$1,000,000.00 Inventory selling at or below cost |
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$1,000,000.00 Inventory selling at or below cost |
BPic |
Mar 23 2020, 09:48 AM
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#1
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Member Group: Members Posts: 341 Joined: 5-February 18 From: Miami, Florida Member No.: 21,864 Region Association: South East States |
Hello everyone,
COVID19 has taken it's toll. As some of you know I work for a company that sells Golf carts, turf equipment for golf courses, Polaris Off-Road vehicles and several other vehicles to the Caribbean and Africa. We were humming right along at $3mil a month and hit a brick wall with this COVID shit. We had to make some very hard choices because the money dried up overnight and customers were cancelling orders. We had to layoff 50% of our employees and I took an 80% pay-cut. (no matter what level you are at with pay 80% is a killer) I went into damage control mode this weekend and will be fine. (although Porsche parts are now on hold (IMG:style_emoticons/default/headbang.gif) ) Now I'm worried about the employees. We have decide to liquidate our inventory to keep afloat. If you know of anyone that may be interested in any of these products please send them my way. I put a classified in Non-914 stuff here ---> http://www.914world.com/bbs2/index.php?showtopic=344229 I hope we can sell some of this off so I don't... (IMG:style_emoticons/default/barf.gif) Thanks everyone, Brad |
SirAndy |
Mar 23 2020, 09:50 AM
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#2
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Resident German Group: Admin Posts: 41,618 Joined: 21-January 03 From: Oakland, Kalifornia Member No.: 179 Region Association: Northern California |
Btw. Brad ran this by me first before posting here.
I hope this all works out for you ... (IMG:style_emoticons/default/sad.gif) |
BPic |
Mar 23 2020, 10:31 AM
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#3
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Member Group: Members Posts: 341 Joined: 5-February 18 From: Miami, Florida Member No.: 21,864 Region Association: South East States |
Btw. Brad ran this by me first before posting here. I hope this all works out for you ... (IMG:style_emoticons/default/sad.gif) Yes. Thanks Andy, I should have mentioned that. Cheers all!! (IMG:style_emoticons/default/beerchug.gif) |
r_towle |
Mar 23 2020, 10:36 PM
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#4
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Custom Member Group: Members Posts: 24,573 Joined: 9-January 03 From: Taxachusetts Member No.: 124 Region Association: North East States |
Golf carts electric?
Prices? |
campbellcj |
Mar 24 2020, 07:05 AM
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#5
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I can't Re Member Group: Members Posts: 4,543 Joined: 26-December 02 From: Agoura, CA Member No.: 21 Region Association: Southern California |
I'm not in the market for anything like that right now, but wish you the best of luck!
Crazy times. My wife has run a successful business since 2004 which has instantly been put into jeopardy by the shutdown. With zero cash flow, not many businesses can hang-on more than a few months based on cash reserves and credit. Can relate. |
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