Boom Boom Apathy
I am the Professor. Deal with it!
- Sep 6, 2006
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Flee Market Flip.
I meant to comment on this earlier. That market is pretty low margin right now because there are literally 1000s of people (I find it's mostly women, many are stay at home moms) that paint furniture. They scour yard sales, thrift stores, estate sales, etc.. and buy up pieces, paint them and flip them. The business model is to do as little repair as possible, just get them painted and sold quickly. Chip and Joanna Gaines have created a seemingly endless market for that style of furniture.
The dresser I just re-did, they would not have taken the time to sand it, fix the veneer, stain, etc... they would have used bondo to fix any chips, cleaned it up, painted it and flipped it. I've talked to two people who make a living (and now have stores) doing this. One is in South Carolina and one here in NC. Both of them commented that they won't make any money if they don't get the furniture in and out quickly or if they have to do much more than just paint it. The one in SC now goes to estate sales all over the east coast, even as far north as PA.
I'm not knocking that business model, just saying that it's a low margin business and profits have to come from quick turn around time and high volume.
I wouldn't make much money refurbishing things as I'd do it the same way I did this dresser. I don't need to make a living off of it though. The other side, building custom woodworking projects, is a different story. I've only done work for friends and family so far, for free. I've easily turned away a dozen projects from other people as I'm not ready to go into business. From live edge shelves, tables, built-ins, benches, bars, etc... People are moving into this area and have the disposable income to pay for custom stuff.