Recently retired after 20 years of military service, Scott Wassermann and his wife Heidi decided to make South Texas their home. After moving to Corpus Christi, they both found work easily enough, but what they really wanted to do was start their own business. Their entrepreneurial spirit, coupled with their enthusiasm for motorcycles, and their considerable artistic talents, enabled them to do just that.
Scott and Heidi did their homework and convinced themselves, and others, that there was a definite need for a motorcycle painting business in Corpus Christi. After all, over 3,000 bikes were sold in Nueces County last year. A notice this month in the Corpus Christi Caller-Times business section sums it up: Third Coast Motorcycle revs into town at Ayers. That's right! Third Coast Motorcycle Paint is now open for business at 4531 Ayers St., Suite 116 in the Corpus Christi Business Park.
Scott and Heidi contacted the Small Business Development Center at Del Mar College in May 2003 for help determining the feasibility of their idea. SBDC business advisor Michael North assisted them in preparing detailed cash flow projections and pro forma financial statements and worked with them in obtaining the requisite licenses and permits for their business. According to the Wassermann's, "The business plan helped us see the feasibility of our business idea. When we crunched numbers, we saw that it could work! Our counselor crunched the numbers for us!"
After the financials were complete, attention focused on the Wassermann's financing needs. Although they were prepared to utilize their own resources, the cash flow analysis showed that a small business loan would insure smooth sailing. It was suggested to the Wassermann's that they visit their credit union and apply for a line of credit. Somewhat surprised, they approached Navy Army Federal Credit Union for a traditional commercial loan and were approved. According to the Wassermann's, "Meeting with our counselor gave us the idea to approach our credit union to ask for a line of credit…a vital element!"
Third Coast Motorcycle has indeed revved into town and paints all kinds of bikes. Call Scott and Heidi at (361) 853-2426 for custom motorcycle painting and awesome artwork, and give your daily ride a new look!