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?

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.

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!

RPM 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

^^^ 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?

Boracay gets my vote!

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.

bazell said...
Un profitable businesses can also be sold

Back in the day, you could buy an ailing business with years of accumulated losses and offset the losses against your other income.

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.

Stop bickering girls