So you agreed a deal. Then said you want the dealer to take in 2 other machines/items, as part ex? So then the dealer has to stock those machines and potentially warranty them......and will only realise the profit after both have sold, assuming they need no work and will have no warranty...
Your floor plan will only have so much capacity. and you would have budgeted maybe 18 months ago when interest rates were different. You are under obligation to take machines that you have ordered, to keep your franchise, a bit like a sausage machine.
Granted it's not ideal, but in business...
Cash flow, and to get them off any floor plan ( stocking finance ) they might have. If you have a machine sitting in the yard, for a long time, it doesn't take long for the interest to mount up, and depreciation set in against others available. Take the hit and move on, if you can afford to.
Dealers won't be able to reduce the price more than they purchased them for. They too would have been buying them off the supplier for a higher price. If you have good profits in the bank from last year(s) then you can bang a few machines out at a loss for some cash flow, but it's not...
Location: Yorkshire.... what did you expect?
I would suggest also, taking out the radio, and air conditioning in all tractors, to improve fuel efficiency.
Next post, "Retaining Staff"
Have a word with yourself OP.
They won't tell you anything until you sign an NDA. So let's say you do that on Monday, you have then 48h to make an offer???!!
Interestingly they are also the company liquidating Cornish Crabbers a small boat company that's been in our press.
Inviting offers with Proof of funds by COB on Wednesday 10th? It would take a 24h to turn the NDA around.
How is anyone meant to make an informed discussion in that short window of time?
They are not operating in the best interest of the creditors. Unless it's all be sown up behind the scenes.
I'm pretty sure that is a Sunseeker Predator 72(ft) ( could be a 62 ) That one will be around £400-500K, I think she is 2008.
For the engine enthusiasts that will have a pair of 1300 or 1500hp MAN's and burn around 330ltrs/hour at 22-24knts.
A new one in today's money would be £3m ish + VAT ex...
Yep, Tin-men. 'Let's do Life magazine' The other one is "The Boiler Room" if you want another sales film.
I was brought up and taught this sort of thing, in my youth.
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