If the CB 550 is even remotely serviceable I will gladly make the trip down, pick it up (and any other 2 bikes you want brought back), and compensate you equally to a salvage yard. I've wanted to do a cafe CB four for awhile.
This is the Hawk (almost exactly)
The 550 is in this clip (it's short but it might be helpful). Sounds like if you wanted it, you could bring up a bike or two for someone else in your area too. I'll certainly entertain the offer. When could you go down to pick it up?
Just curious as to how many of you guys have actually restored a vintage bike and have an idea of just how much work and money is involved.


Just curious as to how many of you guys have actually restored a vintage bike and have an idea of just how much work and money is involved.
Depends if you're doing it for love or money. I've restored three bikes, two brits and a german, I still have them all, so you know it wasn't for money. (I could probably turn a profit on the BMW though)
The OP would, of course be best served by selling off the collection as-is, or perhaps after a bit of cleaning up, carb tuning etc. on the more complete bikes in the collection.
Possibly after removing the bike that he likes the best for his own use.
I've rebuilt Nortons for street and racetrack. Frame up. It is, quite simply, insanely expensive, time consuming, very hard to find parts, and NOT an investment. I always enjoyed the bikes and they were fun. I can't count how many thousands of bucks I lost when I sold the entire bunch.
You discover such simple shit as swingarm bushing needs replacement. ( Guess how long that takes) Frame is bent. wheels need bearings and rechroming. Motor needs rings, valves, valve springs, transmission gears, pistons, rods, crankshaft, etc etc.
Go for it. But anyone who wants to rebuiild a vintage bike should know beforehand that you are NOT going to get a neat looking bike for $450 in parts and work. Try $4500
Then you will have a thirty year old bike that is incredibly underpowered next to an SV650, has brakes that resemble modern brakes with WD40 sprayed on the rotors, a frame that flexes in amazing ways and directions, 18" tires, lots of rusty chrome, and poor handling.

Didn't read the whole thread, but thought I could help you and the OP out here, before reading that far (unless someone beat me to the punch and suggested this already, and I now look like a lazy schmuck...).
http://www.its-titles.com/
-Q!
^THIS. You wouldn't touch any of these bikes unless it was for the love of it.
(incidentally, the machine shop stuff you mentioned might be worth more than the bikes, good american made machine tools are infinitely rebuildable, so no matter how badly worn out they are, they're still valuable)