Quoted from HighVoltage:That sounds about the ballpark to me: reading between the lines, asking prices total about 220K, and he paid well into 6 figures (let's say 120K).
My quick estimate of how much you could flip these for easily, before I saw the asking prices, was 150K. But I think I'm low on my NIB premium estimates.
Realistically, probably easily about 40K gross profit / 30% on investment.
Congrats! Should easily be able to keep two of the high end machines and still make some bank.
Fun to speculate...
Imagining telling "investors" I need 100K to buy pinball machines and I can double that money, made me LOL.
Maybe if you've got a bunch of rich pinhead friends...
Most of you guys who have never made a "bulk deal" don't realize these deals don't come cheap. When Troy says he is hoping to be able to keep one or two machines "for free" I have no doubt he is being 100% accurate. Maybe a $12,000 profit on the deal in the end once he is done. The days of doubling your money when buying and selling machines are long gone (and rarely ever existed in the first place). For every deal with the potential to make a huge return there are 1000 deals made with a 10% return (and that is if you are lucky and everything goes right).
Something else everyone looking for the outside forgets is how much personal sacrifice is made when doing a deal like this. Hundreds of hours spend searching out these deals, days of driving to pick one up when you find one (in most cases), laying out huge amounts of money hoping to make a few dollars in the end, and so on. Also the time lost making and picking up a deal like this is also income lost if you were home doing what you typically would be doing to make money. Then their is the cost of owning a truck or trailer (and the tow vehicle if you are using a trailer). If you don't own a truck or trailer and rent you have rental cost for the vehicle. Etc.
People from the "outside" looking at a deal like this keep thinking "how lucky the buyer was" but knowing what I know (being the buyer of several bulk deals over the years) I can tell you 100% for sure 95% of the time in the end it really wasn't worth all the time - effort - and work involved. And even when things work out great there is a price to pay with the wear & tear you put on your body abusing it like you have to moving a bunch of machines a lot of miles. There is also the stress involved with having a ton of cash invested hoping things come out OK in the end until you are finally in the black with the deal. Typically that takes at least a month or more when a dozen or more machines are involved.
I guarantee most people who have done it once will never do it again! It isn't as easy as it looks and Troy or anyone else who takes the risk truly deserves any profit they might make. I don't know Troy but I wish him luck & safe travels. I just wish people who don't understand would give guys like Troy a break when it comes to "easy money" - bulk deals are not easy money and in most cases were some of the hardest money I have ever made.