Online Porsche business for sale?, Anyone we know? |
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Online Porsche business for sale?, Anyone we know? |
Steve |
Dec 26 2016, 07:45 PM
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#1
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914 Guru Group: Members Posts: 5,698 Joined: 14-June 03 From: Orange County, CA Member No.: 822 Region Association: Southern California |
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Unobtanium-inc |
Dec 27 2016, 09:56 AM
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#2
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Advanced Member Group: Members Posts: 2,260 Joined: 29-November 06 From: New York Member No.: 7,276 Region Association: None |
There are a couple of these "turn-key" businesses for sale right now. I've seen enough of these to know that normally the stuff guys have left when they want to sell out is the stuff that doesn't sell. There was a well known parts dealer in Maine who wanted me to buy him out about 5 years ago. We made a trip up there and did a full inventory. it was stuff like he had 100 rusty coupe doors, I already had 30 in my collection, did I need 130? Or my favorite, he had 275 356 B/C steering columns, he said, "I get $100 each for those?" I countered with, "I would be able to sell 5 in my lifetime, so that leaves me 270 to make an Effiel Tower in my front yard."
If you are thinking of buying into one of those businesses do your homework and don't get wowed by the quantity, look closer at the quality. This stash looks like a lot of empty engine and gearbox cases, 914 Targa tops, and door shells. Try selling some of those items before you spend thousands to own a building full of them. It's also important to look at who is selling the stuff. If the guy is in good health and just wants out of the business be wary. Most people get into this business based on their passion for the Marque and they normally only want out of a dream job if they aren't making any money. Now if the guy is in bad health and still passionate, that makes a deal more interesting so it's not the business that is sick, it's him, which means you can take the baton and keep the race going. |
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