Quoted from egyptrus:
While I know you said that you couldn't pass along the warehouse deal because the sellers only want to deal with you, you could pass that deal on if you really wanted to, right? Couldn't you negotiate the sale and then either turn around and sell it to someone else local to the seller, or bring it back to PA and then sell it to someone else local to you?
I believe I've picked up pieces of the story over time and it's a deal you've been working a long time to complete. I'm also sure you feel a sense of loyalty to them to complete the deal but once it's complete, what's forcing you to keep the stuff? From what I've been reading it seems like you've got way more machines and parts than you can store so I'm not sure I'm following why you feel the need to keep the items you'll be getting from this deal. I assume that everything you'd be getting from the warehouse deal would eventually end up in your parts storage for future resale, correct? If that's the case, the stuff is either going to get sold now or later and if you're short on space, why not sell it now to someone else?
I actually plan to do more or less exactly what you are talking about but even doing that will take several trips to Norfolk, Virginia (about 900 miles round trip each time) so if I spend a day in Norfolk dealing with meeting people their it will be a 3 day trip each time. The tough thing is going to be the transaction with the seller. When I was doing my "first deal" with them they were upset that I brought my adult son along? So the first trip I will not be able to get anyone else involved.
What will likely happen - if all goes as planned - is I'll buy the contents of the unit and move some pinball machines back to PA on that first trip. Then I'll likely try to wholesale all of the arcade machines and jukeboxes to Lloyd (coinopwarehouse) or to a couple other people I have talked to about the arcade machines. The biggest issue I have with the unit is the 15 or 16 1970's jukeboxes that no one will really want except for maybe Lloyd.
So my second trip down will hopefully get the rest of the pinball machines & parts into my van & trailer and hopefully I'll have a buyer secured for the balance of the unit. If not I'll have to drive down to empty the jukeboxes into a dumpster and then transport the arcade machines back to PA to sell them.
Regardless of how it plays out I figure I'll be tied up the biggest part of a month getting all of it worked out. Then as far as the pinball machines go - they will likely be headed to the Allentown Show like I did a couple years ago with phase one of this same deal. I just don't have the time, interest or space to sell these machines from the house one at a time.
As far as me keeping the stuff from this second part of this deal -- if I keep anything it might be ONE machine. We are down to about 12 or 14 machines in our collection at the house and would like to sell off another 4 or 5 machines this coming year so I am really not interested in keeping anything from the warehouse deal. But there are suppose to be 4 or 5 High Speed machines in the lot and if one of them is nice I might hang on to that for a while. We have never owned a nice High Speed and I would like to add one of those to our collection short term if there is a nice one in the mix.
What would be idea is if I found a buyer for the parts business & got that sold before I need to start with the warehouse deal, then got that deal behind me before Allentown & could sell the stuff off from that deal at Allentown. Then after the Allentown Show I would be free to finish up with my two kid's houses and be ready to start on my sisters place by this coming Fall. That still doesn't give me any time to deal with the rest of my shit in 2019 but at least I wouldn't be trying to work on 3 houses at once and still be trying to sell pinball parts.
Sorry for another long post but as I always say it isn't as easy as people might think when you have your hands into way too much stuff.