Rosey Toes - Ted retiring | Page 7 | GTAMotorcycle.com

Rosey Toes - Ted retiring

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Mad Mike said:
Is that th

Is that the Ladies' washroom? ( I don't see a urinal )
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Can't use that term anymore! It's the customer washroom!
The place is a mess and could use a overhaul but Ted helped me out the other day so I have to thank him for that! I did actually witness a real safety done when I was there, kind of surprised me! I believe the going rate at the moment is $100 for a safety and he is very busy! There is a lineup!
 
GreyGhost said:
I am pretty sure I saw the ad for the shop for sale and a post by a supposed employee about the way forward. Maybe the post was a rumor but it was based on something. Glad to hear he is still around for now helping people out.
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He actually said he thinks "Nick" said that, or was spreading it. No idea who Nick is, or the context behind it. I was there for my 30 second safety and gone lol
 
Jay Alexander said:
He actually said he thinks "Nick" said that, or was spreading it. No idea who Nick is, or the context behind it. I was there for my 30 second safety and gone lol
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I do remember the ad said to not ask the owner any questions about what is going on. Maybe there is some truth to this!
 
GreyGhost said:
I am pretty sure I saw the ad for the shop for sale and a post by a supposed employee about the way forward. Maybe the post was a rumor but it was based on something. Glad to hear he is still around for now helping people out.
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yea i posted that in the first comment of this thread
 
Relax said:
Not sure why a real estate agent would risk their reputation on a hoax. Maybe Ted originally put out a feeler to see what he could get, then realized it wasn't enough to retire on, or just changed his mind.
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I've seen more than a few small businesses listed at optimistic prices. When the entire business is built around a single person, the price someone is willing to pay is vastly lower than the price the owner wants to walk away. In most cases, they operate for a while longer and then fold. I'm not sure if they come out ahead. I suspect selling for a much lower and more realistic number would be financially beneficial.
 
GreyGhost said:
I've seen more than a few small businesses listed at optimistic prices. When the entire business is built around a single person, the price someone is willing to pay is vastly lower than the price the owner wants to walk away. In most cases, they operate for a while longer and then fold. I'm not sure if they come out ahead. I suspect selling for a much lower and more realistic number would be financially beneficial.
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He just needs to stay put and keep doing exactly what he is doing!
 
Fuzzbuster said:
I do remember the ad said to not ask the owner any questions about what is going on. Maybe there is some truth to this!
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A friend had a garage up north, renting the premises. Needing to rent a special tool he drove to a nearby town rental. When he put in his address the guy at the counter said "That's where we're moving to in a couple of months."

He was able to pull together the coin to end up owning his own shop. Bonus, Home Depot opened down the street a couple of years later so more traffic.
 
GreyGhost said:
I've seen more than a few small businesses listed at optimistic prices. When the entire business is built around a single person, the price someone is willing to pay is vastly lower than the price the owner wants to walk away. In most cases, they operate for a while longer and then fold. I'm not sure if they come out ahead. I suspect selling for a much lower and more realistic number would be financially beneficial.
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A huge number of small contracting businesses have a good will factor dependent on the owner's personality and long term contacts. In my case, without me the business was worth the value of some used tools.
 
nobbie48 said:
A friend had a garage up north, renting the premises. Needing to rent a special tool he drove to a nearby town rental. When he put in his address the guy at the counter said "That's where we're moving to in a couple of months."

He was able to pull together the coin to end up owning his own shop. Bonus, Home Depot opened down the street a couple of years later so more traffic.
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In this case business was advertised for sale and did not include the building. I have no idea if Ted owns the building or a third party landlord.
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