The profit margin is incredible, if you don't take into account the time involved. 
Joel
Spudtech Is Officially For Sale
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SGTCSpudmaster
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Your right about that.... I can put in more than 100 hours a week at times. The profit margin is incredible, if you don't take into account the time involved.
Joel
The profit margin is incredible, if you don't take into account the time involved. Joel
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iPaintball
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Good luck! I hope whoever runs it next will be as good as you Joel!
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iknowmy3tables
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and if they aren't they won't get as much profit, Joel get a lot of sales because people trust and respect him.
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SGTCSpudmaster
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I'm glad to see that this thread has turned a bit. I'm not selling out.....I'm selling the biz. I won't let it go to just any schmuck that built a spudgun 10 years ago. Any qualified candidate that I sell to will have the knowledge and background to keep spudtech going. I will be onboard to get the new owner up and running and make sure that spudtech will be as good .....if not better than it has been for the last 6 years.
Joel
Joel
That is great to hear mate! The main reason that you get so much business is that people trust you. That and the quality of your products. So as long as the potential owner has at least had a crash course with you, spudtech will never be the same. Hope that all goes well and you get this massive burden off your chest soon, and as a favour to the spudding community you dont just drop of the face of the earth once you have sold. Your experience and inovations are a great asset to us all.
CUSTOMER SERVICE ANOUNCEMENT: Due to a particular city ordinance, I can no longer run Spudtech out of my home shop legally. Therefore, as of 6/29/07, no merchandise orders will be taken untill the business sells and someone else takes over. NO EXCEPTIONS! I am sorry for the inconvenience but don't e-mail me asking "can I still get one of these???" The answer is NO and you will not get a reply. All outstanding orders will be shipped. I am working very hard to get them all out the door before the biz sells. Thanks, Joel.
WOW! Damn those city ordinance bastards!
WOW! Damn those city ordinance bastards!
Why do I try to make a relevant post?
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spudbud101
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Those bitches, what the hell is wrong with making money?
Do you have to register as a business to start selling again?
*sigh* Although I never ordered anything from you, I'm sure you did a great job. The spud gun community will always remember you.
Do you have to register as a business to start selling again?
*sigh* Although I never ordered anything from you, I'm sure you did a great job. The spud gun community will always remember you.
Rawr.
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explsvcookie257
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I was wondering what does Joel get as a profit after the bills on things like electricity and pipes and valves or is the $100k he makes a year his profit after all the expenses are paid for or just sales I'm guessing sales. if thats to complicated to understand Im basically asking what does he make in a year after the expenses on things are paid for.
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mark.f
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I'm guessing significantly less than that, simply because materials cost, electricity costs, and minor mistakes cost. Also, if you don't have another job, living costs.
So, if you're trying to be an upper-class business who wears the finest sports coats and goes to the theater every night... eff off buying the SGTC. Completely wrong attitude to take about the business.
I do have a question, (since my rant is finished). If you were to find a pre-existing spudgun business, like many of your competitors, who already have the facilities and have developed some products, would you be willing to sell them things like the SGTC name, phone line, domain name, server, etc? Obviously, it would have to be a pretty competent business man.
I am asking because DR and Sgort87, (both from the former SGTC), both own Spudgunning supply sites. DR doesn't have much up, but I know he has the creative spirit to be good at it. He probably just requires things like tools, (I am referring to the metal lathe and rifling machine). Sgort has some pretty good tooling at his disposal, (like a wood lathe and many basic metalworking tools), and has already been in business a while.
Just something to think about. I myself have no time within the next several years to operate such a business. I've got some pretty intensive college courses coming up, and a lot of them.
So, if you're trying to be an upper-class business who wears the finest sports coats and goes to the theater every night... eff off buying the SGTC. Completely wrong attitude to take about the business.
I do have a question, (since my rant is finished). If you were to find a pre-existing spudgun business, like many of your competitors, who already have the facilities and have developed some products, would you be willing to sell them things like the SGTC name, phone line, domain name, server, etc? Obviously, it would have to be a pretty competent business man.
I am asking because DR and Sgort87, (both from the former SGTC), both own Spudgunning supply sites. DR doesn't have much up, but I know he has the creative spirit to be good at it. He probably just requires things like tools, (I am referring to the metal lathe and rifling machine). Sgort has some pretty good tooling at his disposal, (like a wood lathe and many basic metalworking tools), and has already been in business a while.
Just something to think about. I myself have no time within the next several years to operate such a business. I've got some pretty intensive college courses coming up, and a lot of them.