Lucas 9 Posted September 14, 2018 (edited) Dear All, I am new to the forum. I live in Shepperton, Surrey. I am keen to start or join an used car business here. I have £200K cash ready to invest in the business but with zero experience in the industry. So, please contact me if you would like to expand your existing business. Or, if you are an experienced pro who also looking for a partner, too. Thanks. Edited December 7, 2018 by Lucas Share this post Link to post Share on other sites
MattR 177 Posted September 14, 2018 can you move to nottingham 1 Share this post Link to post Share on other sites
Mark101 536 Posted September 14, 2018 (edited) Santander 11-00-44 14237895 Please Don't, that isn't my real bank details Edited September 14, 2018 by Mark101 Share this post Link to post Share on other sites
Lucas 9 Posted September 14, 2018 6 minutes ago, MattR said: can you move to nottingham No. I just bought a house here two months ago. Thanks. Share this post Link to post Share on other sites
trade vet 701 Posted September 14, 2018 19 minutes ago, Lucas said: Dear All, I am new to the forum. I live in Shepperton, Surrey. I am keen to start or join an used car business here. I have £200K cash ready to invest in the business but with zero experience in the industry. So, please contact me if you would like to expand your existing business. Or, if you are an experienced pro who also looking for a partner, too. Thanks. Hi Lucas You must be very carefull.Keep in touch with us guys,you are entering ‘shark infested waters’.You need potential partners trading accounts and personal bank statements going back 3 years.You will need to check them out at Companies House and also get various other references. 3 Share this post Link to post Share on other sites
EPV 631 Posted September 14, 2018 24 minutes ago, Lucas said: Dear All, I am new to the forum. I live in Shepperton, Surrey. I am keen to start or join an used car business here. I have £200K cash ready to invest in the business but with zero experience in the industry. So, please contact me if you would like to expand your existing business. Or, if you are an experienced pro who also looking for a partner, too. Thanks. Mate if you have £200k the quickest way to shrink that to £100k and worry if you’ll ever see a profit is to get involved with cars i’m looking for finance if you’re serious, send me pm and let’s see if we can get some sort of conversation going. Share this post Link to post Share on other sites
Lucas 9 Posted September 14, 2018 5 minutes ago, Mark101 said: Santander 11-00-44 14237895 Please Don't, that isn't my real bank details Thanks. Got it. But I am serous looking for a business partner. Share this post Link to post Share on other sites
NOACROSS 414 Posted September 14, 2018 As above- be VERY careful and start with 30-50k/ see how you get on for a year or so FFS! 1 Share this post Link to post Share on other sites
Lucas 9 Posted September 14, 2018 2 minutes ago, trade vet said: Hi Lucas You must be very carefull.Keep in touch with us guys,you are entering ‘shark infested waters’.You need potential partners trading accounts and personal bank statements going back 3 years.You will need to check them out at Companies House and also get various other references. Thank you very much trade vet. I will keep this in mind. Share this post Link to post Share on other sites
Mark101 536 Posted September 14, 2018 My best serious advice would be to spread your risk. I.e. place £50k with 4 dealers instead of £200k with 1 dealer. Also, you'll make a better return and less hassle by funding rather than tangibly getting involved. 1 Share this post Link to post Share on other sites
Lucas 9 Posted September 14, 2018 3 minutes ago, NOACROSS said: As above- be VERY careful and start with 30-50k/ see how you get on for a year or so FFS! Thank you NOACROSS. I will be very careful. 3 minutes ago, Mark101 said: My best serious advice would be to spread your risk. I.e. place £50k with 4 dealers instead of £200k with 1 dealer. Also, you'll make a better return and less hassle by funding rather than tangibly getting involved. Thank you Mark101. Good advice. The problem is that I don't know any dealer in the area. That is why I am here to searching for some one! Share this post Link to post Share on other sites
Mark101 536 Posted September 14, 2018 3 minutes ago, Lucas said: Thank you NOACROSS. I will be very careful. Thank you Mark101. Good advice. The problem is that I don't know any dealer in the area. That is why I am here to searching for some one! Further spread risk by having multiple dealers in multiple regions. 1 Share this post Link to post Share on other sites
Zest 7 Posted September 14, 2018 have a few startups on board too, always good to diversify! Share this post Link to post Share on other sites
Andy Entwistle 96 Posted September 14, 2018 Following this topic for moderation... 1 Share this post Link to post Share on other sites
Mark101 536 Posted September 14, 2018 To be honest Lucas, I have three people wishing to invest in my business but it is me pushing back. I chose this path because I want to be accountable to no one but myself and as soon as an investor come onboard, I lose the one privildge I enjoy most. Share this post Link to post Share on other sites
whitestone679231 113 Posted September 14, 2018 Go to Blackpool, change it all into pound coins and shuffle it into slot machines, less chance of dealing with lunatic privates and a chance of a better return..... 2 Share this post Link to post Share on other sites
Lucas 9 Posted September 14, 2018 17 minutes ago, sparky said: Interesting video. But I am serious. Thanks. 2 minutes ago, Mark101 said: To be honest Lucas, I have three people wishing to invest in my business but it is me pushing back. I chose this path because I want to be accountable to no one but myself and as soon as an investor come onboard, I lose the one privildge I enjoy most. Good point. I would do the same if I were you. 6 minutes ago, whitestone679231 said: Go to Blackpool, change it all into pound coins and shuffle it into slot machines, less chance of dealing with lunatic privates and a chance of a better return..... I never play that game before. So also zero experience. But sounds funny enough. Thanks. Share this post Link to post Share on other sites
Lucas 9 Posted September 14, 2018 I keep going on my own anyway. It just harder and slower with no experience at all. I am searching for a pitch these days. But got no luck yet. Any input will be appreciated. Share this post Link to post Share on other sites
BCC 9 Posted September 14, 2018 32 minutes ago, Lucas said: I keep going on my own anyway. It just harder and slower with no experience at all. I am searching for a pitch these days. But got no luck yet. Any input will be appreciated. I'd look for a unit rather than a pitch, often the same price if no cheaper and you can make a decent showroom. 1 Share this post Link to post Share on other sites
Lucas 9 Posted September 14, 2018 1 minute ago, BCC said: I'd look for a unit rather than a pitch, often the same price if no cheaper and you can make a decent showroom. Good point! I will take look right away. Thanks. Share this post Link to post Share on other sites
It's me 615 Posted September 14, 2018 the product you sell is an end to the means unless you take trade vets advise very seriously then someone or many will clean you out and leave you in debt /prison holding the baby £200,000 isnt really that much once a partner keeps sticking his hand up for you being the big i am i suggest you get some ground experience first and bank the money for at least 6 months 1 Share this post Link to post Share on other sites
Lucas 9 Posted September 14, 2018 6 minutes ago, boring dave said: the product you sell is an end to the means unless you take trade vets advise very seriously then someone or many will clean you out and leave you in debt /prison holding the baby £200,000 isnt really that much once a partner keeps sticking his hand up for you being the big i am i suggest you get some ground experience first and bank the money for at least 6 months Very good advice. Thanks. The product is the big problem for me. I have no idea what product I should sell yet. I have to keep learning. Share this post Link to post Share on other sites
Row 71 Posted September 14, 2018 28 minutes ago, Lucas said: Very good advice. Thanks. The product is the big problem for me. I have no idea what product I should sell yet. I have to keep learning. Join the club. Share this post Link to post Share on other sites
EPV 631 Posted September 14, 2018 As I said earlier albeit tongue in cheek, you could easily turn a big fortune into a little one. Take the first steps. Get your trade plates, buy a car and prep it, advertise it etc. I think you’re barking up the wrong tree looking to sink a lump into an existing business and form a partnership. Most wont want to be answering to anyone else and definitely not to someone who knows significantly less than them. I’d set yourself up small, learn a shit load yourself and from this forum and then after maybe 6 months, perhaps look to merge with someone else. Yes it’s slow but you need to learn fast and you will. Good luck, wish you all the best with it mate. Fair play for being prepared to give it a go. 2 Share this post Link to post Share on other sites