HPH for sale? Options

[MartyYeoman]

I just saw this both on Craigslist and Facebook Marketplace.
Maybe Rich is just fishing.

[JeffBowlsby]

The land/building should be separated from the P-car parts for maximum value. I wonder what they are worth separately? Would be a major hit to the hobby if the parts are scrapped. Auction off the parts as a single lot then sell the real estate. Typical way businesses liquidate without ownership transition. We just saw this with PartsHeaven and EASY.

[vitamin914]

The land/building should be separated from the P-car parts for maximum value. I wonder what they are worth separately? Would be a major hit to the hobby if the parts are scrapped. Auction off the parts as a single lot then sell the real estate. Typical way businesses liquidate without ownership transition. We just saw this with PartsHeaven and EASY.

That seems like the only reasonable option to get the most out of the inventory or maybe break it up into multiple lots to make it easier to sell.

Unless someone has the desire to take it on as a business, the parts are a liability not an asset. Even as an asset, it can only be valued at slightly more than scrap rates, definitely not at retail/wholesale values. It is not NOS. Very few will value the parts any other way and that is hard for owners to accept.

When a local Porsche scrapyard (Nineapart) in Ontario, Canada, closed its doors last year (the owner sold the property) he said he was getting roughly $100 to $150 per ton of steel. Of course that didn't stop him from charging me the going rates on parts from the last five 914s I picked over the day before they were crushed...

I could understand where he was coming from. He would have to pay $15k or more for a written off 911 and then have guys trying to buy parts for not viable nickel and dime prices. What baffled me was he still wouldn't let me at things like the 914 door handles and dashboard parts... even from the 914 that had folded in half. Not like he was going to harvest them for a retirement fund before the property changed hands in two weeks... go figure - tough to let go I guess. Best of luck to these guys...