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Another camper manufacturer in administration

Started by tryagain, January 19, 2018, 05:57:30 PM

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tryagain

January 19, 2018, 05:57:30 PM
http://mobile.abc.net.au/news/2018-01-19/gidget-retro-teardrop-camper-owes-millions-staff-and-customers/9339692

Not your typical "can't compete with the imports" story though, the prices and deposits mentioned make you think that it should be able to be profitable.
<a href="http://www.myswag.org/index.php?topic=49024.msg840065#msg840065">My Softfloor Camper</a>

Bird

#1
January 19, 2018, 05:58:45 PM
think its mentioned in the news thread..
but anyone who was payin 50,000 for those tiny things .... drugs are bad
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Gone to a new home

tryagain

#2
January 19, 2018, 06:19:22 PM
Quote from: Bird on January 19, 2018, 05:58:45 PM
think its mentioned in the news thread..
but anyone who was payin 50,000 for those tiny things .... drugs are bad

Did have a quick look but couldn't see it elsewhere, but 50k and by the looks of things, about 20k deposits, it sounds like a recipe for a successful business given the comparitavely minimal camper materials required.
<a href="http://www.myswag.org/index.php?topic=49024.msg840065#msg840065">My Softfloor Camper</a>

Bird

#3
January 20, 2018, 08:24:39 AM
Quote from: tryagain on January 19, 2018, 06:19:22 PM
Did have a quick look but couldn't see it elsewhere, but 50k and by the looks of things, about 20k deposits, it sounds like a recipe for a successful business given the comparitavely minimal camper materials required.
rant thread.

but yea sounds like that Qld company that went toes up years back - exact same with asking for huge deposits and just disappering
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Gone to a new home

McGirr

#4
January 20, 2018, 08:42:42 AM
Some people paid the full amount up front. They were in finacial trouble back in 2016 but kept going.

Mark
Living the dream working our way around Australia.

Ernabella SA, Warburton WA, Mt Barnett Roadhouse in the Kimberley, Peppimenarti NT, Ramingining NT, Gapuwiyak NT, Gunbalanya NT, Bidyadanga WA, Ali Curung NT, Tjuntjuntjara WA. 18 places

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Bird

#5
January 20, 2018, 08:47:03 AM
Quote from: McGirrSome people paid the full amount up front. They were in finacial trouble back in 2016 but kept going.
sounds like
Mark
thats devastating for some poor bastards, but like the Qld one sounds like lots of alarm bells were ringing...
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Gone to a new home

McGirr

#6
January 20, 2018, 09:51:46 AM
Living the dream working our way around Australia.

Ernabella SA, Warburton WA, Mt Barnett Roadhouse in the Kimberley, Peppimenarti NT, Ramingining NT, Gapuwiyak NT, Gunbalanya NT, Bidyadanga WA, Ali Curung NT, Tjuntjuntjara WA. 18 places

https://www.facebook.com/Working-and-Traveling-Australia

Julian Kaye

#7
January 20, 2018, 01:07:37 PM

  This should serve as a lesson to all people when it comes to purchasing anything of substantial value. A deposit is no more than confirming an intention to purchase. My policy is 10% deposit is fair enough, 20% is OK but the limit, anything over this and I walk away. I don't mind a fair deposit  as a commitment to purchase but I'm not there to provide operating capital to a business.

Bird

#8
January 20, 2018, 02:32:34 PM
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Gone to a new home
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