option to consider is an expensive but efficient Festool dust extractor. These dust extractors are designed to work with other Festool tools, but they also match up with most other brands' compact power tools as well. A nice thing about Festool's vacs is that the hoses dock neatly inside the units. There's almost nothing I value more for a compact shop than self-contained storage.
MPG: I'm going to be blunt and tell you that you're not going to find a campervan -- no matter how new or expensive -- that has great gas mileage. When you're driving your home, the miles per gallon are going to be lower than with a typical car. But it's good to ask the previous owner what type of mileage they were getting so you have an idea of what to expect. As a benchmark, our 1994 Chevy G20 got between 15 - 18 miles per gallon. Certainly not great, but there are worse out there.
Other important power tools—A good jigsaw will help get you through many tasks, particularly cutting curves, that would otherwise require a bandsaw. Look for one with blade guides that keep blade deflection to a minimum. A handheld drill is also essential. A quality corded drill is much less expensive than a cordless one, and will never leave you without a charge. Also look for a quality random-orbit sander with a provision for dust collection.
First, let's dump that hand powered saw/miter box. It gets the job done, but it takes forever. We're still on a lean budget, but shelling out ~$110 for a 10 inch electric miter saw makes a lot of sense. This won't be your forever saw, but it should do fine for most projects. It can handle up to a 4x6 stock which will cover 99% of what a beginning wood worker will throw at it.