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Ultimate Geek
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Topic # 242097 10-Oct-2018 16:26
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Partner of friend has bought a dairy.


$30K. Hours are to be 7:30am to 5:30pm 7 days.


Going to sell coffee.


And apparently lollies to primary school kids from nearby school.


 


Thoughts?


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  Reply # 2105729 10-Oct-2018 16:34
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Thoughts?

 

On what exactly,

 

Tthe $30K price? which sounds cheap for a business,

 

The hours?- which sound short, most dairies I know usually open  past 8pm

 

Or selling lollies (and presumably fizzy drinks) to Kids?, which is likely to get lent on by the health-police in the near future ....

 

 


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  Reply # 2105750 10-Oct-2018 16:54
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I think they bought a dairy.


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  Reply # 2105758 10-Oct-2018 17:04
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Don't forget to put cigarettes aside for the armed robbers.

 

 





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  Reply # 2105762 10-Oct-2018 17:10
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30k seems pretty cheap for a dairy ??





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  Reply # 2105809 10-Oct-2018 17:50
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Wouldn't call this a "Startup". Moving to Off Topic.




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  Reply # 2105823 10-Oct-2018 18:31
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I am wondering if perhaps they bought a diary for 30K. Seems expensive, but not nearly as improbable as a decent dairy for 30K :) 

 

 




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  Reply # 2105833 10-Oct-2018 18:57
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Yes the purchase price was $30K.

 

Yes I think it's cheap.

 

Perhaps because he took ages to sell it? I don't know.

 

 

 

Thoughts on what should change, not change, what they should sell, concentrate on etc,.

 

 

 

I didn't buy it, as I said, friends partner did. No dairy experience....

 

I classed it as a startup- ok, it was an existing business but she gutted it, and didn't keep much old stock and wants to change the way it was run before...so it is a startup really.


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  Reply # 2105837 10-Oct-2018 19:10
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Personally, I'd be looking for what gets people through the doors. Cheap Milk and Bread and then product placement is what you want.

 

Your friend will learn what she can purchase cheaply and sell at huge margins. 

 

She needs to get her head around that no dairies in NZ work the hours you are proposing. They are popular because they are convenient. This means being available when others aren't. 

 

 


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  Reply # 2105990 11-Oct-2018 00:37
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30K means nothing without knowing the turnover and some figures around margins. Does that 30K include stock? And I'm assuming that the premesis is rented at that price.

The dairy near my house turned 1/2 of their premesis into a laundromat.





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  Reply # 2106030 11-Oct-2018 07:59
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pctek:

I classed it as a startup- ok, it was an existing business but she gutted it, and didn't keep much old stock and wants to change the way it was run before...so it is a startup really.



For this to belong in the Startups sub-forum, firstly it should be YOUR startup. Also, it is expected that it would be technology based;
.......at least closely related to technology that can be used in New Zealand




Keep calm, and carry on posting.

 

 

 

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  Reply # 2106045 11-Oct-2018 08:58
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Presumably the $30k is not including freehold on the premises - and you'd have a lease, I don't think that's "cheap".

 

From the look of most of them, you're taking on the opportunity to earn less than minimum wage and to be sued for any other assets you've got if you can't meet the lease payments.

 

(Yes - some dairy/convenience stores do okay - but they won't be for sale for $30k).

 

If the nature of the business is being changed from dairy to cafe / tuckshop, then why pay any goodwill or for stock, fittings etc?  Better to start off from scratch.


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  Reply # 2106084 11-Oct-2018 09:59
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Where is it?

 

My parents used to own a dairy, but it was in a beach location (directly across the road from a popular beach). Sold a ton of icecreams over the summer (and Coke, and 50c bags of lollies). It made them pretty good money - was turning over about $2k in winter and $4k in summer (per day, early 90s). I remember the summer Coke deliveries - was basically a half of one of their curtainsider trucks - we had boxes of Coke anywhere we could fit them. All sold over the summer though.

 

They sold that business for a lot more than $30k, back in about 1994. It's still going pretty well - location means everything.

 

 


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  Reply # 2106143 11-Oct-2018 11:41
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If I was running a dairy in this day an age, I wouldn't sell tobacco products. Not due to any moral reasons, but the increases in tax have made dairies a target for armed robbers. I'd also put a big sign on the front of the premises, stating NO CIGARETTES just to save the crims the trouble of breaking in only to find nothing to take.


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  Reply # 2106250 11-Oct-2018 14:08
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great thread title

 

 

 

maybe be a little more descriptive in the future so you don't waste peoples time clicking on it


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  Reply # 2106257 11-Oct-2018 14:19
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Journeyman:

 

If I was running a dairy in this day an age, I wouldn't sell tobacco products. Not due to any moral reasons, but the increases in tax have made dairies a target for armed robbers. I'd also put a big sign on the front of the premises, stating NO CIGARETTES just to save the crims the trouble of breaking in only to find nothing to take.

 

 

I think you'd struggle. People come for the tobacco and then buy other things, without that pull you would be losing a huge portion of custom. Margins are huge, but you need volume too as there can be a lot of waste.

 

It's not just the cigarettes but all the accessories etc too.

 

Some dairies I have seen have small vaping areas now too.

 

 


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