Re: Schumacher Creative - Engine-swaps.com - what happened?
[Re: TJP]
#2809941
08/17/20 08:07 PM
08/17/20 08:07 PM
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Joined: Dec 2003
Posts: 23,842 Here
jcc
No soup for you!!!
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No soup for you!!!
Joined: Dec 2003
Posts: 23,842
Here
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I tried to buy the business but we could not come up with a deal we were both happy with. So he shut the doors and didn't get a dime for the business, instead of working out a deal with you? Makes no sense... He obviously decided he didn't need the money and/or maybe was not inclined for others to make money off his designs/efforts from over the years. What may not make sense to us, did for him, is the best takeaway at his point.
I forbid my content here from being learned and used by artificial intelligence systems.
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Re: Schumacher Creative - Engine-swaps.com - what happened?
[Re: jcc]
#2809952
08/17/20 08:38 PM
08/17/20 08:38 PM
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Joined: Jan 2003
Posts: 11,005 Freeport IL USA
poorboy
I Live Here
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I Live Here
Joined: Jan 2003
Posts: 11,005
Freeport IL USA
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One thing to consider, If he sells the business and the buyer turns out to be less ambiguous, or has a different perspective on how to treat people, anything the new owner does gets laid on the first guy's reputation and his name gets drug into the dirt, and the guy that bought the business probably get by with little trouble. Understand, I'm not in the least saying anyone that has attempted to buy the business would do such a thing, but as a former business owner, that sort of thing is always a chance you take if you sell to someone else. I closed my business without even considering selling it. I built my business, and anyone else would most likely run it differently then I did, good or bad. By closing it, I know no one is going to tarnish my name, should things go astray. If someone wants to start from scratch, then what they build will be about them.
So many think producing the parts Schumacher produced is so easy, it shouldn't take very long before someone fills the gap, and the previous owner still has his good name intact that was built on his reputation. The new guy (S?) can build their own reputation to stand on. Instead of investing money in the Schumacher name the new people can invest in designs, material, equipment, advertising, and man power to produce the new kits. Gene
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Re: Schumacher Creative - Engine-swaps.com - what happened?
[Re: jcc]
#2809980
08/17/20 10:15 PM
08/17/20 10:15 PM
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Joined: Jan 2003
Posts: 21,605 Eagle, Idaho
Neil
The Doctor is in.
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The Doctor is in.
Joined: Jan 2003
Posts: 21,605
Eagle, Idaho
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I worked for a business that was sold to a new owner and that guy ruined it and bankrupted himself within a year or so. I quit before it fell apart. If the new owner doesn't have people skills it won't matter how nice the product is. Word will get out and it'll tank eventually
This motor mount business make sense for someone who already has the tools and ability to take it on and add it to whatever they are already selling. If a non-car guy buys it just looking to get his investment back and nothing else then good luck.
Last edited by Neil; 08/17/20 10:16 PM.
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Re: Schumacher Creative - Engine-swaps.com - what happened?
[Re: AndyF]
#2810193
08/18/20 12:45 PM
08/18/20 12:45 PM
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Joined: Jan 2003
Posts: 27,118 Rio Linda, CA
John_Kunkel
Too Many Posts
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Too Many Posts
Joined: Jan 2003
Posts: 27,118
Rio Linda, CA
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I guess if nobody buys the business I'll eventually take a look at making some of the swap parts since people really need those brackets. Kudos to you.
The INTERNET, the MISinformation superhighway
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Re: Schumacher Creative - Engine-swaps.com - what happened?
[Re: sixpakdodge]
#2810229
08/18/20 02:27 PM
08/18/20 02:27 PM
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Joined: Dec 2013
Posts: 4,871 Wichita
GY3
master
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master
Joined: Dec 2013
Posts: 4,871
Wichita
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I had gotten the impression that Schumacher bought the rights to produce Imperial Service's products, or was the exclusive distributor. Imperial had no influence over any other aspect of the business.
The loss of the Imperial Services products really hurts the Pre-1965 Mopar crowd...but there are other options if you seek them out. Sounds correct. I had the rubber trans conversion mount to bolt a later 727 in an early B body that I got from Schumacher and, as I recall, it had the Imperial Services logo on it.
'63 Dodge 330
11.19 @ 121 mph Pump gas, n/a, through the mufflers on street tires with 3.54's. 3,600 lbs.
9.92 @ 135mph with a 350 shot of nitrous and 93 octane pump. 1.43 60 ft. 3,750 lbs.
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Re: Schumacher Creative - Engine-swaps.com - what happened?
[Re: 71TA]
#2810230
08/18/20 02:28 PM
08/18/20 02:28 PM
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Joined: Dec 2003
Posts: 23,842 Here
jcc
No soup for you!!!
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No soup for you!!!
Joined: Dec 2003
Posts: 23,842
Here
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AndyF would be one of the very few people that I know of in the Mopar community able to do this and you would KNOW it's a correct, quality, power coated product. However, I believe the Schumacher offerings already met those quality goals, and the owner decided evidently not to continue, for reasons unknown, and I'm sure profitability played a part, so Andy will have to accept the same financial compromise, or increase his pricing on the same items, or reduce his manufacturing costs some way like going offshore, increasing efficiency by increasing sold product, or streamlining manufacturing, etc, or some combination. Meaning a replacement source would be fantastic for the hobby, but expecting things to remain the same, will be a stretch.
I forbid my content here from being learned and used by artificial intelligence systems.
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Re: Schumacher Creative - Engine-swaps.com - what happened?
[Re: 318 Stroker]
#2810430
08/18/20 08:26 PM
08/18/20 08:26 PM
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Joined: Jan 2003
Posts: 4,211 Canada -- Posts: 4034 -Registe...
5thAve
Doesn't care what this says anyway
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Doesn't care what this says anyway
Joined: Jan 2003
Posts: 4,211
Canada -- Posts: 4034 -Registe...
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I tried to buy the business but we could not come up with a deal we were both happy with. So he shut the doors and didn't get a dime for the business, instead of working out a deal with you? Makes no sense... I know several people who shut down when they quit their business instead of selling. For all of them it wasn't about the money they didn't want to see their business run into the ground.
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Re: Schumacher Creative - Engine-swaps.com - what happened?
[Re: 5thAve]
#2810484
08/18/20 10:52 PM
08/18/20 10:52 PM
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Joined: Feb 2015
Posts: 2,147 CA
crackedback
top fuel
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top fuel
Joined: Feb 2015
Posts: 2,147
CA
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Part of the reason when consulting with new business ventures I ALWAYS suggested that that owners NEVER have their name within the DBA company/coporate name/logo.
Make the association much easier to distance after a sale.
And NEVER EVER EVER EVER personally finance the sale of a business to new owner... EVER!!!! It's a recipe for heartache. Seen too many that see a fraction of the financed amount actually paid. Most go default and lose everything.
Last edited by crackedback; 08/18/20 10:54 PM.
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Re: Schumacher Creative - Engine-swaps.com - what happened?
[Re: crackedback]
#2810492
08/18/20 11:35 PM
08/18/20 11:35 PM
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Joined: Jan 2003
Posts: 1,909 Nebraska
4406bbl
top fuel
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top fuel
Joined: Jan 2003
Posts: 1,909
Nebraska
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Part of the reason when consulting with new business ventures I ALWAYS suggested that that owners NEVER have their name within the DBA company/coporate name/logo.
Make the association much easier to distance after a sale.
And NEVER EVER EVER EVER personally finance the sale of a business to new owner... EVER!!!! It's a recipe for heartache. Seen too many that see a fraction of the financed amount actually paid. Most go default and lose everything.
THIS!!!! Most who want a business have nothing, if you back them you will both have nothing, might as well knock it in the head on your own.
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Re: Schumacher Creative - Engine-swaps.com - what happened?
[Re: crackedback]
#2810548
08/19/20 08:11 AM
08/19/20 08:11 AM
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Joined: Dec 2003
Posts: 23,842 Here
jcc
No soup for you!!!
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No soup for you!!!
Joined: Dec 2003
Posts: 23,842
Here
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Part of the reason when consulting with new business ventures I ALWAYS suggested that that owners NEVER have their name within the DBA company/coporate name/logo.
Make the association much easier to distance after a sale.
And NEVER EVER EVER EVER personally finance the sale of a business to new owner... EVER!!!! It's a recipe for heartache. Seen too many that see a fraction of the financed amount actually paid. Most go default and lose everything.
What you describe is "bad dealing making" IMO, its possible if the deal is properly structured, a default by the buyer can be advantageous to the seller. I speak from experience. So if you can't cut a self protective deal, follow the "never,ever......." advice. Nothing in business is without risk.
I forbid my content here from being learned and used by artificial intelligence systems.
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Re: Schumacher Creative - Engine-swaps.com - what happened?
[Re: jcc]
#2810573
08/19/20 09:06 AM
08/19/20 09:06 AM
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Joined: Jan 2003
Posts: 1,909 Nebraska
4406bbl
top fuel
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top fuel
Joined: Jan 2003
Posts: 1,909
Nebraska
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Part of the reason when consulting with new business ventures I ALWAYS suggested that that owners NEVER have their name within the DBA company/coporate name/logo.
Make the association much easier to distance after a sale.
And NEVER EVER EVER EVER personally finance the sale of a business to new owner... EVER!!!! It's a recipe for heartache. Seen too many that see a fraction of the financed amount actually paid. Most go default and lose everything.
What you describe is "bad dealing making" IMO, its possible if the deal is properly structured, a default by the buyer can be advantageous to the seller. I speak from experience. So if you can't cut a self protective deal, follow the "never,ever......." advice. Nothing in business is without risk. It really depends on the business...if internet based it is a lot easier to take it back and get it running again. A brick and mortar business, that produces product, has quality standards, and a reputation, is near impossible to rebuild after a sale and failure, you can remake, or reinvent it, but it will never go back to what you had. It also takes $$$$$, the reason you sold it in the first place. Then you get to deal with the customers bitching because of what happened, you can have the same guy making the same product and the customer will say, it is not the same, you changed something.
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Re: Schumacher Creative - Engine-swaps.com - what happened?
[Re: jcc]
#2810588
08/19/20 09:47 AM
08/19/20 09:47 AM
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Joined: Jan 2003
Posts: 12,497 Warren, MI
71TA
I Live Here
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I Live Here
Joined: Jan 2003
Posts: 12,497
Warren, MI
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AndyF would be one of the very few people that I know of in the Mopar community able to do this and you would KNOW it's a correct, quality, power coated product. However, I believe the Schumacher offerings already met those quality goals, and the owner decided evidently not to continue, for reasons unknown, and I'm sure profitability played a part, so Andy will have to accept the same financial compromise, or increase his pricing on the same items, or reduce his manufacturing costs some way like going offshore, increasing efficiency by increasing sold product, or streamlining manufacturing, etc, or some combination. Meaning a replacement source would be fantastic for the hobby, but expecting things to remain the same, will be a stretch. Some of us arent making Mopar parts to get rich [me raising hand] And I agree Schmacher did a quality part. The thing about Mopars is the volumes are SO small that its cost effect for a small company to make 5 of these at a time AND charge a bit of a premium.
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Re: Schumacher Creative - Engine-swaps.com - what happened?
[Re: 71TA]
#2810593
08/19/20 10:03 AM
08/19/20 10:03 AM
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Joined: Feb 2005
Posts: 20,279 PA.
pittsburghracer
"Little"John
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"Little"John
Joined: Feb 2005
Posts: 20,279
PA.
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Are his products patented. That could be opening a can of worms.
1970 Duster Edelbrock headed 408 5.984@112.52 422 Indy headed small block 5.982@112.56 mph 9.38@138.67
Livin and lovin life one day at a time
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Re: Schumacher Creative - Engine-swaps.com - what happened?
[Re: pittsburghracer]
#2810617
08/19/20 11:05 AM
08/19/20 11:05 AM
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Joined: Dec 2003
Posts: 23,842 Here
jcc
No soup for you!!!
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No soup for you!!!
Joined: Dec 2003
Posts: 23,842
Here
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Getting a patent is costly. Enforcing a patent is almost cost prohibitive. For a small business they are mainly for ego and a deterrence to the less informed. So in my eyes, no real can of worms, and Andy for example with his legal background, likely already knows the loopholes.
I forbid my content here from being learned and used by artificial intelligence systems.
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Re: Schumacher Creative - Engine-swaps.com - what happened?
[Re: jcc]
#2810618
08/19/20 11:07 AM
08/19/20 11:07 AM
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Joined: Nov 2007
Posts: 21,930 Kirkland, Washington
Pacnorthcuda
Too Many Posts
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Too Many Posts
Joined: Nov 2007
Posts: 21,930
Kirkland, Washington
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Getting a patent is costly. Enforcing a patent is almost cost prohibitive. For a small business they are mainly for ego and a deterrence to the less informed. So in my eyes, no real can of worms, and Andy for example with his legal background, likely already knows the loopholes. You sound like your business ethics are of the highest order! Sarcasm off.
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