Home » Public Forums » GMCnet » AZ Partnership
| Re: [GMCnet] AZ Partnership [message #161785 is a reply to message #161784] |
Tue, 28 February 2012 06:59   |
jhbridges
Messages: 8412
Registered: May 2011
Location: Braselton ga
Karma:
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When I was selling Cessnas, we occasionally sold one into a partnership. Most of them did well, probably because we always told the prospective partners to write down everything, and to list and compare where they flew to when the last few years. Combine a businessman or two with a weekender or two, and you get a working arrangement. We suggested a price per engine hour into the 'kitty' and set it higher than the true cost. That way, instead of being hit with an unforseen charge, you had reserve for overhaul and maintenance, and if you ended up a bit ahead, you could add a feature (new radio, etc). We also suggested an 'end of agreement' agreement as to how the partnership would be dissolved. Your friendly lawyer can show you all of this, and draw up the papers.
For a GMC, I'd try to mix a weekender with a retiree or someone else who did mostly weekday runs. Split holidays however you agree, and maybe alternate each year "You get Xmas I get 4th this year, next year we swap". I'd start a kitty, and toss maybe 50 cents per mile and twenty bux a day into it. Evaluate at years' end and see if you're gaining or losing. You want this, plus the newbie's buyin to contain maintenance and upgrade money when something comes due. Thus, when the 455 comes up for overhaul, you need to have 6k or so there to cover it.
Partnerships also require that you make timely repairs. 'I'll do it next week' doesn't work qwhen a partner is headed out day after tomorrow. But, it can work and work well.
--johnny
'76 23' transmode norris
'76 palm beach
From: Randy <Acrosport2@hotmail.com>
To: gmclist@temp.gmcnet.org
Sent: Tuesday, February 28, 2012 7:36 AM
Subject: Re: [GMCnet] AZ Partnership
Mike Miller wrote on Tue, 28 February 2012 03:37
> BUT... It could work.... with the "right" partners.
That's a big reason for posting it here and not on Craigslist, etc. I would probably have to do almost as many repairs due to lack of use as someone breaking something.
--
Randy
1973 26' Painted Desert
Ahwatukee (Phoenix) AZ
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Foolish Carriage, 76 26' Eleganza(?) with beaucoup mods and add - ons.
Braselton, Ga.
I forgive them all, save those who hurt the dogs. They must answer to me in hell
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