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Profit from Passion?(4 posts)

Profit from Passion?tronracer
Jun 24, 2003 5:08 AM
Yeah I love bikes. So do you. So this is what I do for fun sometimes. I saw this bike at a yard sale for $15. I only had $8 and the seller was nice enough to take it.

It looked like the owner hardly rode it and let it collect rust and grime in the garage. It was filthy, rusty, broken brake levers, ruined bar tape, and had flat tires, but I saw potential. It needed some TLC. This shot is after scrubbing with a compound mixture of Simple Green and elbow grease, new bar tape, a replaced freewheel, replacement of broken levers w/ 105, pumped tires (actually still holding air), and new cables and housing.



Total investment:


$8 bike


$7 suntour freewheel remover


$5 bar tape



It's a 47cm. Surprisingly it turned out better than I thought it would. It has hardly any rust at all and the paint job is immaculate for how dirty it was.
So I figure I could get at least $200 for it.
I don't think it would fetch more as a fixie. What do you think?

Maybe, but you should include...rwbadley
Jun 24, 2003 6:12 AM
your time to clean it, the freewheel, the levers, the cables and housing, and the air you put in the tires! ;-)

Even if you had this stuff lying around, it still needs to be factored as overhead on repair of the bike.

Depending on your market conditions and method of sale, you will need to assess if the $125 you have into it will cover the $75 you may be able to sell it for.

Business is business... ;-)

RW
You think I could only get $75 for it????tronracer
Jun 24, 2003 7:06 AM
It's basically a new build and runs smooth as could be. It didn't take that long for me to clean and repair...a few hours. I got the levers and cassette from an older DeRosa I used to have which I bought, rode it for a year, and then sold it for a profit.

No way I have $125 into this bike.

And my bike is better than this one
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=3614800794&category=7298
Wow, you're right. I better start checkin' out the sales! nmrwbadley
Jun 24, 2003 7:31 PM