St. Paul, MN -- Fairway Flyerz is For Sale [Twin Cities, MN Disc Golf Retailer]

[shawny0123]

There's numerous ways to value a business, I used this as only one example. Even taking the high side of the listings annual sales ($250,000 and assume 50% profit margin) and plugging that into that formula, a generous valuation would be $185,000 including the combined $36,000 listed in inventory and fixtures.

 

[Cgkdisc]

The $250K may be too high. But my point was simply that inventory at any point in time may not be a good indicator of worth since it's seasonal.

 

[HeavyCritters]

As a smart businessman, you reduce inventory as you move into winter in this part of the country (white discs in particular) plus he knew he was going to be selling the business for a while.

No offense to Mike, but that shop was always low on inventory.

 

[steinkecm]

Business value is typically based on annual sales. Inventory value primarily matters for liquidation.

That's not actually true. It's factored in, but is not the value.

 

[Cgkdisc]

I'm saying if the inventory value can be shown to be "normal" for that time in the business cycle (company history), its current value is only a small part in valuing the business. If it's abnormal, then the difference may be relevant in either direction.

 

[spinachd]

No offense to Mike, but that shop was always low on inventory.

Yes - and the price per disc is high - and the disc racks are terrible.

Good location though.

 

[THUGNIFICENT763]

Disc prices were on avg 2 bucks higher per disc than GGGT.

 

[THUGNIFICENT763]

The gas station off County C2 by Acorn had better disc prices than Fairway Flyers, just sayin.

 

[djschnabel]

The gas station off County C2 by Acorn had better disc prices than Fairway Flyers, just sayin.

If I remember correctly, this gas station is a reseller for GGGT.

 

[Aim For The Chains]

There are a few different ways to price commercial property. All of the ways I'm aware of show its pretty over valued at $250k being a business name and inventory sale with no real property included. I was legitimately interested until I saw that awful asking price. Can buy an entire office complex just down the road for $100k more

 

[Steve West]

There are a few different ways to price commercial property. All of the ways I'm aware of show its pretty over valued at $250k being a business name and inventory sale with no real property included. I was legitimately interested until I saw that awful asking price. Can buy an entire office complex just down the road for $100k more

So, make him an offer for the price you would want to buy it.

 

[Kodachrome]

No offense to Mike, but that shop was always low on inventory.

eeeeeeeeyup.

 

[Aim For The Chains]

So, make him an offer for the price you would want to buy it.

In my experience we are too far apart for a meeting of the minds to even make a practical offer. Plus I don't see it listed on the commercial MLS seems like side avenues being used to procure the sale.

 

[THUGNIFICENT763]

If I remember correctly, this gas station is a reseller for GGGT.

Correctamundo

 

[HeavyCritters]

Yes - and the price per disc is high - and the disc racks are terrible.

Good location though.

^ Every single part of this.

He never really capitalized on that location and those HUGE windows overlooking Rice St were so primed to catch people's eyes. Almost a damn billboard.

 

[spinachd]

I would assume Airborn will move in there. It is natural and right.

 

[Pwingles]

Is this seller the dbag that nobody likes or a different guy

 

[dark_clark]

Sale Went Through?

Looks like the seller found a buyer.

Hm... address is the same as "fairway flyerz" retail store located here in MN.
http://www.dgcoursereview.com/forums/showthread.php?t=91239&page=13

Good catch 'chains!


http://www.deltadiscgolf.com

The website for Delta Disc Golf has an address listed, which is the same as Fairway Flyerz's old address.

 

[Aim For The Chains]

I wonder if it's sold or if they same people are involved with the delta cart as Fairway Flyerz...?

If the Delta website is updated (which appears is the case) the carts are there to demo. Might have to stop in and see what's up!