I see..... I hope Vlad has something in writing with a notary stamp on it.
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Rosey Toes - Ted retiring
- Thread starter matthew
- Start date
I'm confused now. Is Ted selling/retiring? I checked the link in this post and it came up as a dead link.
Someone ELI5...
All the links still work for me
Norcorider
Well-known member
That's it, never buying a used bike again.
Ted was the only reason I used to change bikes every other season.
Ted was the only reason I used to change bikes every other season.
G1RTHQU8K3
Active member
Are all of those bikes he's got there customer bikes? He had this beautiful Yamaha cafe racer that I would live to take for a scoot...
My safety was very efficient.
My safety was very efficient.
Relax
Well-known member
He had a really good drive-through service.
The wording isn't clear if ted owns the building or a third party landlord. Pricing that business would be really interesting. Judging by the fb comments, a lot of his business was ted special safeties. If the new owner doesn't want to continue that tradition, that is a big revenue hit and therefore affects the value. I'm more interested in how they determined value than the actual number they are going for.
TK4
Well-known member
Dirty safeties is not the future. Ted got busted a few times and had his ticket pulled only to get it back later. You may think that's funny but I don't.
I know the 200k doesn't include the building. That doesn't mean ted doesn't own the building. They said a lease at favorable terms was available. That could be smoke up your ass, ted willing to lease at a decent price or a third party landlord that is willing to lease at a decent price.
I probably should leave this alone, but for the record Ted has done better by me than Rider's Choice, McBride's (RIP) or Cycle World West (RIP). Or the criminal that safetied my 919 (done by seller of course). I cannot refute him selling paper safeties, but he did do good work for me
Price would probably be an order of magnitude higher with the land. If someone pays well over 1M for the land, the chance of a budget friendly bikeshop being the tenant is low imo.
As it should be.
My point is; small shop, clientele used to whimsical safeties and 15 minute tire changes is not the basket i want to put my eggs in. At least with the land I could go a different route if I had to.
And this he said-she said 3rd party Facebook convo regarding 'the plan' when Ted retires is a joke. I have the cash, I was considering some kind of business..i wouldn't touch this.
I agree 100% just based on what I have rad in this post alone, I would not touch something like this.
Expect to see it up for sale again or closed completely in the near future...
Relax
Well-known member
I've had bikes fail safety when they're clearly within spec. Then they hold you hostage by offering to fix it for less than it would cost you to pay for a new safety somewhere else. And these are so-called "reputable" shops. So it's one thing to get a dirty safety on your own bike for a guaranteed price when you have the technical knowledge to know it will pass, but I do agree with you on doing it on a bike you're selling when you don't know if it will (or worse, know it won't).
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