No need to denounce it... but the rest.....
Been there done that. I’m pretty sure I’m King Fuck PCF now, I’ll fight over it.
Do I get a free set from CPC Version 2 now that Danny is buying it?
Mr. Spragg and Mr. Sarles are moving on & Selling CPC
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Been there done that. I’m pretty sure I’m King Fuck PCF now, I’ll fight over it.
Do I get a free set from CPC Version 2 now that Danny is buying it?
Owner discount? LOL!!! Wait Who said I'm buying it?????Been there done that. I’m pretty sure I’m King Fuck PCF now, I’ll fight over it.
Do I get a free set from CPC Version 2 now that Danny is buying it?
I have to nuke this thread
paulkersey
Bronze Bettor
I'm seriously interested in what they value the business at. What is there apart from maybe a couple of machines, molds and clay inventory. I bet amongst the community we could make this work
Hey Lou...got room on the farm for a chip factory?
I agreed with the other NAGB but not Tigers.
Tigers is basically a Fantasy line now with endless supply, Ken have ordered so many different versions of Tiger now
pri, sec, cali, non cali, vip 1 , vip 2, claws, tourney, hotstamped, NCV version
There are so many version of them I might have missed out some or dupe 1 or 2.
I work in the M&A field for a number of years and the pricing can vary from one to another but a very basic way to count how much the company worth is
Net Asset - Net Liability + (Average of Profit after Tax for past 3 years * MVI)
MVI = Market Value Indicator which could be as low as 1.5 to 7-10 Depending on the company branding, niche and market share etc.
Also there will be a lot of clauses and requirement brought forward by both parties in contract which could be boring to explain
STuDioSuRFiNG
Silver Spinner
No need to denounce it... but the rest.....
NawFukDatPlace
I think that the number of people who aren’t desperate to be cool over there and would cut ties is nearly zero
Those people are desperate for new shit and to be cool. If they miss a NAGB they might go full David Koresh koolaid crazy. Seriously.
I think there are only 3-4 so far who have said a full fuk your couch won’t grovel to go back cause we’re so desperate delulu like those over there. I doubt anyone would just delete their account and 2FA like I did to say get fuked Tommy Girl like a few have. Seriously that guy can go jump in a lake of piranhas
STuDioSuRFiNG
Silver Spinner
Hasn’t be publicly posted that most of his equipment is falling apart and is trying to fundraise to fix it, but won’t fix it cause he’s just squeezing every last penny out of it.
Like literally let me go back into my chat, logs and find where I said a year ago that he was just going to pull the rip cord after he’s bled that thing dry
I think I called this almost a year ago that he was just gonna run that place into the ground. Squeeze the last penny out of it and then pull the ejection cord. That place is useless. I would put the value of it at three dollars.
My family and I have built many businesses, grown many businesses through hard work and acquisitions. The majority of them successful and some, as @STuDioSuRFiNG says, the rip cord was pulled or changing markets were difficult to keep profitable, big corporate competition was to hard to keep up with financially and other reasons.
Of the business' we've been in, I found that there is a key common denominator when things don't go so well. Ownership presence. There is a reach that becomes to far to keep hold of. You can have all the passion in the world for a business, but, if you're not there every day to care for it, costs will rise, operations wont always run the way of your vision, and even with the most trusted management team it will be less profitable.
You have to wake up each day with the passion to "get to the office" and "get things moving". My dad started every day walking through the warehouse, seeing the state of inventory, talking to the employees, warehouse people, truck drivers, mechanics, custodians and the like. He wanted a feel for the company and the folks that worked for him and if they all shared his vision on how the company ran, get their ideas on how things should run. Every employee knew who "pepe" was and really knew him, more than "oh there's the boss". I believe that remote business' don't have that key factor if the ownership isn't present every day nurturing and caring for it and its team. When the work day was over for our team, he left work, not for the day, but to then go visit the customers to nurture relationships with them and assure them of quality products, service and promotion. Partners, not customers.
Living far away from the business had to be hard for David. He had to count on others to care for his company and I think he had that with Jim B who was the previous owner and ran things for him like it was still his own, with pride. It has to be hard to not be able to walk through the plant each day, inspect the machinery, talk to your employees, see how things are going, inspect each run etc. especially after Jim's death, so I can see how a decision to sell a company arises.
I see all kinds of people on the 2 key forums in our hobby talking about how easy it would be to fund up and buy the company, but in my eyes that is all fantasy, well unless you are going to take the time and effort to relocate and be there every day and care for the investment and produce a quality product, truly take the risk of a capital investment in a business you love. IMO A large group of people partnering up with so many different visions of a business that they know nothing about would be a recipe for disaster. This isn't Paulson where there is room for error, a sales staff hawking the products to endless customers, it is a specialty company that requires a lot of attention and care by its principal. Fantasy is fun, Business and the money it takes is real life.
I wish David and David the best in whatever endeavor they go on and hope that the CPC company finds a new owner with the passion and ability to continue and grow. When a company comes for sale in this world there is always a reason, some you hear and some you don't. Just the time and effort to explore a "deal" will be great for a perspective "buyer" and "seller" of their legacy and vision will be great. From our hobby perspective it would be sad to see an outlet like this go away but a business must be viable and desirable to it's owner(s) to succeed.
Of the business' we've been in, I found that there is a key common denominator when things don't go so well. Ownership presence. There is a reach that becomes to far to keep hold of. You can have all the passion in the world for a business, but, if you're not there every day to care for it, costs will rise, operations wont always run the way of your vision, and even with the most trusted management team it will be less profitable.
You have to wake up each day with the passion to "get to the office" and "get things moving". My dad started every day walking through the warehouse, seeing the state of inventory, talking to the employees, warehouse people, truck drivers, mechanics, custodians and the like. He wanted a feel for the company and the folks that worked for him and if they all shared his vision on how the company ran, get their ideas on how things should run. Every employee knew who "pepe" was and really knew him, more than "oh there's the boss". I believe that remote business' don't have that key factor if the ownership isn't present every day nurturing and caring for it and its team. When the work day was over for our team, he left work, not for the day, but to then go visit the customers to nurture relationships with them and assure them of quality products, service and promotion. Partners, not customers.
Living far away from the business had to be hard for David. He had to count on others to care for his company and I think he had that with Jim B who was the previous owner and ran things for him like it was still his own, with pride. It has to be hard to not be able to walk through the plant each day, inspect the machinery, talk to your employees, see how things are going, inspect each run etc. especially after Jim's death, so I can see how a decision to sell a company arises.
I see all kinds of people on the 2 key forums in our hobby talking about how easy it would be to fund up and buy the company, but in my eyes that is all fantasy, well unless you are going to take the time and effort to relocate and be there every day and care for the investment and produce a quality product, truly take the risk of a capital investment in a business you love. IMO A large group of people partnering up with so many different visions of a business that they know nothing about would be a recipe for disaster. This isn't Paulson where there is room for error, a sales staff hawking the products to endless customers, it is a specialty company that requires a lot of attention and care by its principal. Fantasy is fun, Business and the money it takes is real life.
I wish David and David the best in whatever endeavor they go on and hope that the CPC company finds a new owner with the passion and ability to continue and grow. When a company comes for sale in this world there is always a reason, some you hear and some you don't. Just the time and effort to explore a "deal" will be great for a perspective "buyer" and "seller" of their legacy and vision will be great. From our hobby perspective it would be sad to see an outlet like this go away but a business must be viable and desirable to it's owner(s) to succeed.
I believe those are valid points! The actual production equipment and its condition is the most important consideration followed by the good will factor. Everyone has their strategies in business. I'm pretty sure saving the company isn't the goal here, I think if one wants to make a run at this type of business this may be a turn key opportunity.
In my mind focusing on custom chips to our hobby, while important, is most likely unsustainable on its own. I'm sure any discussions with the seller would have to include the thought behind selling the company and what the impetus for selling is. If I were selling I would definitely expect a lot of questions from a buyer in a confidential setting.
Again, I've seen a lot of fantasizing on the boards about buying what some may consider their dream job, but the first mistake in buying any business is buying a job.
Consideration Question: Are you ready to give up a career or retirement to buy a job?
When potential sale conditions are known, answers will develop.
STuDioSuRFiNG
Silver Spinner
Seems like worse than a money pit.
From previous stories it sounds like all the equipment needs to be updated or soon
He claimed that it’s impossible to make new dies like Arrowdie which seems insane when they were made in the 50s but now it’s impossible?
We can land a rocket but can’t make a metal die again ok seems legit.
Sounded like more of no funds to update anything that goes to his retirement fund.
Unless you could make the old feeling clay again like TRK rounders Deadwood or Kings Crown that place seems like a total loss. Who’s going to want to buy the cups and have to likely refurbish the entire production process. If he’s deciding to cut loose now it means the stuff is likely on its last leg and this is a scheme to get a bunch of orders before the curtains are pulled.
Jimmy Pancakes
Bronze Bettor
All valid points, nothing about it would be easy. To me, the key points would be:
1. Condition of the equipment and realistic estimate to get & keep it fully operational.
2. Value the mkt potential. I believe that we, as enthusiasts, have a somewhat distorted view of the chip mkt. It would require a realistic view of what the consumer mkt could be for good, exciting, stock chip designs. Custom sets would be secondary, for sure, on limited molds, to fill gaps in stock production.
3. How much efficiency could be achieved beyond current processes. With the right model, approach, and process, what is the optimal potential efficiency.
Marketing, website design, sales, new stock product offerings, would also be very very important. But, those top 3 would be critical path for me.
It would most definitely be a full time, on-site, deep commitment to make a go of it.
Jimmy Pancakes
Bronze Bettor
You're hired!
