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Interesting Items Formerly on eBay
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Author

killjoy32
Grandstanding Collector

Posts: 8241
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Last Visit: Mar 24, 2024
Location: Wallasey, Merseyside, UK

Posted: Wed Oct 24, 2007 5:39 am

aia wrote:very special auction, pick-up on site only...

** expired/removed eBay auction **

dont ask me the reason for such a strict rule...

nice looking shop, but a little short on stock i would say!

Al

Are we nearly there yet?

dsaunders
Prolific Collector

Posts: 270
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Last Visit: Dec 18, 2022
Location: Upstate New York

Posted: Wed Oct 24, 2007 8:39 am

killjoy32 wrote:
nice looking shop, but a little short on stock i would say!

Al

"Our average sales are just around $5,000 dollars a month. With a little more advertising you could send this number higher."

gee, i wonder why they're going out of business. i've been to wilmington several times, and activley looked for a gaming store and couldn't find one... :roll:

-dave

Mars
Grandstanding Collector

Posts: 6161
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Last Visit: Apr 09, 2024
Location: Waterloo, Ontario, Canada

Posted: Wed Oct 24, 2007 10:57 am

killjoy32 wrote:nice looking shop, but a little short on stock i would say!

Talk about paying for a name. The list of stock and furniture and everything in the store evaluated at $86K so you are paying $214K for their good name and actual business. Not to mention that his $86K looks like he is selling you everything at full retail price. $99 for a used ps2 console or you could buy it new for $100.

I think it is pretty easy to tell why this guy is going out of business: 4 internet camera's $1500?

Deadlord
Grandstanding Collector

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Location: Cow Hampshire, US

Posted: Wed Oct 24, 2007 11:15 am

He'll never sell it. He's asking a stupid amount for it, and it is a money pit, as most game stores are. He CLAIMS it has $5K in sales per month, but that is SALES, not profit.

If you hit a Rowsdower, you get to keep it.

Badmike
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Location: DFW TX

Posted: Wed Oct 24, 2007 11:23 am

Deadlord39 wrote:He'll never sell it. He's asking a stupid amount for it, and it is a money pit, as most game stores are. He CLAIMS it has $5K in sales per month, but that is SALES, not profit.

He's just fishing for offers. No one in their right mind would pay anything over 30k for that mess. Like the shelves, though.....

Mike B.

"THE MORE YOU THINK ABOUT WHY i DONE WHAT i DONE THE MORE i LAUGH" Cougar
"The Acaeum hates fun" Sir Allen
"I had a collecting emergency" Nogrod
Co-founder of the North Texas RPG Con
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g026r
Verbose Collector

Posts: 1324
Joined: May 28, 2007
Last Visit: Aug 27, 2011
Location: Toronto, ON, Canada

Posted: Wed Oct 24, 2007 11:27 am

Mars wrote:so you are paying $214K for their good name and actual business

Pretty much, and it's only a year old -- so it's not like it's that much of a name.

Deadlord39 wrote:He CLAIMS it has $5K in sales per month, but that is SALES, not profit.

I'm curious to know his expenses as well, particularly rent. I've got a feeling that he probably could cut them by a fair bit if he tightened up his shelving (there's a lot of it for the amount of stock visible), did the same with the other bits, and moved into a smaller location.

Granted, there may be a reason he's where he is, but to me it looks like there's plenty of wasted space. :roll:

jasonw1239
Verbose Collector
JG Valuation Board

Posts: 1670
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Last Visit: Apr 15, 2024
Location: Moncton, NB Canada

Posted: Wed Oct 24, 2007 11:37 am

That is a situation where a potential buyer would have to look at the demographics to see if a store of that size would be sustainable.
Also, what about the location? Is there parking? Is it on a bus route?
How much competition does he have in the area?

Some game/comic stores just don't know what they are doing. I dropped into a local store last week (Mad City Comics) to see if they had any Chaosium products (I was looking for Malleus Monstrorum) and the person working there had never heard of Chaosium.

Check out my Chaosium sourcebook.
Secrets of Tibet

g026r
Verbose Collector

Posts: 1324
Joined: May 28, 2007
Last Visit: Aug 27, 2011
Location: Toronto, ON, Canada

Posted: Wed Oct 24, 2007 11:45 am

jasonw1239 wrote:Some game/comic stores just don't know what they are doing. I dropped into a local store last week (Mad City Comics) to see if they had any Chaosium products (I was looking for Malleus Monstrorum) and the person working there had never heard of Chaosium.

While I don't know about their current model, I'm pretty sure they got by back when they were Haley's Comics mainly because they were the only game in town between Wilke's closing and Gamezilla opening, and due to their sale of used paperbacks and magazines. (Though I suppose their location near the high school probably didn't hurt things.

)

I'm not terribly shocked on the Chaosium bit though, as it seemed to me that all they ever carried was TSR stuff during the mid-90s -- even in the middle of the White Wolf craze. (I could be remembering wrong though.) A wide-ranging selection was never their forte, it seems. :roll:

Last edited by g026r on Wed Oct 24, 2007 11:47 am, edited 1 time in total.

bclarkie
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Posted: Wed Oct 24, 2007 11:45 am

Deadlord39 wrote:He'll never sell it. He's asking a stupid amount for it, and it is a money pit, as most game stores are. He CLAIMS it has $5K in sales per month, but that is SALES, not profit.

It should also be pointed out that $5k in sales breaks down to an earth shattering $167 a day in a 30 day month.

At least you'll have lots of free time... :lol:

"He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you." -Neitzche

Last edited by bclarkie on Wed Oct 24, 2007 12:37 pm, edited 1 time in total.

copycat
Sage Collector

Posts: 2736
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Last Visit: Mar 22, 2021

Posted: Wed Oct 24, 2007 11:47 am

What is a Chaosium? Is that like a nurgling, but cooler? Heheh.

Those who can, don't. Those who should not, do.

Blackmoor
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Location: Canada

Posted: Wed Oct 24, 2007 12:33 pm

dsaunders wrote:
"Our average sales are just around $5,000 dollars a month. With a little more advertising you could send this number higher."

gee, i wonder why they're going out of business. i've been to wilmington several times, and activley looked for a gaming store and couldn't find one...

$5000 is pathetic, even with a 40% margin he would net only $2000. After Rent, utilities and employees this guy is losing money every month. $300,000 is a joke to buy a money losing business. Auctions like this give Ebay a bad name

Games can get you through times of no money but money can not get you through times of no games!!

bclarkie
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Posted: Wed Oct 24, 2007 12:41 pm

Blackmoor wrote:
$5000 is pathetic, even with a 40% margin he would net only $2000. After Rent, utilities and employees this guy is losing money every month. $300,000 is a joke to buy a money losing business. Auctions like this give Ebay a bad name

Oh c'mon know surely you must be kidding. At $167 per day in sales you don't need any employees.

"He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you." -Neitzche

deimos3428
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Posted: Wed Oct 24, 2007 2:31 pm

Being from Toronto, I had assumed the $300k figure included the actual building as well.

g026r
Verbose Collector

Posts: 1324
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Last Visit: Aug 27, 2011
Location: Toronto, ON, Canada

Posted: Wed Oct 24, 2007 2:54 pm

I notice that it's now been edited so that it now says that an additional $25,000 was put into the shop after it opened, as opposed to the original $100,000.

Colour me (more) suspicious.

Hrm, that is a good question: what is the normal cost of starting up a gaming shop? After all, he lists the physical assets at $86,000, so we can likely assume that an additional $64,000 of non-physical assets went into the $150,000 he lists as store startup costs.

jasonw1239
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Location: Moncton, NB Canada

Posted: Wed Oct 24, 2007 2:57 pm

deimos3428 wrote:Being from Toronto, I had assumed the $300k figure included the actual building as well.

In Moncton, for $320,000 you can get a downtown 3 story building with street level storefronts.
Combination game store/rental property for that amount of money...

http://matrix.cwlepage.com/user/website ... sID=269866

Check out my Chaosium sourcebook.
Secrets of Tibet

g026r
Verbose Collector

Posts: 1324
Joined: May 28, 2007
Last Visit: Aug 27, 2011
Location: Toronto, ON, Canada

Posted: Wed Oct 24, 2007 3:22 pm

jasonw1239 wrote:http://matrix.cwlepage.com/user/website ... sID=269866

That the building Attic Owl used to be in?

deimos3428
Long-Winded Collector
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Posted: Wed Oct 24, 2007 3:28 pm

jasonw1239 wrote:
In Moncton, for $320,000 you can get a downtown 3 story building with street level storefronts.
Combination game store/rental property for that amount of money...

http://matrix.cwlepage.com/user/website ... sID=269866

Well, there ya go. Similar listing (now sold) in downtown Toronto: $2.1 million.

http://www.boylecommercial.com/downloads/272Rich.pdf

Badmike
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Location: DFW TX

Posted: Wed Oct 24, 2007 3:35 pm

Blackmoor wrote:
$5000 is pathetic, even with a 40% margin he would net only $2000. After Rent, utilities and employees this guy is losing money every month. $300,000 is a joke to buy a money losing business. Auctions like this give Ebay a bad name

You know, I skipped over that when I first read it. I almost make that myself in a pretty good month. What a frikken loser :lol:

Mike B.

"THE MORE YOU THINK ABOUT WHY i DONE WHAT i DONE THE MORE i LAUGH" Cougar
"The Acaeum hates fun" Sir Allen
"I had a collecting emergency" Nogrod
Co-founder of the North Texas RPG Con
NTRPGCON

The Acaeum Forums • Collecting General

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