BUSINESS FOR SALE

Post parts wanted or for sale here

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Chaffins
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BUSINESS FOR SALE

Post by Chaffins » Sun Aug 04, 2019 4:02 pm

CHAFFIN'S GARAGE ING. OUR RETAIL SALES ARE OVER $500,000.00/YEAR. WE MANUFACTURE OVER 300 NEW PARTS FOR THE MODEL T FORD, INCLUDING THE RUCKSTELL AXLE, NEW CAMSHAFTS, HIGH VOLUME INTAKE AND EXHAUST MANIFOLDS, RING AND PINION GEARS, ALL OF THE FRONT AND REAR SPRING SHACKLES, CLUTCH SPRING, BOSCH PLATE DISTRIBUTOR, BRASS ROBE RAIL AND THE LIST GOES ON AND ON. WE WHOLESALE TO ALL OF THE OTHER DEALERS. WE HAVE TRIED TO SELL THE BUSINESS AT A LOSS. HAVE HAD LOTS OF INTEREST BUT NO ONE HAS THE MONEY. MY SON MARK WOULD LIKE TO TAKE OVER BUT HE IS HAVING PROBLEMS WITH RETIRING FROM THE SHERIFFS DEPT. SO I AM MAKING ONE LAST REDICULOUS OFFER. WE HAVE ASSETS OF APPROXIMATELLY 1.3 MILLION. WILL SELL EVERYTHING INCLUDING ALL INVENTORY, PATTERNS, CORES, TOOLING AND PRINTS FOR MANUFACTURING OFOUR PARTS FOR $850,000.00. WE HAVE THAT MUCH JUST IN INVENTORY. if THERE IS NO BUYER I WILL JUST WAITE TO SEE WHAT HAPPINS WITH MARK OR THE BUSINES WILL JUST DIE WITH ME


Tbz4u
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Re: BUSINESS FOR SALE

Post by Tbz4u » Mon Aug 05, 2019 10:07 pm

I thought you sold this to mark


Topic author
Chaffins
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Re: BUSINESS FOR SALE

Post by Chaffins » Mon Aug 05, 2019 10:15 pm

ROBERT, MARK MAY BUY IT ON TIME BUT CANNOT UNTIL HE GETS HIS RETIREMENT PROBLEMS WORKD OUT. HE WAS SUPPOSE TO RETIRE IN MAY BUT THAT DIDN'T HAPPEN. I'M NOT GETTING ANY YOUNGER AND WANT TO WORK ON MY CARS. SO IF SOMEONE ELSE BUYS IT AT A REDUCED PRICE I CAN RETIRE AND INVEST THE MONEY.


Topic author
Chaffins
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Re: BUSINESS FOR SALE

Post by Chaffins » Fri Aug 09, 2019 10:21 pm

Can't believe there isn't someone in the hobby who doesn't want to be the next major supplier of Model T Ford parts. Especially when all of the hard work has been done and paid for and costs you nothing..


FATMAN
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Re: BUSINESS FOR SALE

Post by FATMAN » Sat Aug 10, 2019 9:18 am

Tell me about it, same thing here, Bob


Henry K. Lee
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Re: BUSINESS FOR SALE

Post by Henry K. Lee » Sat Aug 10, 2019 10:35 am

The hardest part is done! Take it and run, I just don’t get it either Glenn.

All the Best,

Hank


Topic author
Chaffins
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Re: BUSINESS FOR SALE

Post by Chaffins » Sat Aug 10, 2019 12:19 pm

Fatman, Henry, What do you not understand? We have approximately $1.3 million in assets, including $850,000.00 in inventory. We have approximately $300,000.00 invested in patterns, cores and tooling for manufacturing the parts that we manufacture. We also have a lot of shelving, cabinets, desks and other business equipment. In addition we have a beautiful catalog that can be used regardless of the company name and all of the drawings and paperwork for the 300 parts that we manufacture. When we are asking $850,000.00 that means that you are buying the inventory at wholesale cost and getting everything else for free. I hope this makes it clear. It is a give away price. It has taken 46 years to develop to this point and has been quite successful and now I just want to retire.


Henry K. Lee
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Re: BUSINESS FOR SALE

Post by Henry K. Lee » Sat Aug 10, 2019 12:31 pm

Glen I meant why someone has not jumped on your offer!!

What the? Over!

Hank


Henry K. Lee
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Re: BUSINESS FOR SALE

Post by Henry K. Lee » Sat Aug 10, 2019 12:34 pm

Maybe, just maybe some think you are going to give it to them! Laughing with you never at you ole man!


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Chaffins
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Re: BUSINESS FOR SALE

Post by Chaffins » Sat Aug 10, 2019 3:51 pm

The following are a few of the many parts that we manufacture for the Model T Ford. All parts are sold wholesale to the other dealers. The Ruckstell Axle and all parts thereof, The 40 tooth Ruckstell Ring Gear, 9, 10, 11, 12, and 13 Tooth Pinion Gears. Our book, Glover E. Ruckstell and the Ruckstell Axle, New High Performance and Stock Ford Camshafts, Bosch Front Plate Distributors and all parts, Bosch Distributor Conversion Kits, Bosch Gears, Ford Faithful Oiling System, Hardened Rear Axle Sleeves, All of the Front and Rear Spring Shackle Sets, Early and Late, High Volume Intake And Exhaust Manifolds, Windfield Intake Manifold, Bushing Removal Tools, Stevens Transmission Gear removal tool, Rear Axle inner Seal set, Neoprene, Rear Axle Ring Gear and Thrust Washer Shims, Brake Drum Shoes, Transmission Clutch Spring, Early Firewall Shields, Side, Tail Lamp and Head Light Bracket Sets, Early Crank Handles, Early Brass Fan Hub, Crankshaft Pulleys, Fan Bracket Arms, Early Speedometer Drive Mounting Sets, Early Carburetor Control Rods, Misc. Starter and Generator Brush Springs, Field Screws and terminal nuts and bolts. Wood Coil Boxes, Windshield hinge pin bolt, spring and nut sets, Windshield Glass Clamps and hundreds of other nuts, bolts and small parts for the Model T Ford.

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NEW APPROACH NEEDED.

Post by Novice » Sat Aug 10, 2019 3:58 pm

Glen. After well over a year still no traction. What ever You are doing to try and sell Your Business is "NOT WORKING". The Bottom line. Is the Bottom line. If Your offer makes Business sense and is advisterized in a venue where people are looking for a business opportunity it will sell! You need to rethink the situation and try to think like a Buyer and see what it would take for You to become interested and buy Your own business if You were on the outside looking in as a entrepreneur Trying to find a Business to buy.
Good Luck


Topic author
Chaffins
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Re: BUSINESS FOR SALE

Post by Chaffins » Sat Aug 10, 2019 5:56 pm

Novice, I am no NOVICE at selling. I have been selling Model T Ford Parts quite successfully for 46 years. A business is usually sold for a profit, not a loss. At first I tried to sell the business at cost, There was a lot of interest but no money. Now I am willing to sell at a $450,00.00 loss but same problem. If no one is interested that is their loss, not mine. I do not have to sell. The business has left me quite comfortable and all I want is Just to retire. It is disappointing that there is no one who cares enough about the hobby to help keep it going. I guess I am a dying breed.


Henry K. Lee
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Re: BUSINESS FOR SALE

Post by Henry K. Lee » Sat Aug 10, 2019 6:47 pm

Glen,

I only have the greatest respect for you with regards of the man, his business, and contributor to the hobby.

I am in the same boat sort of with trying to mentor others. It is sad as a bygone era so to say, but with the economy what it is, current climate of young people and their long term outlook.

Is any of this to do with since you are in California? Is there a Grandfather Clause for the business changing hands with the state government and their odd rule book? I am still at wits end myself locally so to say. My bride and I are blessed with 3 Godchildren, but they all live in England. They can easily move what they want there and set up shop, All the work is done.

I wish you only the Best Mr Chaffin as you have deserved it!

Yours Humblely,

Hank in Tin-A-See


Thomas-Jull
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Re: BUSINESS FOR SALE

Post by Thomas-Jull » Sat Aug 10, 2019 11:09 pm

I see several problems with selling the business. The value of the business is not one of them. Not many people that are at or near retirement want to start running a business, most likely the entire business including inventory needs to be relocated to where the new owner is, the owner needs to know how to manufacture the parts you make and be able to be competent at doing so, the person needs to be young enough to have the energy and drive that it takes to continue the success, they need the capital to purchase and relocate the business including leasing or owning the buildings necessary for it, and they need to be interested in Model T’s. Not many people have that amount of money available to them so they need to qualify for a loan and be in business long enough to not lose money on it. Obviously an over simplification of it all as it’s even more complex than this. However, one can see how it leaves a very small set of people that are even a possibility and even less that are actually willing to take it on. Good thing that you only need one to do it. If the business was near someone they might be interested in becoming a partner with you but I am sure you already thought of that. I have the greatest respect for you and what you have done and do hope that someone continues it on.


Topic author
Chaffins
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Re: BUSINESS FOR SALE

Post by Chaffins » Sun Aug 11, 2019 12:44 pm

Thomas, I cannot disagree. It takes a lot of dedication to make a business successful. But I think you will agree that a business is quite successful when you start with a small $2,000.00 inventory and grow that to near $1,000,000.00 with out borrowing a single dollar. Thank you for your comments Glen


Henry K. Lee
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Re: BUSINESS FOR SALE

Post by Henry K. Lee » Sun Aug 11, 2019 4:59 pm

Another way of looking at it might be to just post that you will be closed for a couple of weeks, months, etc.

Take time for yourself, run the business, don’t let it run you. Your peace of mind and health is first! Sometimes having a lock and key with a light switch is better than tending livestock. But then again, sometimes it is the other way around.

Again, All the Best,

Hank


tdumas
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Re: BUSINESS FOR SALE

Post by tdumas » Sun Aug 11, 2019 6:55 pm

I understand all your used parts were sold to someone in Canada.
Is this correct?


Topic author
Chaffins
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Re: BUSINESS FOR SALE

Post by Chaffins » Mon Aug 12, 2019 3:44 pm

The fellow in Canada swears he is going to buy our used parts and wants them very much. Especially at 0.15 on the dollar. However, he is having problems with transportation to Canadas and has nor given us a deposit. So as far as I am concerned the parts are still for sale.


Topic author
Chaffins
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Re: BUSINESS FOR SALE

Post by Chaffins » Mon Aug 12, 2019 3:51 pm

Henry, I love supporting the hobby and would hate to just close my doors. If I did a lot o dealers and customers would loose the source of a lot of their parts. I doubt that any dealer would be willing to invest the money to replace the parts that we manufacture.


Topic author
Chaffins
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Joined: Mon Jan 07, 2019 5:44 pm
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Re: BUSINESS FOR SALE

Post by Chaffins » Thu Aug 15, 2019 12:04 pm

bump


Topic author
Chaffins
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Re: BUSINESS FOR SALE

Post by Chaffins » Sun Aug 18, 2019 1:01 pm

LAST BUMP

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