Good investment??? Dirt Factory

[JQ]

Digga said:

Problem with a lot of these types of projects is land costs - and thereby also punitive business rates - in the UK.

Yep, I think on their website it mentions 87,000 sq ft in Trafford Park. A very conservative estimate would be £2.50psf, then add on rates (an extra 40%) and you're looking at £850 per day in fixed costs just for the building.

It's why many of these things only work with government funding for the initial cap ex, leaving the turnover just to pay the running costs. As I said earlier in this thread, it would be really interesting to see the annual turnover of the indoor BMX track at Velodrome.

[LDN]

Whilst the doom and gloom is not without warrant; I still like that there's people with passion that gives things on this scale a go; boom or bust.

[limpsfield]

LDN said:

Whilst the doom and gloom is not without warrant; I still like that there's people with passion that gives things on this scale a go; boom or bust.

But with other people's money, no?

But like you I think that passion and risk taking should be applauded.

[LDN]

limpsfield said:

LDN said:

Whilst the doom and gloom is not without warrant; I still like that there's people with passion that gives things on this scale a go; boom or bust.

But with other people's money, no?

But like you I think that passion and risk taking should be applauded.

Other people's money indeed.... but still.... I like that people put these cogs in motion.

[JQ]

LDN said:

Whilst the doom and gloom is not without warrant; I still like that there's people with passion that gives things on this scale a go; boom or bust.

The thread title is "good investment?", had it been "cool idea?" I'd be in total agreement, it does sound pretty cool Would I invest my money, not a chance.

[LDN]

JQ said:

LDN said:

Whilst the doom and gloom is not without warrant; I still like that there's people with passion that gives things on this scale a go; boom or bust.

The thread title is "good investment?", had it been "cool idea?" I'd be in total agreement, it does sound pretty cool Would I invest my money, not a chance.

Fair point... never the less; investment aside - and the conversation has evolved - it is a cool idea, we can agree.

[JQ]

LDN said:

JQ said:

LDN said:

Whilst the doom and gloom is not without warrant; I still like that there's people with passion that gives things on this scale a go; boom or bust.

The thread title is "good investment?", had it been "cool idea?" I'd be in total agreement, it does sound pretty cool Would I invest my money, not a chance.

Fair point... never the less; investment aside - and the conversation has evolved - it is a cool idea, we can agree.

Definitely. I'd go, but it would likely be the kind of thing I'd go to once or twice, not a regular thing.

[LDN]

JQ said:

LDN said:

JQ said:

LDN said:

Whilst the doom and gloom is not without warrant; I still like that there's people with passion that gives things on this scale a go; boom or bust.

The thread title is "good investment?", had it been "cool idea?" I'd be in total agreement, it does sound pretty cool Would I invest my money, not a chance.

Fair point... never the less; investment aside - and the conversation has evolved - it is a cool idea, we can agree.

Definitely. I'd go, but it would likely be the kind of thing I'd go to once or twice, not a regular thing.

I fear I feel the same.

[JQ]

LDN said:

I fear I feel the same.

And there's the rub.

[Frimley111R]

With these CF projects I worry too many people get too carried away with the excitement of it and don't look at the figures. A few large investors would be better and would probably be professional enough to show the business owners why their dream may not work.

[mph1977]

Frimley111R said:

With these CF projects I worry too many people get too carried away with the excitement of it and don't look at the figures. A few large investors would be better and would probably be professional enough to show the business owners why their dream may not work.

A cynic may suggest that this is why they have gone forthe crowd funding model ...

[Digga]

Here's a radical thought; if planning laws were relaxed a bit - and there is no "set in stone" reason why this could not be so - and business rates were radically reduced or even waived for projects deemed to be of public benefit, we might have a few more interesting and edifying business ventures about the country.

[JQ]

This thread pooped into my head this morning, after I read another thread on here about starting a new indoor karting track - http://www.pistonheads.com/gassing/topic.asp?h=0&a...

I see they've not secured a building yet - http://dirtfactory.org/dirt-factory-business-updat...

Is the £450,000 secured by crowd funding currently being spent on admin or does it sit there until they've got something tangible to spend it on?