business blowout!
04-06-2005, 06:52 PM
#1
0.0 BAR
Thread Starter
Join Date: Oct 2003
Posts: 0
business blowout!
$2000-$3000 owing! ouch, hope no one here is on the waiting list. :P
http://www.honda-tech.com/zerothread?id=1201238
http://www.honda-tech.com/zerothread?id=1201238
04-06-2005, 07:05 PM
#4
3.0 BAR
Join Date: May 2003
Posts: 1,751
Re: business blowout!
Haha sucks for you guys
Another scam? What is the $45,000 for? Whomever pays that will get a couple grand worth of cheap equipment and take over leases. Who has ever heard of paying to take over a lease? You aren't buying any equity.
Let's see; actual value of:
Exploited Racing's name/ website: Most likely in the negative thousands of dollars. Any smart entreprenuer would definately ditch the name which has a bad rep.
CNC Mill: You said it was a $26,000 Mill, but then you said you were paying $360 a month, which means it is just a lease on a CNC mill. Actual value: $0.
Business space: It's a freaking lease. Actual value $0.
Bandsaw: $700 (new)
Lincoln Square Wave TIG 175: $1600 (new)
Miller Pro-MIG 185: $480 (new)
Powdercoating spray booth (HotCoat) - $1000
Eastwood Professional Powdercoating system - $800
NOS Nitrous Refill Station - $800
Any flange inventory: $3000 owed to customers, so obviously there is nothing is stock. Come on, people. So actual value: -$3000.
So, if you ditch the name, and assuming all the equipment that you are actually selling is in perfect condition, the company you quoted is worth about $2400. Where the hell do you figure it is worth $45,000?
Let's see; actual value of:
Exploited Racing's name/ website: Most likely in the negative thousands of dollars. Any smart entreprenuer would definately ditch the name which has a bad rep.
CNC Mill: You said it was a $26,000 Mill, but then you said you were paying $360 a month, which means it is just a lease on a CNC mill. Actual value: $0.
Business space: It's a freaking lease. Actual value $0.
Bandsaw: $700 (new)
Lincoln Square Wave TIG 175: $1600 (new)
Miller Pro-MIG 185: $480 (new)
Powdercoating spray booth (HotCoat) - $1000
Eastwood Professional Powdercoating system - $800
NOS Nitrous Refill Station - $800
Any flange inventory: $3000 owed to customers, so obviously there is nothing is stock. Come on, people. So actual value: -$3000.
So, if you ditch the name, and assuming all the equipment that you are actually selling is in perfect condition, the company you quoted is worth about $2400. Where the hell do you figure it is worth $45,000?
04-06-2005, 07:20 PM
#6
3.0 BAR
Join Date: Dec 2002
Posts: 9,203
Re: business blowout!
i would.
think about it. You advertise all over that the company is under new management. The majority of his customers commend his products, it's just his service. So everyone knows the products are of great quality, the name is known all over. Uh, new customers buy stuff being that it is under new management, werd ------s around that things are good, just as fast as it ------ around that he sucked.
We'd just be seeing threads that say 'Exploited Racing, the new guy rocks!'
His negative comments and weak business habits are the perfect publicity a thriving business needs.
think about it. You advertise all over that the company is under new management. The majority of his customers commend his products, it's just his service. So everyone knows the products are of great quality, the name is known all over. Uh, new customers buy stuff being that it is under new management, werd ------s around that things are good, just as fast as it ------ around that he sucked.
We'd just be seeing threads that say 'Exploited Racing, the new guy rocks!'
His negative comments and weak business habits are the perfect publicity a thriving business needs.
04-06-2005, 07:28 PM
#8
0.0 BAR
Join Date: Feb 2003
Posts: 0
Re: business blowout!
It would be in your favor to take a bad business like that and turn it around. It'd be good publicity, but given that this guy can't even tell you his name without lying tells you that he's crooked as ---- and probably has less than what he really says he has.
And any business that is worth buying is NEVER advertised "for sale" to your customer base. Those are behind the scenes operations. He's an idiot.
And any business that is worth buying is NEVER advertised "for sale" to your customer base. Those are behind the scenes operations. He's an idiot.
04-06-2005, 07:30 PM
#9
3.0 BAR
Join Date: Dec 2002
Posts: 9,203
Re: business blowout!
none taken. I dunno, I seriously think that his business has major potential. People still buy from him even though there are countless thread on countless forums about his crappy service. He claims to have grossed 110k last year. Maybe I don't think like ya'll do, but I could see good things come from it.
I.E. Movie stars, on news something bad they did, get jobs more. not always but a good amount (you like my grammar huh :P). TuPac, dead, sell more than life. I dunno, maybe it's just me
I.E. Movie stars, on news something bad they did, get jobs more. not always but a good amount (you like my grammar huh :P). TuPac, dead, sell more than life. I dunno, maybe it's just me
04-06-2005, 07:49 PM
#10
3.0 BAR
Join Date: May 2003
Posts: 1,751
Re: business blowout!
Originally Posted by AgentMurdoc
none taken. I dunno, I seriously think that his business has major potential. People still buy from him even though there are countless thread on countless forums about his crappy service. He claims to have grossed 110k last year. Maybe I don't think like ya'll do, but I could see good things come from it.
I.E. Movie stars, on news something bad they did, get jobs more. not always but a good amount (you like my grammar huh :P). TuPac, dead, sell more than life. I dunno, maybe it's just me
I.E. Movie stars, on news something bad they did, get jobs more. not always but a good amount (you like my grammar huh :P). TuPac, dead, sell more than life. I dunno, maybe it's just me
I could write about 5 pages on why this would not be a good idea but I dont care enough to do so
Also the examples you just gave are dealing with the entertainment industry and individuals which is completely different from "real world" businesses.
