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-   -   Anybody want to go in on buying Hurricaine? (http://www.clubcobra.com/forums/all-cobra-talk/88036-anybody-want-go-buying-hurricaine.html)

mr bruce 05-31-2008 07:18 PM

Anybody want to go in on buying Hurricaine?
 
I have the tools/skills/location to build them. Beaverun close by for track testing/R+D work .Just need some investors to make it happen. I also have molds for the Slab, FIA, DragonSnake+ LeMans hardtops, and Daytona Coupe. All models of the Cobra would be covered instantly. Anybody?

jwd 05-31-2008 07:23 PM

If you were in the Northwest, I'd say "let's do it"

Jim

LMH 05-31-2008 11:32 PM

I kind of thought of the same thing Bruce. Kind of an owner/owned business.
Problem is, I have most of my money tied up in my car!! So it would depend on how much each investor would need to cough up.
Larry

dlampe 06-01-2008 06:47 AM

I have all of their corperate info. I was trying to help a buyer come together with Mike and Rich earlier this year. If anyone is serious about this, I will be happy to talk about a buy out. The company was profitable with plenty of orders. They had some overhead issues that the new ower may not have. Send me a PM if you are interested in tossing around some ideas. I would love to own a cobra company.

mr bruce 06-01-2008 07:58 AM

Dead serious,. Send your phone number and best time to call to -Rcherv1228atAoL.com

DTurnbull 06-01-2008 08:55 AM

How much you looking for? I'll seriously consider this. :)

SF_SN888KE 06-01-2008 09:30 AM

dlampe and mr bruce:
Post some general information about the sale/offer: current liabilities, warranties, back orders, overhead, profit margins, etc.
What kind of structure? LLC, C Corp?
It's not just the purchase price, there is new inventory, marketing and sales support, shop overhead, employee salaries, and etc. Figure you need 2x, 3x, 4x to keep it going?
How many investors do you want in the structure? It has to be managable. Future $ contributions? If you need 4x with 5 investors, that's $100k each.
We would all like to be in this business, but it's a tough market against FFR, SPF, Shelby, and Kirkham.
I'm sure you have lots of interest, (I even thought abut it!) but this will weed out those who are serious.
Just my $0.02

berzerko 06-01-2008 07:57 PM

sounds like maybe this could go somewhere with Mr Bruce handling all the glass work thats a big hurdle right there
It is a novel idea owning a composite car company I thought about calling mike to discuss what the profit margins are, speaking with jason he said a car would be mocked up in less than 2 weeks with 2 men working on it (160 hrs)seems a little high but with better tooling and equipment that could be shortened
I know from conversations with mike that dean and jay n both had input on improving the design of the kit
I'm biased but hurricane and there owners provided service and quality second to none

Bobby

Joe Wicked 06-02-2008 05:49 AM

I would love to be a part of this, and I actually looked into it myself. My only problem is I don't have the money to buy a Cobra, let alone the company.

JBo 06-02-2008 09:17 AM

"Walk softly and carry a big accountant" or something like it!

H-Rod 06-02-2008 05:17 PM

"If you buy it, they will come".

:MECOOL:

jayscobras 06-02-2008 06:05 PM

good points
 
one and all. I would think that any possible buyer would ask one very simple question. "all things equal, customer service, quality, delivery, on going business properly funded...almost same everything...how many of you would buy a Hurricane car in the next twelve months?" That is a question that any potential buyer should ask. If I were to venture a half million investment (minimum to do it right) I would.

Jay

powerslide 06-02-2008 06:24 PM

The best way to make a "small fortune" in the Cobra replica business is to start out with a "large one!"

Be careful what you wish for.....

jdean 06-02-2008 06:53 PM

Yep, with 500K into it, you only need to sell 150 cars to break even.

Cashburn 06-02-2008 07:11 PM

Quote:

Originally Posted by jdean (Post 847762)
Yep, with 500K into it, you only need to sell 150 cars to break even.

That would be very easy in a strong year for any of the top replica manufacturers at this point... something to chew on. :JEKYLHYDE

RACERAL 06-02-2008 07:16 PM

With Mr. Bruce doing a proper body on that car, it would be a hit!!

jayscobras 06-02-2008 11:41 PM

geez
 
I asked a simple question and recieved a bunch of opinions not pertaing to the question...gimme a break here and let me form an idea. Some answers please from the supposed buyers that this question was asked..no dealers, builders or suppiers need to respomd unless you want to throw $$$ at this situation:)

Jay

PANAVIA 06-03-2008 12:17 AM

there are many ways to restructure a co without that much cash. I am in the middle of restructuring a co right now or i would jump in. send me a PM and i will call you, and gladly be a second set of ears.

mr bruce 06-03-2008 05:00 AM

I already have the fiberglass shop, and fabrication facility, so $500k is not needed. My name is NOT Lubinsky. Anybody want in , E-mail me at Rcherv1228atAOL.com with your number

dlampe 06-03-2008 06:13 AM

I would buy a car from them in the next 12 months. Anyone else?


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