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Farnsworth's Business Mod.
We actually want a fully working business that you have to actually work in, in order to earn money. You could start working in an established business, like imagine working in this sports car garage!
Car Showroom Mod.
But, I would have given a bit more room over to the cars and less to the office and sitting area's. But its a great car-showroom. I reckon that this business would be a high end business of course and in my version of the game, you would not be able to walk straight into a job working here.
You would work in car-showrooms that sell cars with a lesser value. Or even perhaps selling BMX cycles (CJ in GTA SA style), or golf carts. Also, your first job would only be something like a cleaner, polishing the cars and windows of the show-room.
Of course, there would not just be a top end sports motors firm. Each different type of business would be harder to get into and more expensive to invest in. Perhaps with the Limousines and Luxury Motors being the very top, offering ordinary and bullet proof luxury cars.
Their location should also be typical for the area where their customers are, like commercial vehicle sellers need to be based in industrial areas. In order of cost to invest in each of the various motor trade businesses, I think they should go in this order:-
- The BMX and Skate-Board Showroom selling both new and second-hand. Look, we have those skate parks in GTA4 and no skate-boards like in Bully or our old BMX from CJ's GTA SA. WTF?
- The Bargain Basement Autos, sells the lowest priced second-hand cars and some small vans.
- Motorcycle showrooms, four separate businesses, selling new and used machines for:-
- Choppers and Trikes,
- Super-Bikes,
- Scooters and Road-Bikes,
- Trail-Bikes and Quads, NOTE:- each of these shops should also sell the biker gear like leathers, boots and helmets in keeping with the style of bikes they sell.
- The Midtown Motors, sells second-hand quality vehicles, cars and sports cars, and what would constitute a banger of the luxury car set. but not standard bangers.
- Small Light Commercials, sells new and second-hand - of any condition, small vans, pick-ups, tow trucks, fork-lift-trucks and small box-vans. Also, specialist vehicles like a hurst or ambulance, security vans and military jeeps.
- Uptown Motors, sells only new, mid to top range cars, not luxury cars.
- Heavy Commercial, sells new and second-hand of any condition, large vehicles, articulated trucks and trailers, large box vans and lorries, Trash-masters, mobile cranes and anything else not covered else-where, like container handlers and containers new and secondhand.
- The sports car showroom, sells only new sports cars.
- The Luxury Car Dealer, (Posh Motors), sells only top end luxury cars and limousines, including modifications to order like bullet-proofing and anti chase defense mechanisms.
- A Water Sports Showroom for new and second-hand power-boats and water-bikes.
- An Ariel Flight Showroom for new and second-hand helicopters and small planes.
This is more like it in the video below. Nice effort, getting all those cars placed inside!
GTA IV 4 Custom car showroom.
This is just like real life! It also shows that many people are like myself and love to play cars, like I did when I was a young boy, I'm 48 now! I love model trains, remote controlled vehicles, kite's and all sorts of board games, on-top of my games console addiction. My five kids say, I'm hooked up to my 'life-support' system. I agree!
You would really have to work at your first couple of jobs for at least a week or two in game time, whereby, challenges would be thrown in your way, like things that make you late for work! Other scenarios would be:- (I'd like some comments and ideas to add to this post please).
You are supposed to make sure the waste bins get emptied, but the jerk with the yard keys, didn't turn up for work and the bins did not get emptied. You have to get rid of the piled up rubbish before the owners see it, or you will get sacked!
You get to work, shining all the cars and parking them out-side, for a big show day, first there is a shower and you have to run round all the cars. Switching on ignitions and pressing the electric roof close buttons before the interiors get wet.
Another day, cars are out and a flock of those pesky pigeons shit all over the cars. Not only do you have to take each to the car wash, but you have to valet the inside of each car too! Having to do this, sort of teaches you an important lesson, to keep outside cars under an awning or to keep their convertible roofs closed, until and unless the are going to be demonstrated.
Cars inside, can have their roofs open all the time of course! But, there will be no tutorial to tell you any of this. You just learn this through common sense and trial and error. Keeping roofs open attracts more customers who are driving by on hot sunny days to stop and take a look! More chances for sales!
Damages and costs to cars, costs of cleaning cars and related lost sales due to cars being off the car-lot for cleaning and valeting or resprays, will damage the sales figures for the business.
Grand Theft Auto IV Car Pack V2.0
You are left in charge one day, and vandals attack, throwing stones and damaging the cars. Beat up the vandals without killing them. Putting them in hospital or hog-tie them GTH style, (Red Dead Redemption), (use tie-wraps), ready for the police to arrest them. Who, lets face-it, (just like buses), are never around when you want one. then when you don't need them anymore, 15 turn up at once and kick your door in!
If you kill anyone, you will loose your job and the business owners will abandon you, even though it was you trying to protect their business, that got you into trouble! (No-change there! Just like real life then)!
I've already talked about how the act of 'working' works in another post or two elsewhere. Please see articles like "Button Pressing Hero" Sequences and the article post GTA Side Missions Dance Offs.
Car Showroom Job 1, The Valet.
Jobs in the Car Showroom, first there is obviously cleaning and polishing the cars, sweeping up rubbish and taking it to the bins, cleaning the showroom windows, watering the plants ('The Sims' style) and any other similar task.
You would have to do this job for a week, 8 hours a day in GTA game time, (which is actually 8 minutes in our real world reality)! After a 6 day week, if you have done well, not been late, not been blamed for anything etc, then you might be asked to train up your replacement.
This means having to work for another three days, to train your new guy they introduce you too. (This guy is just a random AI off the street, so neither you nor the game businesses AI knows how he or she will perform. Depending upon their personal qualities, they may either be under or over-qualified for the job or just right for the job. This means that the worker will be happy in the job and will be content to stay in the position.
GTA 4- All 3 Car Dealer Locations.
There are more ideas within this first job and for after training another worker and how you might still have to be involved in sorting his problems out too. But, I think I've given enough of an idea to explain what we want in the game. Possible basic wage idea, is about $300 a week, no bonuses!
Car Showroom Job 2, The Transporter.
After a promotion, the next job up the ladder, would be taking cars on the car transporter, or by driving them, to get them serviced or resprayed. Collecting cars from the import docks, or delivering cars to customers and for export (if that is an aspect that has been developed in the business). All the businesses are up-gradable in various ways, so that you can expand the business and income.
Like with the first job, many things will crop-up, to cause you hassle and stress. (Just like in the real world). At this point, you also might start a little wheeling and dealing of your own, perhaps doing a little drugs running or borrowing the businesses car to carry out your own business! You know how it goes.
If the bosses catch you, or if you get into trouble with the police and your bosses find out, it would mean the end of your job and you wouldn't be able to get a job working at that business or even any similar business for about 3 weeks on game time. (Till they forget).
Ideas for problems that might arise are:- (Again, comments and ideas please).
You get caught for speeding, in one of the company cars, that you are not supposed to be driving and the police tell you they are sending the speeding fine to your bosses business within the next few days.
There is nothing you can do to avoid being stopped, (it works like a cut-scene at random), you have to make sure you are in the business early every morning to collect the mail from the mail man. You need to find your speeding fine and get it paid without the bosses knowing!
The business has a small two-car, car transporter. You get to drive it for deliveries and collections. It saves driving the businesses cars that are for sale, adding wear and tear and lessens the risk of damages due to crashes. You have to look after this vehicle. If you crash it, you should get it repaired at your own costs. Otherwise, you might lose your job if the damages exceed your weekly wage!
Obviously you are going to have a few scrapes here and there. You are not allowed to keep the vehicle over the weekend. Finishing at 4pm on a Friday, you must deliver the vehicle to the contracted garage repair shop. This is not the same business owned by your bosses, but a separately owned, other business that holds the contract to repair the car showrooms vehicles and do body-work etc..
The point here, is that if you do damage any of the businesses vehicles, you won't be able to take the vehicles to the nearest garage repair shop, as this is usually the contracted repair shop for the business you work for; and they will just charge the repair bill to the businesses invoice. You will be found-out and get the sack!
So, damaging cars, could be expensive. Time and travel-wise!
We were also hoping for the ability to gas up the cars, and for them to run out of fuel, have various amounts of fuel in them when you get them for the first time etc. So, another consideration, will be paying out for fuel, if you use the company cars. You might have a side-line going, stealing a little fuel here and there, as it is your job to gas-up the cars, when they have been sold to the customer. Customary full tank of fuel and all that.
You cannot fill the cars full, prior to the final end sale, since legal rules say that the showroom could become a ticking time bomb, if there is a fire in the showroom etc. Plus, to fill all of the cars before sale, would cost the business hundreds of dollars.
GTA 4: Shawn114483's Car Collection,
Whilst you are doing your job, the salesman may ask for your help with various tasks, (I have plenty of ideas, but I will keep most of them to myself for now. Since, if we ever do get this game built, I will have revealed everything, I think I've given enough ideas to generate plenty of interest. But, after saying that, I want to give one more idea.
The Salesman asks you on several occasions to help out with the odd demonstration and he splits the commission with you if you make the sale, (since you are not allowed to be paid the commission and the fact that the Salesman still has to pay the income tax on his wages, on what should have been his income anyway)!
Again, like with the first job, you may well be asked to train-up your replacement, after a week or so of work, due to the promise you showed in selling the odd car when the salesman was busy with other customers. Possible basic wage idea, is about $500 a week, no bonuses! (But, you might get a back-hand payment from a salesman for selling the odd car).
Car Showroom Job 3, The Salesman.
The Salesman's job is to sell cars of course. GTA3 LCS, Toney Vercetti style, you have to demonstrate the driving characteristics of each car. Lets have all the same things that was in that mission. Possible basic wage idea, is about $500 a week, with earned commission bonuses!
People buy cars for all sorts of reasons. If you remember the GTA3 Liberty City Stories side missions of the car salesman, people would buy for some unusual reasons. Like, a woman may say, "I want a nice heavy car to run that bastard of a husband of mine over with!" or a gangster may buy a fast car, or bullet-proof car, or even a car with a large boot / trunk to put dead bodies in!
GTA3 LC Stories, Car Salesman Video.
The business can have more than one Salesman, it depends on the Salesman's rank with length of time served, being the deciding factor as to who gets the customers as they walk in through the door. So, the longest served salesman gets to say if he wants to take customers that have just walked in. If he decides to pass, (maybe they look like they have no-money), the second longest time served Salesman gets the choice and so on.
Salesmen, (or women), get paid a basic wage, plus a bonus for each sale they make. This next thing is sort of a game secret, but I thought that I'd let this one slip out, just to show you the types of things I've got in mind. Listen-up, I'll whisper OK. If you know lots of people, like people you've met all throughout the game, and if you have their mobile number or land line phone number or address, you can contact them to tell them that you are now a car-salesman for XYZ Motors and that if they need a car, you can possibly work a bit of discount for friends.
When they come in the door, they ask for you, and will even wait for you to finish with a current customer. You could have several people waiting, that is why it was good you met all those people whilst you were taxi-driving, and took the time to drive them carefully and concentrate and talk to them. You got to know them, and now it is paying off! Selling them the car of their dreams may even open up more doors for you, you never know. (hint).
Offering discounts, would entail you giving up a little of your commission. If the commission is 20% and you give up 10%, you can get more sales and possibly win the salesman of the week reward, which is 5% of all the combined sales for the week. So you might earn most of the 10% commissions you gave away, back!
GTA 4 Vehicles.
I have not worked out all the car pricing or the commissions, costs of running the business etc. But these are just fine details that can be worked out later.
I shall just assume that a car sells for two-thirds more than its purchase price. That was a score I have had in a similar job. Then, 25% of the sale price goes to the sales force commissions, not the basic wage. (I think that's about right! - No doubt, someone out there will be a car-salesman, and put me right on this, I'm just guessing). 5% goes in the pot, for the weekly salesman of the week award, and the remaining 20% goes to the salesman who made the sale as his main earner.
If a sports car costs $10,000 wholesale, the retail is $30,000 - The business has overheads for rent, heat, light and community services like waste, power and water services. Transport costs, security costs, company vehicles costs and maintenance, insurance and fuel bills. Also, banking, telephone and a wages bill for basic necessary staff and provisions like fixture and fittings used in the business. Topping it all off with advertising and any miscellaneous costs. Does it all sound too complicated? Don't worry, the computer (and an AI secretary) takes care of all this, all you need to see is a stats sheet! OK!
Coming from the other side, 25% of $30,000 is $7,500 and 5% of that goes in the pot. $1,500 per $30,000 sale. Next, this means you get a bonus of $6,000 - unless you gave away 10% then its only $3,000. You can see that you would be on a good earner, if you could aspire to being a car-salesman in the top sports-car showroom. Or even better still, aspire eventually to being the owner!
This leaves $22,500 for the business, that has already paid out $10,000 for the car at wholesale! The remainder is $12,500 per $30,000 sale. (The company owners don't care if you give away your own 10% of your own commission. (You also still pay income tax on the 20% commission)! I hope this aids to clean up the reputation of the GTA series somewhat, as it could actually be thought of as a business training game, if we get all of this stuff right! It teaches our young about the real world and how businesses work. (Hey, we all know that our kids are playing these 18 certificate games, and no-one will ever be able to stop them. Ever)!
GTA San Andreas BMW Garage Mod.
For me, this business side is just great fun. I have always enjoyed strategy games and some of the other ideas I have, let you manage your business expenses just like in the real world. Its great fun, but, as I've said in other posts, I don't want to spoil the game for those who just like the game the way it is now! In this instance, I've always said that I want switches in the options menu, to turn off or alter levels of difficulty on all fronts and aspects of the game. Right from things like turning the police response difficulty down or totally off, or winding it up to insane level! The choices, (all of them), will be yours!
One last thing about Salesmen, if there are not enough customer sales, Salesmen will get the sack if they do not make at least one sale a week. (This minimum should be altered for businesses like the heavy commercial, since a sale might only happen once every two or four weeks).
The time you spend with a client, potential customer, will vary, some will be time wasters, some will want to try several cars before they buy. So, a demo is where you drive to demonstrate the car, and then if the customer is still interested, they will want to test-drive it for themselves.
This entails you taking them back into the sales room to get more details for insurance and security purposes, like their driving license and address details are taken down and the driving license is kept on your person till the test drive is over and the car returned without damage, but you will only have to do this once. They may take further test-drives in several cars to decide which car they want, without having to give-up their license and details again.
In the test drive, the potential purchaser will drive and you will either sit in the passenger seat or in the back if they have brought their spouse or partner with them. This is another place for potential disaster. They could crash the car, which costs on the businesses insurance and this also is charged to your commissions as 50% of the damages are paid by you and 50% is covered by the businesses insurance if the business has insurance! If not, the business owners are breaking the law, by not having insurance to cover the potential customers damages to third parties and the showrooms stock.
The business owners don't have to have insurance if they are not taking the cars out on the road, this might be a potential way to reduce business start-up costs. Only that you would sell very many less cars, since you cannot demonstrate them or offer test drives.
The first level of insurance after no-insurance, will be building and contents insurance that just covers the business assets if in case of fire, theft or vandalism. It also covers the business vehicle and any stock carried in or on it, and for the purpose of driving the cars onto and off the transporter, onto private land of the business, the docks pickup point or for delivering to the customer!
The second level of insurance is to cover your workforce, (if you give them permission), to drive the showroom vehicles, for demonstration purposes and or on the showrooms own business. A Salesman might take cars out to park-up on busy roads to generate extra sales. Also, the salesman might use a showroom car to go home in as by way of a business perk. (Although this does put the vehicle at risk of damage and theft and produces wear and tear. Every 100 miles on the odometer, knocks $1,000 off the sale price.
The idea is to sell off the vehicles ASAP, certainly before the vehicle hits the 100 mile odometer reading, because then, the car becomes a showroom soiled vehicle and can no-longer be described or sold as 'new'.
Certain cars, like a showroom soiled vehicle, (or any showroom car), can be offered as a prize in an advertising campaign, when you are the manager! (Just thought that I'd mention that prematurely here)!
When salesmen get sacked, they can still be re-offered a job in the future, if things pick up! Each Salesman needs his own desk on the showroom floor, so space is also another limiting factor. Rearranging the showroom and buying more furniture as and when you are the partner / owner, or single owner would be the answer perhaps. Again. this works 'Sims' style.
Remaining GTA Car Showroom Jobs Overview.
Other positions within the GTA car showroom are, the showroom manager, and the first level of car showroom ownership where you would buy into the business as a working partner. You can progress to sleeping partner, where you earn more and do no work, or you can also own the whole business yourself outright and still have to work in the business. But, you get to keep more of the profits.
The Custom Garage GTA SA.
We should be able to make our own signs and name our businesses as we please, like in this video for the Custom Garage GTASA!
Car Showroom Job 4, The Car Showroom Manager.
The Car Showroom Manager is responsible for hiring and firing, (and can do car sales if the need arises)! He's the boss, he's the owner who runs the business, even if not the major shareholder, he is the controlling owner who manages the business how he sees fit. So long as the profits don't start to take a dive on a regular basis, the sleeping partner won't be interested or ever get involved in the business. If profits do fall constantly for three to four weeks, then the sleeping partner will show up to bollock everyone off!
This is also where you might get AI hints from the AI Sleeping partner, as to what to do to improve sale figures like, running a prize draw competition, for all customers who purchase their next car through our showroom.
Holding a wine and buffet evening. The Sims party style, with a caterer and barman, is a way to get people in the door to discuss their next car, sit in the cars, be offered discounts, and / or take a demonstration, even being picked up or dropped off at home as the demonstration part. (but not test-drive at this stage). Their details can be taken, so that they can come in by appointment and take a test drive, because they have just had their demo at the wine and dine evening!
You can employ temporary chauffeurs, (These are highly experienced taxi drivers doing a bit of moonlighting for you), to do the demonstrations. These are also professional drivers who definitely won't crash and you will be assured that your potential buyer gets exactly the perfect demo for them. This improves your sales, to almost 100% of the people who take the demo.
The only-way you can mess up the sale, is not to have the make and model of the car they took their demo in, in the color of their choice! This is where the challenge is, setting the appointment for when you can get a hold of a new car for them, and then getting the color changed if not right. This may be where illegal shenanigans start, with ringed cars, or stolen to order cars, resprayed cloaked and clocked and then passed on to the unsuspecting customer.
You might give them a ringer temporarily, to buy yourself time, until you can take delivery of a new car, of the make and model the customer wants. Then you would have to steal back the ringer you sold them and swap it for the new one they should have got the first time around, matching the color, number-plates and chassis ID's! Returning the car before day-break.
The ringer models can be used over and over, being kept in a secret location till they are needed. So, you might have six or ten stolen cars each of the same make and model car, all in different colors. But, without fixed orders, or the fact that cars take time to be delivered and people want their cars now, that is why you have to operate like this to make the big money!
Check out the article post:- GTA Car Ringing Operation.
The sleeping partner will tell you about advertising options, in newspapers and mags, Radio and TV. Offer himself as a celebrity or hire a celebrity to be at the showroom to meet invited guests etc. Send out invites to business owners, sell to fleet, (like Limousines Fleet). - If sports car showroom, then fleet is like the street racers and companies who can enter cars in races as an advertising gimmick. This is also something that you can do, Host the race, put up the prize money, putting a car in a race with your advertising on it and even drive in the race, if you are the owner / manager.
The Bargain Basement Autos would run an event at the banger races, figure of 8 - wreck and roll race.
The Midtown Motors would run a saloon car street race.
The sports car showroom might run a street race or even a track race.
If the sleeping partners profits are affected constantly, falling for 3 to 4 weeks, he will bollock you and threaten you with looking for another business partner and force you to sell out at the companies current failing value within one month, so you had better take notice of what advice he gives.
This is where a bit of cat kicking comes in! If the manager looses some of his profits, he will in turn bollock-off the sales-force, until things pick-up. If sales are still dwindling, it is possible that one or more of the salesmen is not getting sales. This person gets a bollocking and eventually his lack of commissions, will mean he gets the sack. With no sales, his basic wage will leave him with just $500 for the week. (I thought $500 basic per week at the sports car showroom level). After two weeks with no sales, he is paid off with his basic wage of $500 at the end of the second week.
The Salesman get 2 weeks warning, you get one month to turn things upward. So long as the sales start to rise and remain at one or more sales a week, then you will be OK. On another point, the business has a cash float of $100,000 in the bank. This should be enough to buy in cars, but also for every car sold, the wholesale price is re-banked so that it is ready and waiting to pay for the next shipment order.
So, did we say the business has $12,500 left before overheads? I think we did! - Lets assume the rent on the premises costs $2,000 a week, then there is $1,000 roughly to cover bills per week. (Don't worry, this is only working with one sale a week, more sales after that are all profit)! Then there is the Secretary, lets say $500 a week.
The Secretary is not a job done by the player and is always an AI, as far as I have concerned myself with this aspect. I cannot work out what jobs you would do as a Secretary. The Manager does the ordering and signs all cheques etc. Deals with all calls, with the exception that the Secretary directs calls to whoever is asked for, like sales people on the showroom floor. Shall we add insult to injury, (I just said I cannot work out what they do), but lets have them make the coffee too! Ha ha ha.
The Manager does the ordering and might even go to meet the cars at the import dock, along with the Transporter Guy. Perhaps cars can even be delivered in containers, directly to the rear of the car showroom!
The manager also contacts the overseas manufacturer and chooses make, model and colors of the cars. Arranges the delivery date and sets up the work schedule for the transporter to collect the vehicles. Whilst at his desk, perhaps for as long as you like, but with about a minimum of at least 2 to 4 hours a day, as a manager, you earn the second highest wage and do the second least work for it.
The top earner being the sleeping partner, who earn 60% of the final profits and does no-work for it. He might even own the property and earn money for that via another business. The sleeping partner, might own other businesses that service the car showroom, like the car servicing garage and the truck servicing garage. There are many businesses, like the gas station who sell fuel to the car-showroom to fuel their cars in two ways.
GTA SA Tuning Garage.
One way, is at the petrol stations pumps and secondly via the car showroom upgrade to the on-site fuel tank. This benefits the car showroom in that they can buy more fuel in bulk at an overall lower price, and not have the expense and risk of having to take their cars to the gas station to get fueled-up.
Doherty Garage: Cleo and Ipl.
The sleeping partner might also own the gas station and the fuel transport company that delivers the fuel! So you can see where you can be in a few years down the road. Your goal is to own everything, yet without having to do any of the work, whilst having gained the correct knowledge from working in each of the industries that you now own. Working in the industries, enables you to lend managerial advice and help if or when any of your businesses start to have problems when you are a sleeping partner.
GTA SA: CJ's Garage!
I've enjoyed writing this this evening, it has taken me about 6 or 8 hours to get these and many other ideas down that are to remain off the record for now, so that we have some game secrets left for you to discover, (and a day to edit it and find videos)!.
Doherty Garage Mod: GTA San Andreas.
I want to finish up that income for the manager and sleeping partner.
So, after all the business expenses, and assuming that there are no other sales or expenses in the form of paying for damages, we have basically written off $3,500 to business expenses. $7,500 in commission and another $1,000 will cover the basic wage for at least two salesmen. (but remember, we have only worked out for one sale, and a salesman needs to make a minimum of one sale a week to keep his job. So we are being generous and paying for two Salesman's basic wages at $500 each!
+ $30,000 Revenue.
$10,000 Wholesale Cost. -
$7,500 Commissions. -
$3,500 Business Expenses -
$1,000 Salesman's Basic x2 -
------------
$22,000 Total Expenses
-----------
$8,000 Profits.
$4,800 To 60% Sleeping Partner.
$3,200 To 40% Manager / Owner Partner.
All that is from just one sale! Subsequent sales bring more profits, since all of the basic wages and initial or primary business costs have been covered for the week! A second sale may well add up as below.
This will be properly worked out in the finished game, this is just a rough demonstration example. Re-work this out for yourself if you like. I am just saying, I don't claim to have thought of everything, nor that my figures are exact. You could add another $1,000 expenses just in case I forgot something.
Other considerations not taken into account here are that all the cars have different prices and when the businesses is actually running, there will be other expenses that alter, as the business ticks over.
Don't worry about it! Leave it all to me! (I can worry enough for both of us)!
+ $30,000 Revenue.
------------
$10,000 Wholesale Cost. -
$7,500 Commissions. -
------------
$17,500 Total Expenses
-----------
$12,500 Profits.
$7,500 To 60% Sleeping Partner.
$5,000 To 40% Manager / Owner Partner.
So, with just two sales a week as a manager you earn $8,200 a week.
As a Sleeping Partner you earn $12,300 And the business should be self funding!
And no! I have not forgot about income tax, and sales taxes. this is charged later at the end of the year, and your accountant would have told you how much to set aside, or how to avoid paying it! Also I am assuming to have sale tax worked into the $30,000 price tag, or to be part of the business expenses. I cannot think of everything just now, so give me a break won't you?
I have also assumed that the business is already up and running, so that it is just up to you to earn the cash to enable you to buy in at the rate of 40% of the cost of the business. Although you might have to negotiate, and even go to 60% of the value of the business to buy in.
This is how the partner selling up, makes a bit more than his original stake, as well as any equity that he had already got in the business by way of having built it up whilst he had the business. The old partner, usually becomes the sleeping partner as his sleeping partner either dies off or totally retires from business.
The valuation on the business is made by taking a stock check and checking the profit and loss accounts and cash flow and future sales projections. At a basic level, if the business has ten cars for sale at $10,000 each wholesale, that would value the stock at $100,000 and you would need between $40,000 and $60,000 to buy in.
There are other factors too like good-will and turnover to consider. So if we simply doubled that for arguments sake, that is $80,000 to $120,000 to buy in. Its only a bank robbery away! Or a bit of wheeling and dealing!
Some GTA car showroom side notes:-
Whilst you are taxi-driving, people in your car might want to listen to the radio. They might hear an advert on the radio for a new car and then make a comment and start a conversation with you. If you are polite and friendly and drive normally and don't rip them off by trying to take them the long way round, they may well feel friendly towards you, and ask for your number so that they can book you for future rides.
The more you get to meet and know people, the more information about themselves they give you and vice-versa. So, if they later ring you expecting you to still be taxi-driving and then find out that you are now into car sales, they may ask about, if you can get them that car they heard about on the radio, that time back in the taxi! Get it!
Buy now! (as the salesman would say)!
Niko. Bye!
If the LISTEN NOW LINK is not working or unavailable, then
CLICK THIS LINK
to open the recordings page and
SELECT THE POST you want to listen to, from the list.
SELECT THE POST you want to listen to, from the list.
TAGS: GTA Businesses, GTA Businesses Car Showroom, GTA car sales, GTA salesman, GTA car showroom cleaner, GTA valet, GTA valeter, valet'er, GTA transporter, GTA business insurance,
Article © AndyGold 2011, all other material used like but not limited to images and video, is copyright to either its creator or originator or is used under a creative commons / public domain license.
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Thanks! Niko.