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OOOOOOOOHHHHH !!

Macbeast - 10/7/12 at 02:31 PM

Business opportunity for someone

GTS Website announcement -

This website, the manufacturing projects, intellectual property rights and associated business is for sale.

Comes with:-
Supplier accounts
Customer database of 800+ people
Upto Ł200,000 per year turnover
Moulds
Jigs
Production rights
Intellectual property, drawings etc
Website and URL with approx. 1,300 unique visitor hits per month, with over 10,000 page hits (Google Analytics data).

loggyboy - 10/7/12 at 02:37 PM

quote:
Originally posted by Macbeast
Website and URL with approx. 1,300 unique visitor hits per month, with over 10,000 page hits (Google Analytics data).

Are 9995 of those hits old customers looking for the latest contact details?

contaminated - 10/7/12 at 02:38 PM

Blimey!

Anyone fancy chipping in? I'd expect a discount on the basis that I think to quote turnover you have to demonstrate you actually supplied the goods!

eddie99 - 10/7/12 at 02:38 PM

Gotta be worth Ł20

owelly - 10/7/12 at 02:38 PM

steve m - 10/7/12 at 02:42 PM

And all so he can start again under a differnt name, and fleece every one again ?

jeffw - 10/7/12 at 02:53 PM

If a company has a value because of the goodwill associated with the name then surely GTS as a brand is worthless. Can you imagine if you took it over all the phone calls you would get asking for money or parts...the mind boggles

contaminated - 10/7/12 at 03:01 PM

quote:
Originally posted by jeffw
If a company has a value because of the goodwill associated with the name then surely GTS as a brand is worthless. Can you imagine if you took it over all the phone calls you would get asking for money or parts...the mind boggles

Exactly, no way you could continue to trade as GTS. On that basis only the jigs, rights, moulds etc are actually worth anything. Supplier accounts makes me laugh too.

mookaloid - 10/7/12 at 03:06 PM

Methinks this is a bit of a

(Poisioned chalice )

designer - 10/7/12 at 03:12 PM

What bits is he selling, anybody know?

TheGiantTribble - 10/7/12 at 03:17 PM

I wonder if this might be the easy way of people getting their stuff they are owed, chip together then supply to each other.

Of course it could be a good way to get to meet the current owner face to face for a little talk, question and answer
...'do you know how much damage this hammer would suffer if it dropped on your knee cap' kinda question
(to miss quote the great Hitch Hickers guide to the galaxy)

Alan B - 10/7/12 at 03:59 PM

Even using the old "upto" trick....

1 pound is "upto" 200k

zilspeed - 10/7/12 at 04:25 PM

Unquestionably the most discredited 'brand' in the entire history of the British kit car industry.

As a business, the identity is utterly worthless.
The highest the value could ever be is of someone of a philanthropic persuasion were to buy the brand specifically to kill it and ensure it never sees the light of day again.

This would be a service to everyone.

The tangible assets (if there actually are any) would only have value in isolation from the brand.

It's a shame, the products were quite good.
Unfortunately, the name as well as the proprietor are forever discredited.

Then again.

Anyone remember Vic Lee ?

Caught smuggling drugs and went to prison losing everything in the process having once run a succesfull BTCC team. (Listerine BMWs 318is with Steve Soper and Time Harvey driving.)

He got out of the nick, and bold as brass popped up and did it all over again.
Works Peugeot team in BTCC, doing well, smuggled drugs again. Caught, back in the nick.

Some people have all the chutzpah in the world and have no shame whatsoever.

The bold Darren seems to fit this mould pretty well.

Mr C - 10/7/12 at 04:59 PM

quote:
Originally posted by steve m
And all so he can start again under a differnt name, and fleece every one again ?

Its too late, he has started on GT forty's. He's rationalised the website and separated the GT Forty side of things. Looking at the GT forums he's already annoyed fellow manufacturers especially Tornado, by copying their chassis and undercutting prices which are not sustainable. its a just a matter of time before it goes pear-shaped

The only thing you'll be buying with GTS is the debt.

Agriv8 - 10/7/12 at 05:06 PM

quote:
Originally posted by zilspeed
Unquestionably the most discredited 'brand' in the entire history of the British kit car industry.

As a business, the identity is utterly worthless.
The highest the value could ever be is of someone of a philanthropic persuasion were to buy the brand specifically to kill it and ensure it never sees the light of day again.

This would be a service to everyone.

The tangible assets (if there actually are any) would only have value in isolation from the brand.

It's a shame, the products were quite good.
Unfortunately, the name as well as the proprietor are forever discredited.

Then again.

Anyone remember Vic Lee ?

Caught smuggling drugs and went to prison losing everything in the process having once run a succesfull BTCC team. (Listerine BMWs 318is with Steve Soper and Time Harvey driving.)

He got out of the nick, and bold as brass popped up and did it all over again.
Works Peugeot team in BTCC, doing well, smuggled drugs again. Caught, back in the nick.

Some people have all the chutzpah in the world and have no shame whatsoever.

The bold Darren seems to fit this mould pretty well.

Ahh there is a name that takes me back Vic Lee (when I was scrapping tyres in Touring cars / Clio's ) he must be about out know thought he got about 8 years IIRC - Saying that he looked a bit thugish

ATB agriv8

JekRankin - 10/7/12 at 05:16 PM

I've just noticed that if you google GTS Tuning, the search results tell you all you need to know....

"Buy from GTS Tuning ?????? No, No, No, No,No, No, No, No,No, No, No, No,No, No, No, No,No, No, No, No,No, No, No, No,No, No, No, No,No ..."

"GTS Tuning - THE WORST LOCOST TRADER?‎"

"Problems with GTS tuning and Darren George"

etc.etc.

Humbug - 10/7/12 at 05:57 PM

quote:
Originally posted by contaminated

quote:
Originally posted by jeffw
If a company has a value because of the "good""will associated with the name then surely GTS as a brand is worthless. Can you imagine if you took it over all the phone calls you would get asking for money or parts...the mind boggles

Exactly, no way you could continue to trade as GTS. On that basis only the jigs, rights, moulds etc are actually worth anything. Supplier accounts makes me laugh too.

!!

[Edited on 10.07.2012 by Humbug]

austin man - 10/7/12 at 08:49 PM

I was thinking of buying it then I thought about it and had to question whether he would actually deliver on it lol

blakep82 - 10/7/12 at 09:00 PM

i'm sure oi've seen people say the product is very good, just a question of IF you can get hold of it, so....

surely there's an oppertnitiy to buy the jigs, drawings, production rights, drawings etc, then produce it all with good customer service and delivery, but under a different name?
a ready to go business, already set up, just needing a new name
you've also got a list of customers to contact saying you've taken it over, under new management etc
seems like a reasonalbe oppertunity for someone that can do it well

jeffw - 10/7/12 at 09:17 PM

quote:
Originally posted by blakep82
you've also got a list of customers to contact saying you've taken it over,

Must admit I can see some slight issues with that....like solicitors letters & death threats or demands for money with menaces...

blakep82 - 10/7/12 at 09:20 PM

quote:
Originally posted by jeffw

quote:
Originally posted by blakep82
you've also got a list of customers to contact saying you've taken it over,

Must admit I can see some slight issues with that....like solicitors letters & death threats or demands for money with menaces...

well, i did consider that, but i guess the liability still lays with darren, given that the business has been sold, but of course, the buyer should have some decent contact details for the previous owner...
does a business need to be sold through a solicitor? like houses do?

ReMan - 10/7/12 at 09:23 PM

quote:

does a business need to be sold through a solicitor? like houses do?

This one? I would