Brad,
In between all of the guys' joking is a pretty neat business opportunity.
My suggestion is that you give the guy a down payment and a note for the
balance. Say 25% down and the balance in a note a 10%. The tax
consequences for the seller may be better. This deal would be sweeter for
you as you could make some money before paying it out again. Maybe make him
an offer - $15K sounds like a reasonable deal. There aren't people lining
up at his door to buy his stuff - no one even knows about it.
Did you want to go into the old parts business part-time? If so, I'd go for
it if it was me. But don't forget to think about: Moving the parts gotta
be 10 or more truck loads at $1,000 to 2,000 each including loading and
unloading. How much would it cost to lease land in TX to put all the stuff?
To build a building? To set up a business?
Hey, good luck.
Michael Lubitz
Renaissance Builders
(512) 306-1681
----- Original Message -----
From: "Brad Newman" <bkn6@airmail.net>
To: "oletrucks" <oletrucks@autox.team.net>
Sent: Tuesday, September 26, 2000 11:27 AM
Subject: [oletrucks] mecca
> I spent the better part of last week working in Colorado, and while
> there stumbled across what could be the find of a lifetime (mine
> anyway).
> Without giving away specifics, I met a guy in a hotel bar that swore he
> had an "AD" graveyard. He said that he had been collecting these trucks
> for over 25 years , with the thought that one day he would be able to
> retire from his day job, and sell the parts from these trucks and live
> happily ever after. Well, to make a short story longer, his wife has
> been diagnosed with cancer, he's working like a mad man at his day job
> and cant quit because he will loose his benefits. With all of this going
> on he's decided to sell all of his trucks and is looking for a buyer.
> Needless to say I was curious as to what the guy had, so the next day I
> went out to his place to see for myself (it was about 3 hours from the
> hotel). Here is what I found:
>
> At least 60 COMPLETE AD trucks, mostly 1/2 tons but there were some 3/4
> and 1 tons as well;
> At least 9 1.5 - 2 ton trucks, complete;
> At least 15 cabs, with doors;
> 32 216, 235 and 261 motors;
> 35 external visors;
> 5 cabovers;
> 6 panels
> 2 suburbans
> 2 milk trucks
> 3 school busses
> Plus, there were 2 barns filled full of trannies, 50+ grills, 40+
> radiators, 200+ wheels (15" and 16"), at least 45 pairs of doors, 50 +
> pairs of front and rear fenders, and at least 12 stock radios. This
> doesn't include the 20+ parts trucks, frames and misc. stuff that I
> didn't get to. To say the least, it was quite a find. There is nothing
> newer than 55 1st, and nothing older than 47 2nd. It's an honest to
> goodness AD Mecca.
> I'm thinking seriously about purchasing it all (the only way he will
> sell it), and going into the spare parts business part time. What I need
> from ya'll is your opinions as to what you think a fair price would be.
> The guy has thrown out $17,000.00 for everything, but I think he would
> take less. The other problem is getting it all from there to Texas
> without going broke.
> All thoughts and ideas are welcome; who needs a new truck?
> Thanks for the help
> Brad Newman
> 49 3100 Deluxe
> Coppell, Texas
>
>
> oletrucks is devoted to Chevy and GM trucks built between 1941 and 1959
>
oletrucks is devoted to Chevy and GM trucks built between 1941 and 1959
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