andyps
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| posted on 27/4/04 at 09:34 PM |
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Robin Hood
The whole company!
There is a full page advert in Autocar magazine this week for Robin Hood. The whole company is for sale for £1.5m. Apparently the owner is 60 and
wants to retire.
Maybe we should club together!
Andy
An expert is someone who knows more and more about less and less
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stephen_gusterson
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| posted on 27/4/04 at 10:28 PM |
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its a misprint
I have $1.50 all on my own.
atb
steve
PS - seriously - just think how long it takes to get your money back before you make any clear profit.
A hoodie kit starts at what, 1300 quid?
Lets say 400 at most is profit.
thats 3,750 kits to sell!!!!!!!
thats gotta take some time......
[Edited on 27/4/04 by stephen_gusterson]
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SparkyPups
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| posted on 28/4/04 at 08:23 AM |
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Actually if you made an investment of that sort you would probably want an annual return of 10% so £150,000 a year.
So if you were making £400 nett on each kit you would need to sell some 375 each year, which is about there number of kits isn't it?
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stephen_gusterson
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| posted on 28/4/04 at 09:21 AM |
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so, what your basically saying, is that you should expect to take at least 10 years before you get ANYTHING at all back for your 1.5m quid?
And this is in a market where its totally saturated with people trying to sell their own 7 kit! Look at all the MK copyists emerging - and it can be
argued that MK are a copyist themselves, as are RH.
If you bought bonds, or similar investments, you would get a 7% return, compounded each and every year over that 10 years.
And you wouldnt have to beother with the hassel of selling anything, attending shows, dealing with angry customers, etc.
at 7% you would get 100k a year doing nowt from just the interest on your 1.5m.
If I had the dosh, it would stay put!
atb
steve
[Edited on 28/4/04 by stephen_gusterson]
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Robster
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| posted on 28/4/04 at 04:08 PM |
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True Steve, but with bonds there is no chance to improve on that 7% (if you can get that).
Most businessmen (or women i guess!) would see the opportunity to invest £1.5m, improve the product & thus increase sales and/or profitability,
make at least the £150k per year for a few years and then sell the company on again (or float it) for say £2m.
It's all about perceived value & opportunitiy to improve the business.
But I'm with you - if I had the £1.5m, there are certainly easier ways to make a decent return than by investing in a competitive market such as
kit car "replica/copyist" manufacturing!!!
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JoelP
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| posted on 28/4/04 at 05:49 PM |
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if i had 1.5m id buy a shopping center or an industrial estate. or a hotel. muchos good easy money in that business!
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200mph
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| posted on 28/4/04 at 06:15 PM |
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nah, a carwash....
the one i worked at cost £300k all in, for land and equipment etc.
It did 280, 000 washed in 1st year, at an average of £4.13. Thats over 1.1 mil
Ok wages, overheads and consumables, but for a potential one man show, made 700k profit at least.
Thats what I would do if I ever won the lottery. Got it all planned.
now all I have to do is start playing the twatting game!
Mark
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andyps
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| posted on 28/4/04 at 08:30 PM |
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The advert says that the price includes 3 freehold factories of approx 40000 sq ft.
Turnover for year ended 03/03 was £1.17 million. Net profit £330,000 for that period. Actually a good return, and probably makes the price reasonable.
If you have £1.5 million to start with!
Andy
An expert is someone who knows more and more about less and less
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Simon
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| posted on 28/4/04 at 10:29 PM |
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If I had a million and a half lying around I think I'd be building meself a nice garage to play in (all day! )
Sod working for a living.
ATB
Simon
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