......here: https://www.daltonsbusiness.com/gun-...kent-uk/435751
Come on Tinbum, get your chequebook out sunshine
Never go off half cocked....
All lies matter
A reminder of how small a lot of airgun outlets are (in this case, one person, and a part-timer). Sometimes I get the impression people imagine that all brands have thousands of employees in a huge factory, which may explain why they get annoyed when their emails aren't answered immediately.
£200,000 for a two man business? That kind of money would go a long way to developing your own product and sales database. £100,000 of stock? Why so much, or is capital equipment?
It way well be worth that, good luck to the sale. Any small businesses is a hard sell to someone else unless its a competitor or has something very definitely of value. When the main character retires then most of the added value is lost.
My base line is what added value is there that a student at £20k a year on the phone and car expenses couldn't achieve?
I would not think this makes any sense at all as an investment.
Just a few numbers:
Turnover 200k, gross profit 60k and your keeping a 100 grand of stock in your house? - So by the time you pay business insurance, computers/phone etc, a small unit or a big chunk of your house then you can call that 5k easily - so your now looking at 55k profit
Take off all your expenses - car/travel (displaying at two international events remember) and your probably now looking in the region 45k g/profit.
You pay a p/t s/e gunsmith - say 20k for arguments sake, and a part time helper, let's call that 10k, we are now at 15k left for you - and you have no pension/holidays/sick pay/time off....
Bearing in mind you have to come up with 200k - which is around 4/5% - so about 10k a year interest, your now working for free essentialy
Even if my figures are off a bit, and I'm sure they are, you would have to be mad to invest in this, it's not an opportunity, it's a money pit.
Anyone looking for magic beans??
This would only be viable if it was 60k net profit after tax and included wages and deductions for both the gunsmith and p/t help - but it does not.
James
Making a mockery of growing old gracefully since I retired
No intellectual property or patents, some questionable stock, no staff, no premises or machinery and a poor reputation...
GP of 30% or £60k with an uncertain relationship with the reformed Airforce as prime manufacturer?
You would be on drugs to go near this.
A man can always use more alcohol, tobacco and firearms.
These are the last full accounts I can find.... it's worth diddly based on that
A man can always use more alcohol, tobacco and firearms.
But on the flip-side, Airforce will soon be looking for a UK distributor.
My ignore list: <Hidden information>