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
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Restoration Story: 1951 Farmall H - by The Red (John Fritz). I have been a collector of Farmall tractors since 1990 when I first obtained part of the family farm in Eastern Indiana. My current collection includes a 1938 F20, 1945 H, 1946 H, and the recently purchased 1951 H. This article will focus on what I encountered and what I did to bring the 1951 NEAR DEATH Farmall H back to life.
... [Read Article]
Latest Ad:
2022 John Deere 5045E, 4wd, front end loader and 3rd function with grapple. 120 hrs, 55k new, must sell
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
