65k profit in 2008 but partner split so investment or silent partner needed

[fathippy]

yes i can do all the things u mention or one etc but i dont really want to unless i really have no other option. my choice is to find an investor if i can.

Thats the bit that needs understanding - why not take the alternatives costing 10-20% or less, rather than the one costing multiples of that. The only real answer is if you expect the business to go belly up, where my suggestions would leave you worse off. Consequently there is an inference in your choice that you are worried that the business will fail. Furthermore, given the returns offered are so much more than the alternatives, in a betting perspective, you are displaying a heavy odds-on price ticket on your business failing.

Until you give clarity on this perceived mismatch in valuation, this will worry investors.

 

[SLF]

There are people who go on Dragons Den and ask for amounts that clearly they could get by remortgaging their homes or taking a bank loan , but they say they dont want to do that and the dragons seem to accept that reasoning as needing their investment.

 

[jkchawner]

my personal choice is the investor route no other reason
u have just read about the 3 trailers i can get now for £3500 + whats needed to get them ready for resale and collecting etc

right someone on one of the early post suggested this not me.

maybe an investor would be more happy if they have physical goods quote !

theres the perfect chance now

what more can i say
someone stump the cash up they can come with me to collect the goods see were my unit is etc etc meet my family my house etc etc
then leave me to get on with raking the cash in for us both,
problem solved physical ggods there and profit on the way nice

and by the way my business wont go bust because i wont let it simple as that i have no outstanding debts at all my unit is fully paid up for the next 3 months as of 4 days ago etc etc
so weres the risk in that deal im offering ?
there is not one its a perfect chance for me and someone else.

i will even sign a contract taking full responsability for any loss's myself and to pay the money back in full should anything happen.
which it won't

 

[jkchawner]

thanks slf good reply

 

[jkchawner]

i wont be being ignorant but i have a freind who was admitted to hospital last night with secondery cancer of the bowl and liver and i will have to be off here for a couple of hours while i go and visit him as things are not looking good for him at this time.

lifes just a bed or roses at the moment !

 

[SLF]

whereabouts do you live?

 

[jkchawner]

nottingham my unit is in derbyshire u ?

 

[DuaneJackson]

I can't read this thread any more, it's no good for my blood pressure!

jkchawner - I apologise for my fellow members who have nothing better to do but to post crap on your thread and try to make themselves look clever.

There are still a number of posts on this thread that, while critical, give very useful advice. Be grateful for those and don't rase to the bait from the others.

 

[jkchawner]

cheers mate

 

[Tej]

I can't read this thread any more, it's no good for my blood pressure!

jkchawner - I apologise for my fellow members who have nothing better to do but to post crap on your thread and try to make themselves look clever.

There are still a number of posts on this thread that, while critical, give very useful advice. Be grateful for those and don't rase to the bait from the others.

Thats absolute nonsense!.. is this with your mod hat on?

 

[jkchawner]

sounds good to me

 

[jkchawner]

Thats absolute nonsense!.. is this with your mod hat on?

mind u you would say that got bored coming back to give me some more greif are you ?

 

[DuaneJackson]

Respect begets respect... has he shown any?

If we all start out with the default position that you need to be shown respect before you'll respect someone - then noone ever respects anyone. Can you see that?

How about we start out with the default position of respecting people until they disrespect us? Wouldn't that be better?

Now go and read through all of your posts to this thread, Tej. You've done nothing except direspect the OP - why on earth should he have any respect left for you?

Infact, nevermind this thread. You only have 250 posts so I decided to have a quick look through them. Logical place to start is to go here to get a list of all your posts and skip to the last page to see when you first started posting.

I'm having trouble finding much of any value - all I see from you is sniping and antagonising - from day one!

 

[jkchawner]

• It is important that UKBF remains free of spam and that irrelevant, redundant or duplicated material is kept to a minimum – UKBF is a community for business owners and managers whose time is precious. Please aim to achieve ‘one topic, one thread’ – with all of your posts relevant to the original thread question. It is acceptable to go ‘off topic’ occasionally given that such posts are of a good nature, however the moderators retain the right to intervene in ‘off topic’ posts if they appear to be significant and persistent deviations from the original thread, or if such posts contain inflammatory comment. In these cases, the moderators’ rights to move or delete posts, or to impose strikes or bans on members for inappropriate content will be enforced.

 

[SLF]

I wonder how many members the forum loses as a result of what is merely a handful of people using this sort of forum behaviour? It must turn people away at the door surely?

 

[RedMacbeth]

There are people who go on Dragons Den and ask for amounts that clearly they could get by remortgaging their homes or taking a bank loan , but they say they dont want to do that and the dragons seem to accept that reasoning as needing their investment.

As a fan of Dragons Den, if you watch any of the documentaries or read any interview then this is the worst statements you can say to a dragon (or potential investor). All of the dragons get quite angry that they should risk there own money and childrens inheritance when the person pitching for money is not prepared to risk their own money. Theo and Deborah particular state this is the worst pitch to make. Most investors will not back someone who will not risk any of their own money as it gives a worrying sign that the business may go under.

Anyway i think this thread is getting out of hand. Maybe we should draw a line under it?

 

[jkchawner]

i was very nearly one of them but decided i aint being bullied by no one.
i have just spent the last hour reading up on forum rules etc and no were im coming from on that score now thanks everyone for seeing both sides of this situation i have had a dig back myself as u no but it gets u no were from now on my mouth is zipped big time if they want to come on here showing off and bragging let them. they more than likely have got what they set out to do ruin any chance i had of finding an investor but chin up i will just have to make changes to my plans if i have to. i have offered a great chance for someone on here with cast iron gurantees's i cannot do any better than that no matter how hard i try.

 

[DuaneJackson]

Thats absolute nonsense!.. is this with your mod hat on?

No, it's with my "faintly annoyed with turnips" hat on.

But it's OK, you just made a post on another thread

This is almost entirely a newbie forum. Experienced business people get very little value from it whilst providing the majority of the educated content.

How very true.
Although for me it also provides a few laughs... helps some way to unwind.

Which to me implies you're only here for the comedy value. Which would make sense.

There's also the implication that you, like CJD, are an "experienced business [person]". Why not post in the Introductions forum and tell us all about it?

 

[jkchawner]

i have 100% said on here im willing to sign any form with any breif that will ensure that the amount invested is safe and will be paid back by myself within the time frame we allocate between investor and myself. even if it means me having to sell property car whatever

 

[jkchawner]

im going to wait and see now.
but will be readvertising on ebay for an investor which is were i got my first one many moons ago and he was more than happy with the results i gave in return,
come on people i have made a dam good offer to any investor starting off with a small investment first until u are happy with my return to you.
and the trust and respect will follow with ease

 

[RedMacbeth]

As a fan of Dragons Den, if you watch any of the documentaries or read any interview then this is the worst statements you can say to a dragon (or potential investor). All of the dragons get quite angry that they should risk there own money and childrens inheritance when the person pitching for money is not prepared to risk their own money. Theo and Deborah particular state this is the worst pitch to make. Most investors will not back someone who will not risk any of their own money as it gives a worrying sign that the business may go under.

I meant this as a general quote and no reflection on j.k chawners current business enquires.

 

[Esk247]

i think that the problem was initially that we had no idea what in the world the money was for...if we use dragons den as an example:

if you had given a full overview of the business proposition and the amount required for percentage of said business proposition people could then come to you with questions.

instead it turned out that everyone thought you were spamming and from then on its a downward spiral because anything you say gets rubbed in to the dust.

as i have no money to invest at this time..i'm out...hope it goes well though

 

[jkchawner]

I meant this as a general quote and no reflection on j.k chawners current business enquires.

What do you need the £20k for?
To buy some new trailers to do up, or buy equipment for doing them up?
If it's to buy the trailers, why not get an investor to buy the trailers, you
do them up, then split the profit?
That way the investor has some physical property to show for his investment

as pointed out by a previous guy on page 6 of this post
this i am offering so whats wrong with my pitch now ??
someone tell me were im going wrong please i have a good background selling trailers which has been looked at in detail by other members on here. im offering a 100% contract to say your money is safe and that i will repay any shortfall which there wont be anyway.
now forgive me but is that not a solid and safe investment ?

 

[jkchawner]

i think that the problem was initially that we had no idea what in the world the money was for...if we use dragons den as an example:

if you had given a full overview of the business proposition and the amount required for percentage of said business proposition people could then come to you with questions.

instead it turned out that everyone thought you were spamming and from then on its a downward spiral because anything you say gets rubbed in to the dust.

as i have no money to invest at this time..i'm out...hope it goes well though

thanks and i think u have summed it up very well my snappy attitude hasent helped me i no. hands up to that.
but i think u can all see now im no scammer and also that it is a genuine chance to make good money with no risk at all with what i am offering you.
im hoping someone can help
maybe they will maybe they wont
time will tell

 

[Raz]

give me a call!! 07710-023079

 

[jkchawner]

will call u in a bit raz got to go taxi outside have to go and visit a very sick freind in hospital be back on in about 2 hrs will ring u then
cheers

 

[Tom McClelland]

I can't read this thread any more, it's no good for my blood pressure!

jkchawner - I apologise for my fellow members who have nothing better to do but to post crap on your thread and try to make themselves look clever.

There are still a number of posts on this thread that, while critical, give very useful advice. Be grateful for those and don't rase to the bait from the others.

I have to disagree, I'm afraid Duane, and that's quite unusual for me.

Anyone who reads the expat link can see that it is obviously the same person making that post. With the same name, same writing style, same lack of punctuation, extremely similar vocabulary, same unusual paragraph formatting. Yet jkchawner claims that it is his ex partner who posted that, for some inexplicable reason pretending to be him! No. We weren't born yesterday. Up till that point I had mild sympathy for him, but that link exposes him as someone who is not being straight with us. It was a good find. If jkc wants to start again and tell the truth from the beginning this time he might get a better hearing.

The link bears repeating, in case anyone thinks jkc is on the level:

http://209.85.229.132/search?q=cach...iness.html+jkchawner&hl=en&ct=clnk&cd=1&gl=uk

 

[SLF]

@ Tom

Perhaps after the attempts to belittle amd humiliate him already in place from the off, that he felt he needed some sort of excuse which I later said was daft one.

Im sure by now he agrees he should have just told it as it was, so it has been straightened out since those earlier pages if you have read all 11 pages, so further repeating a link to continue this abuse is uncalled for, especially since a mod has intervened.

 

[Tom McClelland]

@ Tom

Perhaps after the attempts to belittle amd humiliate him already in place from the off, that he felt he needed some sort of excuse which I later said was daft one.

Im sure by now he agrees he should have just told it as it was, so it has been straightened out since those earlier pages if you have read all 11 pages, so further repeating a link to continue this abuse is uncalled for, especially since a mod has intervened.

He needed an excuse because of the mismatch between his posts here and his post elsewhere. Not because he was being abused here.

Posting a link to the OPs own words in another forum which make a completely different statement of his situation, aims, and intentions to that which he makes in this thread is "continuing this abuse" ? I'm going to stop posting in this thread before my blood pressure also rises too high. I'll leave you people to it.

 

[Matt1959]

if theres one thing I don't get about this forum its why people want to discuss all this stuff in public on a forum thread. Surely if someones half interested in whats offered, they'd PM the OP as soon as they get the bare bones info and go from there in private and if they aint interested - just move on or am I missing something:|

 

[jkchawner]

as i have stated before im not getting in to any more of these lynch partys go and upset someone else

 

[Chris Ashdown]

My point is that you need heaps of trust to invest in a company run by another person, the various posts by jkchawner state various answers that in some cases contradict each other or at a minimum raise doubts in many peoples minds

 

[dingbat]

if theres one thing I don't get about this forum its why people want to discuss all this stuff in public on a forum thread. Surely if someones half interested in whats offered, they'd PM the OP as soon as they get the bare bones info and go from there in private and if they aint interested - just move on or am I missing something:|

Because if you see something suspicious you want to warn others. I speak from bitter experience.
Yes, the OP could have told a lie and be otherwise genuine but too many things do not add up for me.

With ref to the Dragon's Den post - in Dragon's Den people do not guarantee a return of the Dragon's capital. If you can guarantee it then you may as well raise the funds yourself.

 

[jkchawner]

i have gave enough im willing to give anyone any proof they need but i aint being held to ransom for a few quid investment. which is what i have come down to to prove im the real deal. i already have 2 intrested partys now. with 1 firm offer on the table which i have refused because he wanted 40k back for a 20k investment over 6 months yeah right lol.
the other guy im waiting to hear back from still at this present time.

even after all that has been said etc on this site i won't be slagged of for mistakes for the way i have conducted myself for the simple fact that there are much worse and guilty people on here than i could ever be fact.

go back and read the crap some of you have posted then ask yourself this question did i reply like that because i thought it was cool at the time made me look bigger or i was being 100% honest
i doubt you could even tell the diffarence dingbat to be honest !

i no my spelling is no good.
i no i may come across as maybe a bad investment because you all think i have told porkys when i have not !
what you dont realise is the fact that i no what im talking about when it comes to my business that i no very well indeed fact !
and what makes me laugh more than anything above all
is not one person on here no's a good investment when they see one fact!
unless i get emails now of offers i wont even bother replying even if its in my favour because it just aint worth the bother to be honest.
i will come back on here when the investor has made his or her investment i have produced the goods split the profit and then tell me i was wrong and you were right !
when i was 23 years old (and im 43 now by the way) i won an award for best new leicester mercury business in leicester. now for all you who no your stuff do a search and instead of dragging crap up do something good for once. my business was called s&j alarms within 6 months i had 11 people working for me and was turning over 180k a year in the first year of business. i sold out the following year to a major alarm business in leicester for dam good money in them days. got married had the kids etc went through divorce lost it all and guess what im still here trying point being.
you cant keep a good man down.
i have never signed on in my life ever.
i have always been a hard working man and always always look after those who look after me and my family. and have repaid many people many hundreds of times over every penny back i have ever owed with intrest and more besides.
because thats how life is
no one gives you nothing for free in this life unless your a dole head
and that i aint and never will be.
now if there is an investor out there who is willing to take a chance on me im here i have made a very good offer of investment with all the security you could ever want in place to make sure your money is safe.
but if your hear to slag me off guess what you have missed the boat big time ! cause half the muppets on here have beat you to it.

all emails will be replied to but i aint wasting my breath on here no more unless they are genuine emails. all other emails will be ignored now enough is enough im afraid i have spent 2 days listning to crap already.
and thats enough for anyone good night all

 

[jkchawner]

ebay item number 180318163982 yes its me before any other idiot points it out i would like to show my hand as they say in cards and trust me this will produce results as it did 4 years ago when i needed a short term investor.
who was paid off in full by the way and left a very happy bunny
and before anyone says well why dont u go back to him then i may yet !

 

[adam]

okay let's get this back on track as it is not 6am on Sunday!

JCK (Ben?), IIRC your partner is leaving, was (s)he crucial to the day to day running of the business?

You need cash, is this to buy him out or for working capital?

For whatever reason, you have decided selling equity is better. This is a silent partner therefore getting 30% of the profit. With the £65k profit, have you taken a wage already or do you just take 70% of the profit leaving the investor £18k or so?

If so this seems a very good (too good?) deal for me to put in £20k now and get £18k a year for the next say 3 years and tripple my money.

I don't really have spare cash at the moment but I have an interest in your line of business and we are not that far away.

What sort of money does a refurbished trailer go for?

Thanks

Adam

 

[chalkie99]

I just wish I had a pound for every time he said he wasn't going to respond anymore .

 

[oldeagleeye]

So OK. It's a New Year. Obama will make his inaugural speech today which will generate a lot of goodwill in the world. Lets give the OP the benefit of the doubt then and sum up where he went wrong. Several of you have already done that in your own way. I have summed it up in 4 lines and given an example of how he should have presented his case. It is by no means definitive and just something I knocked out in a few min's. The difference is there to be seen however.

Terrible overall presentation.
No definition of figures
Inconsistent financial needs
The reference to ill health when he is a key player. The following perhaps is a more professional presenation.

BUSINESS OPORTUNITY
I currently run a business refurbishing catering units where I have a found a ready market on E-bay with net pre-tax profits of £65,000 pa over the last 4 years. Quite a respectable income from a 1 man business and I have used the money to establish myself on a sound personal financial footing and was quite happy with the status quo for a while. I do now feel however there is now scope for expansion and that with a modest cash injection of around £10K I could double existing profits with very little extra in operating costs.

The business itself for example already operates from 2,000 sq ft of secured workshops with a fixed and modest rent and I would only need I young apprentice whose wages would be mostly covered by government subsidy to increase productivity.

Worth a punt then at £10K with the money secured on stock and at a time when (1) The recession and redundancy means that more people than ever will be looking for an income which is easy to move into and mobile catering easily fits that bill. (2) £10K in a bank at less that 2% is hardly a return on capital. I am offering 20% of the company

 

[fathippy]

Dear Mr Oldeagleeye,

Thank you for your comprehensive and compelling business proposal. Please can you direct me to the relevant dotted line, so that I may daub my inky moniker thereon.

Regards

 

[jkchawner]

the figures are before my wage thats profit for 2008 im more than happy to have someone on board short or long term to be honest as u can see my business is good very good for a one man band.

for the future i would love to have my own dedicated website as word soon gets around in the catering trailer world. and i no this would bring more business without a doubt. but my main concern for now is securing the money needed to get back on track working at the same pace i was not that long ago and generating better turnover and profits for 2009.

i have plans for manufacturing my own equipment as well which would cut down costs by a great deal and add around 20% per sale on the trailers i refit from empty. i have most of the machinery needed but t could do withupdating at some point to be able to manage this better. costs for that are not massive either around 5k mark this was the next step on are list before the partnership split.

i also tried a very clever niche trailer idea about 5 months ago with massive results which is a deff path to pick up again very soon infact to give u a clue of how well it went and how nice the end product was the guy whom it was made for (from scratch may i add) wanted it for glastonbury 2009 and it is a confirmed booking now for 09 this alone could be worth a small fortune as a new build i will try and add a photo of the trailer if it lets me im sure you will be impressed.

as for profits a quick guideline
pay between £500-£1000 return of 2.5-3k with ease
thats for a normal side of the road burgertrailer i do about 6 of these a month most months

showmans trailers
pay anywere from £1.5-2.5k with a return of between 5-7k on a nice one that you have spent another grand or so on.

4-5 on your normal run of the mill showmans thats just been painted up cleaned and a bit of swirl stainless steel in etc

http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&rd=1&item=180312106243&ssPageName=STRK:MEAFB:IT

have a look at the link and see for yourself what i can do and that cost £1500 all in adam

regards shaun