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914World.com _ 914World Garage _ Parts stash & property FS !
Posted by: 914werke Feb 7 2023, 06:09 PM
Saw this & made me go Hmm 
https://www.facebook.com/groups/219458605157328/permalink/1664107597359081/?sale_post_id=1664107597359081
"Significant opportunity for serious Porsche Collector or vintage Parts House
16,000 square feet of floor to ceiling Porsche Parts!
From A-to-Z Porsche Parts
46 Year collection of mostly Air-Cooled Porsche Parts up to 1988
25’ x 100’ Shop with 8 service stalls (2500sft) 13,500sft. 3 story (approx. 4500sf per floor) building featuring class “B” office space along with ADA compliant bathrooms.
Each floor features cement flooring engineered to hold the weight and access to parts and supplies.
7000sft. Securely fenced parking lot.
The Shop initially focused on Porsche 914’s it also covers air-cooled 911s,912s as well as front engine Porsches of the ‘80s and ‘90s such as the 928, 944,924 & 931.
Turn-Key operation for Air cooled Porsche Auto Repair, Restoration & Parts Or fantastic hobby shop/club house for a group of Porsche Enthusiasts!
Real Estate, Building, Inventory, fixtures, Equipment, Good will
$11,500,000 Placerville CA
Serious inquiries only, parts will only be sold as one lot."
Anyone familiar with this gent /shop?
Pics of significant (914) parts stash but none of the property.
Posted by: 914Sixer Feb 7 2023, 06:19 PM
I think it is Rich Bontempi (sp).
Posted by: 914werke Feb 7 2023, 06:20 PM
Thought of that but OP was listed as "Maury"
Posted by: Unobtanium-inc Feb 7 2023, 08:34 PM
Here is a better description with pics.
https://images.bizbuysell.com/shared/listings/205/2056035/1200c71a-aad7-4c92-abea-cb74f9cd589d.pdf?_gl=1*1h857s8*_ga*MzExOTY1MTkwLjE2NzU4MjM2MDk.*_ga_NJNXMWK3N9*MTY3NTgyMzYwOS4xLjAuMTY3NTgyMzYwOS4wLjAuMA..
Posted by: JeffBowlsby Feb 7 2023, 08:38 PM
Thats High Performance House all right. Rich Bontempi.
Posted by: SirAndy Feb 7 2023, 08:58 PM
Thats High Performance House all right. Rich Bontempi.
NOT in the city of Placerville though, but instead in Redwood City, CA.
http://www.highperformancehouse.com/
Not sure why it says Placerville in the footer ...
PS: Rich has been trying to sell the place for at least 15 years now.
Posted by: infraredcalvin Feb 7 2023, 09:05 PM
Thought of that but OP was listed as "Maury"
Maury appears to be the broker…
Posted by: mepstein Feb 7 2023, 09:35 PM
PS: Rich has been trying to sell the place for at least 15 years now.
That’s what usually happens when you add up everything at retail. There’s no incentive for the buyer. Holding costs are higher than any possible appreciation.
Posted by: Jett Feb 7 2023, 10:54 PM
I have bought a few very rare parts from Rich and appreciate that I could get them. That said, each time I swore never to return because the prices are unexpectedly high. Whereas with AA, George sold us a couple of NOS carpet sets that were very expensive but they still felt like a deal.
Posted by: Unobtanium-inc Feb 8 2023, 08:46 AM
The problem with parts stashes like this is you can get wow'ed by the volume, without realizing that you will be living with most of it when you are done, just as this guy is. When you have someone who was an active shop and active seller of parts for years and years and they have whole racks of a part like doors, hoods, engine bits, all that tells you one thing, that's the stuff that doesn't sell.
In the Porsche world 356 stuff is pretty rare but there is still stuff that will never sell. So when I look at a parts stash and the guy had 25 heads, 10 brake drums, 5 engine cases, and a bunch of engine bits I pass. I already have a lifetime supply that I will die with.
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Posted by: Superhawk996 Feb 8 2023, 08:58 AM
This stuff is going on all over the country. Unrealistic price expectations for commercial businesses and commercial property.
Try working out the business case that will support an $11M “investment” in property and inventory. It doesn’t work.
I’m not an expert on CA real estate but suspect that if the property alone had that sort of value or prospect for significant appreciation it would have sold and someone would simply be scrapping what’s onsite.
Posted by: rhodyguy Feb 8 2023, 09:17 AM
How large is the market for what looks like 100s of used 914 doors, lids and tops? At high end pricing? My guess? Not very. Semi trailer full of cardboard boxes and pallets required.
Posted by: mb911 Feb 8 2023, 09:19 AM
silly prices. take a couple million and walk away.
Supertec runs a small parts business aside from the engine building business. Henry is realistic about it and knows the real value will be when it sells some day.
Posted by: NARP74 Feb 8 2023, 09:37 AM
Your kids don't want your parts. Get them out in the world to circulate. I have met a few guys like this selling parts. They know of the top end value of the part and want that value. They bought wholesale, sat on them as an investment and want to sell high retail to make a profit. Sometimes the market passes them by. That German hoarder guy we saw the video of will be in this boat at some point in his future. It was a good plan at the time but they lost site of the business plan and it turned emotional, not good business.
I contacted him in the past for parts, he had what I wanted but too much for my project.
Posted by: mrholland2 Feb 8 2023, 10:20 AM
The high price reflects the location of the property (bay area-the bay area keeps getting larger and larger). It may still be unrealistic, but folks think that anything remotely "bay area" should be 400 times the rest of the planet. Don't get me wrong, I loved living there but the crazy folks with more money than sense drove up real estate prices so much that they are now unaffordable for those that drove up the prices!
Posted by: mepstein Feb 8 2023, 11:38 AM
Like Adam, we’ve purchased some big part stashes. It’s expensive to move and store. Our last big haul, from a shop in Texas, we left all the 914 parts that weren’t from a six. Crawling around a loft in Texas heat, packing up, loading the trucks, driving up to PA, unloading, unpacking, sorting, etc. - the novelty wears off and anything that isn’t needed or profitable is just surplus. If you’ve ever paid money to store parts, you realize at a certain point, it’s more profitable to throw them away than to store and try to sell.
The guy with 50 of each - empty transmission cases, hoods, struts and trailing arms in their possession is just delaying the inevitable trip to the metal recycling yard.
Posted by: NARP74 Feb 8 2023, 12:19 PM
Breaks my heart to think of parts I might need going into a scrap metal bin for salvage, but that's the economy of the situation. On a much smaller scale, I have moved bins of parts from other projects from the garage to the basement. I considered a storage unit. In less than a year what I pay for the unit would exceed the value of the parts. My kids don't want my parts either.
Posted by: rick 918-S Feb 8 2023, 03:29 PM
Then there is the issue of what was saved and what was actually good. I tried to purchase an early door a couple months ago. I had a member here check out what was pulled from the rack . They were not usable in my book. So 300 doors and the 4 that were pulled for vieing should have gone to the scrap.
Posted by: Van B Feb 8 2023, 06:31 PM
Definitely feel sorry for the loss to his family. I’m sure that guy was a real character. I had a tab open to his ebay store I kept open for a NOS 1.8 vac can that I was hoping the price would drop to a reasonable level one day… he was asking $395! Now it looks like it’ll be gone forever… bummer. Hoarding never pans out!
Posted by: mepstein Feb 8 2023, 08:19 PM
It’s just a for sale ad, not an obituary.
Posted by: sixnotfour Feb 8 2023, 08:29 PM
Prices are if only...My horse Won..
Posted by: Van B Feb 8 2023, 08:35 PM
It’s just a for sale ad, not an obituary.
Ah my bad. Thought I read sometime back the owner was in poor health.
Posted by: Unobtanium-inc Feb 9 2023, 03:19 PM
Like Adam, we’ve purchased some big part stashes. It’s expensive to move and store. Our last big haul, from a shop in Texas, we left all the 914 parts that weren’t from a six. Crawling around a loft in Texas heat, packing up, loading the trucks, driving up to PA, unloading, unpacking, sorting, etc. - the novelty wears off and anything that isn’t needed or profitable is just surplus. If you’ve ever paid money to store parts, you realize at a certain point, it’s more profitable to throw them away than to store and try to sell.
The guy with 50 of each - empty transmission cases, hoods, struts and trailing arms in their possession is just delaying the inevitable trip to the metal recycling yard.
Yeah, you know how it is, long and hard.
The trick to TX is do it in the winter, it isn't so bad.
This was a guy whose dad was the SW Distributor for Porsche until the early 70's, the warehouse was almost all NOS stuff, we loaded the whole U-Haul, every inch. Those are the stashes you want, lots of little NOS pieces, not big take offs of cars that rarely go bad. Like the time I went to guy's place and he had a who loft of 944 rear hatches, he said it's all money!
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Posted by: mepstein Feb 9 2023, 03:33 PM
In the TX trip, we got all the air cooled parts from a big shop. It was May or nothing. Engines, trans, etc. Two 25’ trucks loaded with a forklift. We spent $2k in lumber to build large crates and purchased 150 Home Depot plastic crates for small parts. Forklift rental. Flight and hotel bills for 5 guys and truck rental and gas to get it back to PA. Some paid labor. It’s not cheap to do a big haul. We shoot for 33% of retail before expenses. Otherwise it’s not worth it.
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