There's a little voice in my head which is saying that I am tired of the city. It might be time to for a seachange. I see on gumtree that Gearldton Surf & Sail is for sale.
What do you think of it as a change in lifestyle? Is it sustainable?
Hi Grumpy one 
You need to ask yourself, why is it for sale.
It may be profitable but can you earn enough for a needs?
Also I believe there are too many kite (and related) shops in WA some are surely going to find this year extremely tough and perhaps fold.
Personally I would look for another oppertunaty
I have a friend in Geraldton, he has a few businesses cafes, gifts etc. He sees a lot of potential and has big ideas. The joint hums in summer for sailing and there are plenty of spots to go. The are a couple of surf shops there. You should take aa trip up and check the place out. Do your homework.
Give Kim a call and have a chat would be the obvious thing to do. It's an all round shop doing kiting, surfing, windsurfing etc.
he's a very reasonable guy.
1. A profitable well performing business is never for sale. Just look at several kite shops that changed hands in Perth in recent times or even just closed up shop. One was a complete doozy, however an unsuspecting punter was hoodwinked into buying it but with little evidence of it performing well other that the word of the owner.
2. Anything that requires wind is at the best of times is unreliable due to Mother Nature. Ask any kite school owner
3. Dealing with the likes of wavelsave,loftywinds,Eppo and Alex Sanz on a daily basis would not be beneficial to your mental wellbeing. Having them want to trade their 6year old best waroo with superglued shut dump valve is a sure fire way to go broke. Also there is the Euro factor involved.. 'May I book a demo kite please mate', sounds all to familiar with zero intention of buying!
4. if you want a complete sea change, invest 25k into a bar in Boracay,Phillipines and you can drink, kite and probably entertain dubious women and backpackers also... Owning a kite business won't make you rich and you will prob loose money... The exception is the 1% like action sports WA who prove this wrong.
If you want a legit opinion on buying a kite shop then speak with Darren Marshall. He knows what retail kite business is about and will tell you straight. He's prob the longest in the game, most knowledgable and reputable also.. He has the passion for it that's why it works.
Alternatively, open a Chinese rub and tug tent on Scarborugh beach. You should kill it!
Select to expand quoteGrumpySmurf said...
There's a little voice in my head which is saying that I am tired of the city. It might be time to for a seachange. I see on gumtree that Gearldton Surf & Sail is for sale.
What do you think of it as a change in lifestyle? Is it sustainable?
Know Kim for a few years, started in a small shop and now on a prime spot on the buisness centre/ he had a plan to do this gig for a few years then try something else , plenty of scope with clothing side of things expansion of brands on each discipline, if I had the coin I'd be all over it, as I wouldn't mind his lifestyle, if you can run a buisness that your passionate about which covers the bills and gives you a great lifestyle then IMHO it's better than a high paid long hour , no life job,
Select to expand quoteRPM said...
1. A profitable well performing business is never for sale. Just look at several kite shops that changed hands in Perth in recent times or even just closed up shop. One was a complete doozy, however an unsuspecting punter was hoodwinked into buying it but with little evidence of it performing well other that the word of the owner.
2. Anything that requires wind is at the best of times is unreliable due to Mother Nature. Ask any kite school owner
3. Dealing with the likes of wavelsave,loftywinds,Eppo and Alex Sanz on a daily basis would not be beneficial to your mental wellbeing. Having them want to trade their 6year old best waroo with superglued shut dump valve is a sure fire way to go broke. Also there is the Euro factor involved.. 'May I book a demo kite please mate', sounds all to familiar with zero intention of buying!
4. if you want a complete sea change, invest 25k into a bar in Boracay,Phillipines and you can drink, kite and probably entertain dubious women and backpackers also... Owning a kite business won't make you rich and you will prob loose money... The exception is the 1% like action sports WA who prove this wrong.
If you want a legit opinion on buying a kite shop then speak with Darren Marshall. He knows what retail kite business is about and will tell you straight. He's prob the longest in the game, most knowledgable and reputable also.. He has the passion for it that's why it works.
Alternatively, open a Chinese rub and tug tent on Scarborugh beach. You should kill it!
And Darrens gig is also for sale
feedback from someone i know there is "location expensive and not ideal I'd move it somewhere cheaper but still on Highwsy to catch the tourists"
^^^ When you buy a business often you are buying a lease on the premises, more than anything else! Moving may not be a viable option?
^
Yes,.. things to check regarding the lease, (if the shop is leased) ;-
Check on how long the lease has left to run.
If it's a long time then be aware you are liable for the full remaining term of the lease regardless of whether you can pay it or not.
If it's a short time, be aware they may not be obliged to renew it, although mostly they do but not always.
Check for renewal options written into the original lease.
If it's close to renewal, check what the new lease payment will be and what the conditions of lease are.
Some leases require substantial regular upgrades to the premises at the tenants expense.
Check how much are outgoings. ( variable payments on top of the lease payment) Check on what they cover and how much they are.
Commercial property leases are very expensive and often absorb a large proportion of the business income. Sometimes,. all of it.
Select to expand quoteRPM said..
1. A profitable well performing business is never for sale.
3. Dealing with the likes of wavelsave,loftywinds,Eppo and Alex Sanz on a daily basis would not be beneficial to your mental wellbeing. Having them want to trade their 6year old best waroo with superglued shut dump valve is a sure fire way to go broke.
Re Point No.1 ^^^
No RPM, you're wrong as usual.
Profitable businesses are sold everyday for any number of reasons.
A serious illness perhaps, relationship hassle, partnership failure, boredom, career shift, retirement, lifestyle move, running away, capital gain cashup, lotto win.
Who knows why folks do what they do ??
Re Point No.3 ^^^
You poor bastard, you've got Seabreeze entities permanently living in your headspace.
There's waveslave (me), and there's co-tenants eppo, lofty, and others ...
all residing fulltime in your ****ing head ...
totally rent free.
and you don't even kite.
So please RPM, don't drag my good ID into any of your retarded threads of which I am not directly involved in ,,,
Cause you know, I'm too busy with all my other important social media commitments and what not.
lol.
Well said.
Having worked with Investment Bankers, and currently working for an acquisition at the moment.
Profitable businesses are sold everyday.
UN-Profitable businesses are discontinued and the assets are sold.
Un profitable businesses can also be sold.
If the purchaser can see an opportunity to make it profitable, unprofitable businesses can be great buying.
Over the years I have bought a few and by changing management practices and/or re-equiping etc I have been able to turn them around.
Sometimes it just needs a fresh approach and some enthusiasm.
Select to expand quotebazell said...
Un profitable businesses can also be sold
Young people these days miss out on so much.
I miss the old days.
Back then quarterly reporting was only for listed corporates.
In those times, red tape was something familiar to electricians.
Back in the day, things were simple. Good customer service meant using deodorant in the morning.
To operate a business back then you didn't have to be an IT systems analyst, lawyer, psychologist, internet web designing, IR genius with a handle on five different awards in two different jurisdictions, management accounting guru, likeable leader of impossible talent.
With limited time, energy and health to expend between now and retirement. Find a way to make things count for you.
Select to expand quotewaveslave said...RPM said..
1. A profitable well performing business is never for sale.
3. Dealing with the likes of wavelsave,loftywinds,Eppo and Alex Sanz on a daily basis would not be beneficial to your mental wellbeing. Having them want to trade their 6year old best waroo with superglued shut dump valve is a sure fire way to go broke.
Re Point No.1 ^^^
No RPM, you're wrong as usual.
Profitable businesses are sold everyday for any number of reasons.
A serious illness perhaps, relationship hassle, partnership failure, boredom, career shift, retirement, lifestyle move, running away, capital gain cashup, lotto win.
Who knows why folks do what they do ??
Re Point No.3 ^^^
You poor bastard, you've got Seabreeze entities permanently living in your headspace.
There's waveslave (me), and there's co-tenants eppo, lofty, and others ...
all residing fulltime in your ****ing head ...
totally rent free.
and you don't even kite.
So please RPM, don't drag my good ID into any of your retarded threads of which I am not directly involved in ,,,
Cause you know, I'm too busy with all my other important social media commitments and what not.
lol.
No slave, re point no 3. Was stating that you are one of the biggest bell ends in kiting and that having you as a customer would do anyone's head in. I've seen it first hand and heard it from shop owners who have dealt with you previously! Oh dude.
