Garaged dot com - buy it?
Discussion
(Firstly, if you don't know what I am on about look in the Speed,Plod and the Law section under Umair Bhatti.)
Not that I am going to but there is quite possibly a working business there which could someone could rebrand and restart. Is it a crazy idea or an opportunity?
Not that I am going to but there is quite possibly a working business there which could someone could rebrand and restart. Is it a crazy idea or an opportunity?
Edited by Frimley111R on Tuesday 22 November 17:09
Plenty of big-name entrepreneurs have bought failing businesses and turned them around. I don't know what percentage of his business came from PH (lots?) but particularly on here, if you bought it and said "right, it's me now, not him, this is how I do things" you should be able to get people to come back to the fold? After all, if they had a need for his services then, they presumably still do, so where are they going for that today?
Even on PH it'll have some value. With the search function as it exists, there's plenty of positive threads that'll show up.
"Under New Management"
Someone will nab that name when it pops up, likely without even knowing the history, and the limited exposure of the story certainly offers an opportunity.
"Under New Management"
Someone will nab that name when it pops up, likely without even knowing the history, and the limited exposure of the story certainly offers an opportunity.
At the right price, definitely worth considering. The market will define the price...
I suspect remarkably few people will ever know the history. Just look at other businesses or individuals with horror stories about them, including advertisers here (no names) who continue to be in business and pay their advertising bills so you would assume it is worth it to them.
I suspect remarkably few people will ever know the history. Just look at other businesses or individuals with horror stories about them, including advertisers here (no names) who continue to be in business and pay their advertising bills so you would assume it is worth it to them.
edc said:
What exactly are you buying through? A website, leases, customer base? For a zero revenue business you'd have to get it nearly for free as most of t sounds like liabilities rather than opportunity ...
Well yes but it must have suppliers, location etc that could all continue running. essentially just changing the name or even keeping it, no different to any other business being bought out tbh, it just depends what is left of it but all those customers must be looking for somewhere knew to store their cars, assuming that they haven't already.I did a quick fag packet financial calc: Assuming (only because someone estimated this) space for 200 cars and an average of 50% capacity and customers paying £25p/w storage (went down to £10 a week after a while iirc) then that's £15k p/m plus income from other storage of cars above that and valeting etc. Take off lease cost, staffing costs for moving cars around (they did airport parking I think?), admin costs, tax etc...
Look at me, I'm an accountant!
jshell said:
It went to the wall for a reason and the owner tried to dig himself out through fraud. Either he was on a permanent spending spree to keep up appearances, wasn't being paid on time or some other reason...
Sounds a lot like there was something else going on in the background that was using all the cash...AyBee said:
jshell said:
It went to the wall for a reason and the owner tried to dig himself out through fraud. Either he was on a permanent spending spree to keep up appearances, wasn't being paid on time or some other reason...
Sounds a lot like there was something else going on in the background that was using all the cash...
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