Well you make some good points, but they are not all accurate. We have been selling Cobra replicas at 50% deposit for the last two years without issue. No one sells with a 5% deposit. The kits are set up to be sold in 4 stages; kit, roller with frame and body, roller kit about 3/4 done and complete roller kit minus with everything minus paint. Very close to RCR's kits. We will also offer turnkey minus cars. The GT deposit will probably be in 3rds. It has nothing to do with a good business plan or financing, has to do with getting stiffed by customers. Michel Pigeon, whos car is pictured in our ads and gallery has plenty of experience with GT40 replicas. The tooling and molds are in Quebec and prodcing customers cars now. Have you looked at the pictures or literature posted here or on our site?
--Mike / Turn Ten Racing, Inc.
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Originally Posted by CliffBeer Hi Mike,
Looks great in theory. A couple of very specific questions for you:
1. Who in your organization has experience with building an accurate GT40?
2. Will you be looking to sell these via advance deposit, or, payment upon delivery of a car at the agreed stage (roller/turnkey, etc.)? I would suggest the test of adequate capitalization for your new venture is the ability to sell w/o requiring an advance deposit. Requiring a material (greater than 5%) advance deposit reeks of a thinly capitalized, and unsophisticated, business venture in my experience.
3. Perhaps you can be specific about what your business has actually done so far to produce a car, in contrast to what you plan on doing. The distinction may be subtle but it is hugely important in establishing your credibility in this market place.
Thanks and good luck. |