Posted by NCWayne on December 12, 2011 at 16:06:18 from (69.40.232.132):
Longer story as short as possible. And just to be clear, there are no illegal substances involved, just scale model parts, and I'm just looking for opinions as to what ya'll would think to be a fair deal, and/or what you'd do in my position.
Basically I got the opportunity to help clean out a warehouse from a scale model mfg. that went out of business. As part of that I had the opportunity to lay my hands on over 3,000 pieces of an item just for the time it took me to load them, along with alot of other items like file cabinets, etc, etc that are what I origionally went to get. As I said, the company that made them originally is no longer in business. Even so there are major Hobby shops (both brick and mortar stores as well as online) with these items still in stock selling them for nearly $14 a pop. In other words at full retail price I've got nearly $42,000 worth of product on hand.
Now my prediciment. I've thought about trying to sell the items on Ebay, Craigslist, etc, etc but given the amount of pieces involved it would probably take me forever to do it, not to mention the effort to do all of the shipping, etc, etc, etc involved. Granted I could cut the prices dramatically and probably make 10,000 - 20,000 dollars doing it this way but it would more than likely be spread out over 10 -20 years, if not more.... I figure the company has been out of business for a couple of years now so the inventory the hobby shops are selling has been on their shelves for awhile, and I doubt many of them have as many on hand as I do. So, while that is always a somewhat viable option I also have the opportunity to do something else that might work out better. By that I mean I've talked to a guy that has been selling products in the hobby industry for awhile, has a web site established selling his own products both in the US and overseas, and because of that already has established contacts in the industry to help with the distribution network. At the same time he's just a small, one man show and admitted to me that while I am setting on a virtual gold mine, even at wholesale cost, he can't afford to pay me what all 3000 items are really worth 'wholesale' to buy everything outright and sell for himself. Still, he does have the necessary contacts, distribution netork, etc to help get the items sold and turn a good profit on them much quicker than I could ever hope to do it on my own.
So, in a nutshell, I've got product and no realistic distribution network, but I also know someone with a distribution network to sell said product in a timely manner instead of over an extreemly extended time frame.
In a situation like that, what do ya'll think would be a fair and equitable split to any profits obtained from this venture, if he and I were to join forces?
I've run this question by several people I know already and so far I've gotten answers of either a 60/40 or a 50/50 split. Now I'm just curious as to what a larger group will come up with on average. Thanks for any input. Wayne
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