MUST SEE: Matt Farah's MEGA Collector Car Storage
HTML-код
- Опубликовано: 23 апр 2019
- As most of you know, Matt and I have been friends since we were in 7th grade and have been fanatical about cars for the last 30 + years. However, for the past 5 years, Matt has been building his dream car business is LA called: Westside Collector Car Storage. This building will hold 150+ vehicles, full detailing, concierge service, customer lounge, whiskey lockers, etc..and house his offices and Smoking Tire Podcast Studio. On a personal note, I'm so happy to see Matt build his dream, get married to a wonderful person, and become so knowledgeable not only about cars....but even more so about laws, building codes, profitability, and the massive scheduling/planning necessary to build such a huge warehouse. He has really become a powerful businessman and I'm excited to watch his future successes.
(Much the same as with Kevin Brown, Derek Bemis, Jason Rose, Mike Musto, and Jonathan Adler...I have the utmost respect for Matt Farah as not only and expert in his field, but as a loyal friend. So please leave respectful comments or questions. )
If you’re a car fanatic like me, click the link below to be notified of my latest AMMO videos, products, podcasts, website promo’s and to take our quick Detailing Survey!
eepurl.com/dOZ6yb
AMMO Formulas used in this video:
www.ammonyc.com/
Recommended products and tools approved by AMMO NYC:
Grit Guard & Washboard amzn.to/34d66m4
Stanley FatMax amzn.to/2Pr0iRM
Rupes Paint Light amzn.to/2JxzGuD
Clay Bar amzn.to/2NmWkXP
Wash Mitt amzn.to/330wYWc
Invisible Glass amzn.to/2PrCNrN
Megs D300 amzn.to/2BUnXSQ
Foam Applicator Pads amzn.to/2MVU7U6
Foam Gun amzn.to/2PEgNub
Wheel Woolies amzn.to/32YhGBx
Tar Remover amzn.to/2pYK6ga
Tire Gel Applicator amzn.to/2MVcf0o
Festool Vacuum amzn.to/31Vv6wN
Milwaukee Packout amzn.to/32VthkE
Milwaukee 1/2 in Impact amzn.to/32X8gWF
Milwaukee Wireless Spkr amzn.to/34bv2KL
Milwaukee LED Light amzn.to/2MUaCjD
Milwaukee M-Spector 360 Console amzn.to/31TDmxm
Milwaukee Fan amzn.to/2peO9VE
Milwaukee Rapid Charge amzn.to/2Wp2UB7
Festool Vacuum Crevice amzn.to/34benXD
Rupes Polisher 21 amzn.to/2NisKCQ
Rupes Polisher 3-in. amzn.to/2Wnl9Hj
Megs Foam Polishing Disc 6" amzn.to/2PqILJD
Megs Foam Cutting Disc 6" amzn.to/2MXPbOT
Rupes Bag amzn.to/2PulLcw
Positector Paint Depth Gauge amzn.to/2JwqOpf
Mercury Spray Bottle amzn.to/2PrFRnN
Masterblaster amzn.to/2C4Rt8F
CR Spotless Water Filter amzn.to/31Y7DuW
Megs MF finish 3" amzn.to/2N04Ugp
Megs MF finish 5" amzn.to/2Pulq9L
Megs MF finish 6" amzn.to/2q1TO19
Megs MF cutting 3" amzn.to/2BTDSAY
Megs MF cutting 5" amzn.to/2Nju1tk
Megs MF cutting 6" amzn.to/2q1TX4H
Black Wow amzn.to/2PtG4XH
Megs M205 amzn.to/2JwrNpr
Megs M105 amzn.to/2Ps31dS
RoboReel amzn.to/2Pud6qP
Steam Machine VX5000 amzn.to/368WBGm
Elcometer Paint Depth amzn.to/2NkP52A
Scangrip I-view amzn.to/2BWIN3K
Scangrip D-Match 2 amzn.to/2q1VU1b
Gorilla Gloves amzn.to/36k2ZLg
Long-handled Window Scrubber amzn.to/2JyxZgJ
Loew-Cornell Fine line painting pen amzn.to/2JMhPAz
Fight Tech Dust Mask amzn.to/34bPZVR
Carpet Brushes amzn.to/2qQiWIx
Subscribe to AMMO NYC for clean cars: ruclips.net/user/subscription_c...
Facebook: / ammonyc
Instagram: / ammonyc
For more product info: www.ammonyc.com/
AMMO NYC Channel Home Page: / ammonycdotcom
If this video was helpful, please give us a THUMBS UP!
Disclaimer:
Due to factors beyond the control of AMMO NYC, Larry Kosilla, and Make Rain Productions, we cannot guarantee against improper use or unauthorized modifications of this information. AMMO NYC, Larry Kosilla, and Make Rain Productions assumes no liability for property damage or injury incurred as a result of any of the information contained in this video. Use this information at your own risk. AMMO NYC, Larry Kosilla, and Make Rain Productions recommends safe practices when working on vehicles and or with tools seen or implied in this video. Due to factors beyond the control of AMMO NYC, Larry Kosilla, and Make Rain Productions, no information contained in this video shall create any expressed or implied warranty or guarantee of any particular result. Any injury, damage, or loss that may result from improper use of these tools, equipment, or from the information contained in this video is the sole responsibility of the user and not AMMO NYC, Larry Kosilla, nor Make Rain Productions. Video and Content are owned by Make Rain Productions © 2021 
Авто/Мото
You should definitely make a revisit video once this is completely done!
Yes, also shoot a revisit after the major earthquake thats coming.
@@jeffk464 Hahahaha! Arizona Bay.
he must come back
@@jeffk464 WTF!! hey can you tell me some lottery numbers.
lol it's kinda cool seeing matt geek out over this.
TheFiremonkeyman super cool for sure @thesmokingtire
You can tell he is enthusiastic about it. It's cool seeing two high school friends who got successful doing what they like for a living.
@Shewasa Fosho I don't think his dad is ultra rich, from what I've gathered, and Matt admitted that it helped. At least he did something with that, a lot of people in that position would just try to live off his parents.
@Shewasa Fosho I agree if I was handed a gist full of cash I could also make a cool ass business!! MR JWW on you tube is the exact same!! He runs all over the world reviewing cars and buying the likes of Ferrari TDFs etc and it's all with daddy's money. That's OK I suppose but don't seek respect and pretend you started your business off with $500 in your pocket!
@@jonathangalloway6796 yeah yeah yeah....Warren buffets daughter put herself in the hole for $10mil+ trading options. Just because you come from money doesn't guarantee you shit and as long as you imagine that you won't be getting there either. Just sayin. Don't hate, congratulate because you have no idea about the troubles people have in their lives.
You gonna set up AMMOLA in his facility and offer on-site detailing?
2:27 Damn that was close.
Damn Porsche drivers!
haha, I thought the same thing
no blinker even.
Lol guys looking at a 3D animation and are bothered for a crash 😄 Iv been doing 3D for years, and can tell u guys they need Collision Detection to even be able to get em programmed to be "crashable" in 3D LOL... If u dont have that in 3D, it will just float straight through the object... 👍 😄 👍
hahahaha!!
If anyone is thinking of development in California take note Matt had a full head and beard of jet black hair a year ago when he started the permits for this .
... No he didn't.
Aman Yimmesghen Its a joke bro . They are making this poor dude jump through every hoop imaginable
Yah! This is basic... Imagine if you build a skyscraper or something else big that is getting built like gangbusters here. Because we have engineers and architects that can do it better than anyone in the world.
Von_Nightmare_ Luciferian certainly not stopping anyone from moving here though lol
I remember this.. LOL Been a long time coming.
So amazing to see Matt's dream coming true. This might be one of the most over-engineered buildings around... which is perfect if you're holding millions of dollars of other people's cars. Can't wait to see it finished.
Matt probably laughed at the explosion at Durham Porsche Collection
Its not over engineered solely for the cars. Regulations in california are insane. So much red tape to cut through.
TheHardcoreLife sounds like it after that rain water filter system bullshit. That is probably a $40 million dollar building. And $500,000 in taxes per year.
drum2dis wow really dude? He may of come from a well off family but they didn't make him who he is today because of it. He was able to go to the best college to get his masters/degree in photography....which he admits is useless. His where he is today because of his hustle.
Chuck Beef There’s no way it’s even close to $40mil. How did you get to that number?
Congratulations Matt for making a dream come true. Another great video Larry, keep up the amazing work
It's weird that this video is more in depth than anything Matt seems to have shown so far lol can't wait to see the finished product!
Edward Edwards yeah literally. Matt, I’ve met you in person, and I know you’ll read this but please more videos on the Countach and fun little details on this project.
Edward Edwards I was just thinking the same.. (not weird) if so then my weird too lol
Kind of interested in the money to be made here. There are going to be some numbers left out and estimated because we aren't sure what the financing arrangements are at. Let's assume maximum occupancy of all available quads and tandems. 30 tandems at what is assumed to be $2000 a month and 18 quads at the $3000 rate he provided in the video. There are also 15 valet spots which we'll assume are $100 a day.
12(30*2000) - $720000
12(18*3000) - $648000
365(15*100) - $547500
Best case scenario he makes - $1,915,500 a year off the property.
As for expenses this is where it gets dicey because we are assuming the property value and cost of financing (if financed).
First, let's assume the property is worth an estimated 16,500,000 on a $1250/sq ft valuation of the buildings around the area. So yearly property taxes from what I can tell are 1.25% per $1000. Then you have staffing, which I assume to be are security 24/7, valets 24/7 and management. That will not be cheap. Let's assume valet will be paid $15 an hour (got to love that minimum wage in CA). You'll need 2-3 valets at all times depending on volume. You'll need 3 managers assuming Matt works on site to split the hours of being open 24 hours a day. You'll also need maybe 2 guys running security at all times, which I assume will be outsourced to a business like securitas or something.
Security: 365 days at $250 a day - $91500
Valets: 2.5 persons working on average at any given hour of the day 365(3(24*15)) - $394200
Property Tax: 1.25% of 16.5M - 206250
Water: $2000 a month seems a fair estimate because they'll be washing cars and use of restrooms. $24000
Electricity: $15000 a month x12 - $180000 (It's a 13200 sq ft building that will need power running to lifts, gates and elevators as well as the lighting inside and outside running all day long.
Management: Average manager salary is $60000 and you'll have 3 so I assume that will be $180,000 a year
Payroll expenses: Businesses are required to match FICA of 6.2% Valets and Management are part of payroll 6.25(180000+394200) security is outsourced so no FICA match - $35600.4
Interest on financing - I'm assuming he's getting a loan to build this out and let's assume its a 10M dollar loan. Construction loans are generally subject to much steeper interest rates than your standard mortgage. I assume he's in a rush to build this out to refinance the terms of the loan when the property is done to get a much lower rate since the property will be served as collateral and therefore a secured loan. Anyway let's assume after refinancing he will secure 6% at 10M. He'll be paying roughly $60K a month or $720K a year. Let's add up the expenses.
Mortgage Payment/Financing - $720000
FICA - $35600
Property Tax - $206250
Security - $91500
Valets - $394200
Management - $180000
Electricity - $180000
Water - $24000
There are other expenses, but this is a crude and quickly drawn up. $1,740,050
Best case scenario he clears over 200K. Not a bad gig for a small business best of luck.
Wow, you went deep on this. Well done
r/theydidthemath
Wow, I had to comment. You spent the time coming up with the numbers. Impressive. I felt an onset of depression just imagining myself being in Matt's shoes. He's a smart fellow and obviously did his research, but I can see the masochism in his endeavor. Passion is the anesthetic of reality.
Peace! 🙏
Very impressive and very thorough in concept and design. He has obviously done an extraordinary amount of research to design this facility. Having been involved in construction work for over 30 yrs, I know he is spot on in his detailed descriptions of how things are done to construct a building like this. Thanks for sharing.
Will it make money?
Started following Matt with the C5 corvette detailing videos. From there, I found Larry. Been buying Ammo NYC products ever since. Should be getting Spit and towells in the mail today!!
Same story!
You guys have come a long way since your little shop in Harrison. Congratulations to you both!
Wonder what they would say if you talked to them back then about what each has now...
I love all the bad ass cars driving around in traffic lmao
As a civil engineer, I enjoyed how excited Matt got over concrete and steel work lol!
1 man with a big building + 1 man in shock.
Imagine having the stress of building this massive, complicated facility, all the money wrapped up in it, while you are planning your wedding. Matt needs to change his name to Dr. Cool.
Unbelievable!!! Concrete 36” thick. I half expected Matt to start quoting MPa of the pour. He’s one enthusiastic dude. This has just become my #1 teaching tool for my Engineering classes on Composite MaterIals and Concrete. By the way, what MPa did they use for the pours on that downstairs roof, especially the 36” sections
Farah must have sold a lot of coffee lately...
Coffee and Chassis
-Needs outlets at each parking space for battery tenders.
-Don’t forget the Park right flat free tire ramps
Do you actually think that has been ignored?
I love how excited Matt is for this. I’ve been wondering what he was up to after stopping doing one takes.
Wow, location is everything and he nailed it! Great job on the computer animation, that helped visualize the concept.
.... and your first client is Jay Leno. ❌GARAGE FULL❌
This would fit like a quarter of Jay's collection lol
Only jays modern cars could go in the racks, you ain't getting no 5ton Duesenberg on there
this is really cool and farah is soo stoked about it..
I love that Matt has totally nerded out on the real estate aspects of this business venture. I've never seen someone more excited to explain why they HAVE to have an elevator on a commercial property with more than one floor.
So cool to see this happening, Matt was telling me about it last summer when over here in the UK. At the time he had the whole build in his head and now seeing it in reality plus how stoked and energised he is about the project is just great.
Wow! That's amazing, I live in California, I'm familiar with building codes, this must cost a fortune! California and their over regulations, my hats off to entrepreneurs especially in california, thanks larry, I'd love to see the business when It's done
Matt and that same ole rugby zip up...Rumor has it that he wore this exact outfit to his wedding.
That place is Rad! The hidden LED lights on the wall idea is smart.
What a stunning idea and movement to implementation of the car storage!
Makes my 4 car garage look like a cardboard box!
Makes my 1 car drive look like a drawing
Makes my 1 car garage look like a cereal box
im loving his excitement. Ive been watching matts videos for years and the best part is watching someon's dream come true. Im hoping one day to be able to build my own company restoring and modifiying cars and a dream collection of my own. Its been a treat to watch someone else do something similar.
Finnish elevator! Good choice Matt! :) Greetings from Finland!
Grreettiinngs
That yellow porsche almost clipped that beemer @2:26 . What a jerk!
Colin Cady lmfao
I wonder what the construction cost for a single parking spot is for this project. It'd be interesting to know which is more costly: the parked supercar, or the parking spot itself?
The building cost 10 million to build so if you're doing a break down just on the 155 parking spaces then it comes to $64, 516 per space.
After some quick maths of the prices quoted, wow! That’s some serious income. Good on you Matt, fair play!
This is a crazy project.. can't believe Farah is making this thing a reality Lol.. that's awesome, can't wait to see it finished.
OOOHhhh my God!! So proud of you Matt. This is just so great and simply amazing!!
I love how Matt knows like everything about this project. I can't imagine the amount of time it takes to design and build something like this, that he could have just left to someone else.
The concrete is so beautiful, it brings a tear to my eye 😢
The most impressive thing was the ramp. Well done Matt 😂
Makes me want a "Farah Ramp" for my dream garage.
Wow. That will be some place! I love how well thought through it is. Thanks for making the video. Interesting and informative as always.
This is amazing, you can tell Matt is excited about it.
That is pretty awesome! Congrats Matt and thank you Larry for showing us this new awesome project!
impressive, can't wait to see it finished.
This is far more epic than I imagined after hearing about this over last few months. Congrats and looking forward to seeing new project finished.
The 1 percent problem where’s my 3rd and 4th car going haha, this is a great investment idea good job
Seriously lol. He should be charging way more for those lifts though.
Lol Matt getting caught out for his sign at @20:11 was classic ! I love the guy but am i the only one who thought his response seemed forged ? hahaha
Matt im so happy for you. CAnt wait to see it finished
Matt's out here hustling!
Amazing...really appreciate the amount of thought and foresight that was put in to design and logistics..hope you do a video of the facility when it’s finished!!
Thanks for sharing! Looking awesome can't wait to see it done! :D
I am so excited to see it come together. I remember Matt telling me about this during his podcast I did. 2 years ago. There is not going to be anything like this place on earth. He is sup. a visionary and I'm excited for this.
I really couldnt be more happy for Matt and what he's doing!
perfect idea collector car on a fault line. Sounds like a great idea.
This has been a dream of mine for a few years now! SO HAPPY to see someone especially like Matt executing it. So excited for this.
That building is EXPENSIVE! 😳
It's cool to see you doing this Matt. Been a big fan for quite a few years. Kudos on your success.
Hey that's my work! @8:17 VW Dealership Downtown Montreal!
This looks so well thought out. Can’t wait to see the finished working business!
wonderful and very detail video, I geeked out watching this!
Watching that NSX go down the ramp reminded me of Matt's early days, when he used to have planks of wood to get his C5 vette out of his driveway.
Very Cool 😎... Wishing I had the need to store a sweet ride in LA
Very nice, Matt. Cant wait to see the finished product
Very cool setup, great to see Matt's enthusiasm for the project. Hope it works out well for him.
Always been a big fan of Matt and this sounds sick! Can’t wait to see it finished and full of cars.
Absolutely amazing! Even more crazy is to think some people actually own something similar for their very own private car collection!
After watching this I feel like I know enough to start my own construction company
Shout out Matt's CGI team. We can see the whole thing! Nice job AMMO editors as well for taking us through visually rather than just hear it described!
I've dreamed of doing something like this for a LONG time! This is killer.... Can't wait to see how it progresses. Kudos Matt!
Really cool to see, thanks for sharing this with us.
That’s absolutely amazing!!!
I love this. This is amazing. Love that y’all are collaborating too.
Larry, serious question, when can we expect AMMO Reflex to be released again? I’ve been needing some hardcore and using a wax is nice and all but I’d rather be using Reflex!!!!
South Texas yess I’ve been needing this too!!
Met Matt today and it’s obvious how passionate he is about this project and it’s just about done
I enjoyed geeking out on someone elses construction. Thanks for this.
Exciting times. I love what you did with the place and attention to detail.
Insane. Hope Matt’s your ready for guest and visitors. This will be on the bucket list of every enthusiast to see. Can’t wait to see it in movies lol.
I can’t wait to see it finished
Thanks for filming this. Cool to see it in long form.
I love the detailing of the architecture and the design! The attention paid is stunning and very well worthwhile. A superb job, Matt! A photo booth might be a nice feature...
Thanks for the tour.
So very cool! Can't wait to see the final product.
Wow. This is a really cool video. Had no idea about this
i cannot wait to see this finished
Cannot wait to see it all finished
Really nice video Larry thanks
It's like a big matchbox car collection :)
This is the nerdiest building video ever and I didn't know i needed it in my life so bad!
this building is looking super awesome
That is really impressive how knowledgeable he is. He literally knows every square inch detail.
he'll be selling his service to wealthy customers. he NEEDS to know every detail.
That's super rad Matt! Good for you brother!
I would love to see more of you together, same enthusiam about Cars:D
So dope! American capitalistic ingenuity at it's finest! Props and kudos to you Mr Farah!
Amazing, putting this on my list of places to visit.
Great vid as always 👍👍
I love that all of the cars in the digital mockup are not only extremely detailed but all of them are ineresting and or special cars
Very cool stuff!
Love that you’re already repurposing your wedding blazer, Matt! 😂🤣
Fantastic video!
It’s nice to see Matt so excited for this warehouse. Like visiting a friend at his future house building site.
The scope of this project from a construction side is incredible.