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  • mtnbusmtnbus
    Participant
    Post count: 1376

    Hell yea ! keep KCW rollin !

    AvatarFranz
    Moderator
    Post count: 4135

    Being an employee has its benefits too. I’m down for whatever.

    But I gotta say that I am ready for new challenges….I’m hungry for it.

    AvatarFranz
    Moderator
    Post count: 4135

    Its been a day or two since I’ve assembled type 3 tin. Baird’s engine ready for exhaust and carbs.

    DSCF0613

    AvatarPete
    Participant
    Post count: 982

    Being an employee has its benefits too. I’m down for whatever. But I gotta say that I am ready for new challenges….I’m hungry for it.

    This is me putting my nose where it’s not been invited.  🙂  But the CPA in me can’t resist….  🙂

    Franz leases the KCW land & equipment for XX per month from John.  Franz also pays John a set percentage of KCW revenue for the next ten years as payment for the business.  After 10 years Franz owns KCW and it’s goodwill outright, John continues collecting rent on his commercial property investment for as long as KCW is a tenant.  This way John has recurring “retirement” income, and Franz is free to manage and grow (or maintain) KCW on whatever course he desires to provide for his family.  I’d only caution that you have to view KCW as a pie, and there’s likely only so many ways to cut it up so both parties can thrive.  If John feels like he’s not getting enough on the sale/lease, or if Franz is too burdened with high payments to John and can’t get ahead then it won’t work over the long haul.  If you do a deal be fair/realistic with each other.

    Oh, and Biard’s engine looks great.  I really dig the alodine and bakelight dizzy cap…gives it really nice vintage look.

    AvatarFranz
    Moderator
    Post count: 4135

    Yeah that is where we got the last time we were talking about all this. The lease deal sounds ok.

    But, JJ lives here. He has a big ol’ house out back…. That kind of complicates things, and the way the pie crumbles.

    I think the Jones’ would like big sum so that they can be free to do whatever they want. Move closer to their children, build a new house/shop ect.

    volksaddictvolksaddict
    Participant
    Post count: 692

    Subdivide! I know a land surveyor…. 🙂

    AvatarFranz
    Moderator
    Post count: 4135

    Here is what I keep going over in my head. It seems like Jones would like to keep a part of KCW, I mean they built it, it has a good brand/outlet…there are ways to capitalize on that. I’m not trying to market stuff.

    I want to build race cars. We could start KCWr as my thing…..Jones keeps regular KCW, website, and reputation that he has built, just down-size the resto shop portion of it.

    We work a deal for me to buy the major tools and parts. I pay lease on 2/3 of the shop. JJ keeps doing what he does, until we’re ready to re-negotiate. This will help me get going and get comfortable, while giving JJ some work space and the freedom to not be involved in the day to day.

    AvatarFranz
    Moderator
    Post count: 4135

    Baird’s t34 engine is looking right. Its ready to run just as soon as I receive the replacement heater box.

    DSCF0624

    John JonesJohn Jones
    Moderator
    Post count: 7744

    Baird’s t34 engine is looking right. Its ready to run just as soon as I receive the replacement heater box. DSCF0624

    Baird is gonna be stoked!!!!  Dialed in again!!!

    John JonesJohn Jones
    Moderator
    Post count: 7744

    Being an employee has its benefits too. I’m down for whatever. But I gotta say that I am ready for new challenges….I’m hungry for it.

    Franz is no doubt the man to own the place..  and I think a deal will be struck in time.  But I’m not in any hurry to get rid of anything I have… Just the burdens of being in charge..    love my shop, my tools and my house.   Which, keep in mind could easily become more shop space for a new program.. race shop.. 8-).

    801 Kimball is the best location on earth to restore a VW and its where KCW has to stay…   the location is awesome..

Viewing 10 posts - 771 through 780 (of 1664 total)
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