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  1. #1
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    Default MIK International

    MIK International are advertising a franchise presence (start-up) in Hobart for sale. I wonder should I buy it?
    If you never made a mistake, you never made anything!


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  3. #2
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    Feb 2003
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    Garvoc VIC AUSTRALIA
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    Default

    While its wood associated.
    Its really just a fancy hardware store.
    So it will have all the tedium of being a shopkeeper.

    If thats what you want - go for it
    Regards, Bob Thomas

    www.wombatsawmill.com

  4. #3
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    Default

    Quote Originally Posted by echnidna View Post
    While its wood associated.
    Its really just a fancy hardware store.
    So it will have all the tedium of being a shopkeeper.

    If thats what you want - go for it
    Nah. Rather be a shed-keeper than a clock-watcher.
    If you never made a mistake, you never made anything!


  5. #4
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    Default

    Sorry I missed this earlier. I think you go for it ...yup go for it, that way you can give acurate advice on how each tool works,...... after your've used and tried them without buying anything.
    I would love to grow my own food, but I can not find bacon seeds

  6. #5
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    Nov 2004
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    Port Pirie SA
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    Default

    Quote Originally Posted by echnidna View Post
    While its wood associated.
    Its really just a fancy hardware store.
    So it will have all the tedium of being a shopkeeper.

    If thats what you want - go for it
    Hardly call it a hardware store, its a specialist shop.
    Shopkeeper in a tool shop I'd reckon the tedium would be nice compared to swinging a sledge hammer all day!(or night...)
    ....................................................................

  7. #6
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    Feb 2003
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    Garvoc VIC AUSTRALIA
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    Default

    still be a shopkeeper though.

    I almost bought a general store with enough room to establish a large gallery

    but I'd rather make sawdust than tend shop
    Regards, Bob Thomas

    www.wombatsawmill.com

  8. #7
    Join Date
    Aug 2004
    Location
    Tasmania
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    597

    Default

    Mik gives good service but I would not go to the store. Get my stuff over the internet. Don't think you would be inbusiness for long. Stay in the shed!
    If you can do it - Do it! If you can't do it - Try it!
    Do both well!

  9. #8
    Join Date
    May 2007
    Location
    Blue Mountains
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    Default

    Hi Shedhand,

    Depends on a couple of things. Firstly are your pockets deep enough to fund a start up? It took us three years after buying a business to make reasonable money. Which leads to market need. Would you buy from the place? Who are your competitors. The franchisor will have market data but you should do your own homework. What is the franchisor like, what are their fees etc. Ring some other franchisees and get their take on it. How deep does their system go? Security? Stock?, is it in a manual or do you get your own company mentor?

    You will end up a shop keeper, you will pine for holidays, you will make great money sometimes and others you will want to trash the place out of frustration. You will love some clients and despise others. And I disagree, there will always be a market for walk in talk to a real person service, the internet will never rule retailing.

    Approach them. Do some due diligence, if you need help PM me, I know a bit about this,

    Sebastiaan
    "We must never become callous. When we experience the conflicts ever more deeply we are living in truth. The quiet conscience is an invention of the devil." - Albert Schweizer

    My blog. http://theupanddownblog.blogspot.com

  10. #9
    Join Date
    Nov 2005
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    West Gippsland, Vic
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    Default

    Quote Originally Posted by Sebastiaan56 View Post
    Hi Shedhand,

    Depends on a couple of things. Firstly are your pockets deep enough to fund a start up? It took us three years after buying a business to make reasonable money. Which leads to market need. Would you buy from the place? Who are your competitors. The franchisor will have market data but you should do your own homework. What is the franchisor like, what are their fees etc. Ring some other franchisees and get their take on it. How deep does their system go? Security? Stock?, is it in a manual or do you get your own company mentor?

    You will end up a shop keeper, you will pine for holidays, you will make great money sometimes and others you will want to trash the place out of frustration. You will love some clients and despise others. And I disagree, there will always be a market for walk in talk to a real person service, the internet will never rule retailing.

    Approach them. Do some due diligence, if you need help PM me, I know a bit about this,

    Sebastiaan
    Thanks for the info Sebastiaan. I've decided I like my shed a lot and dislike working a lot more. I'm currently debt free, answer to know one, can do what I want when I want (including bugger all). Thanks for the input everyone...now, where I did I put that piece of Huon pine?..
    If you never made a mistake, you never made anything!


  11. #10
    Join Date
    May 2007
    Location
    Blue Mountains
    Posts
    2,613

    Default

    Good one,

    I was at Emu Plains yesterday, he is struggling, as you would expect and makes hive living teaching woodwork a few blocks away,

    Sebastiaan
    "We must never become callous. When we experience the conflicts ever more deeply we are living in truth. The quiet conscience is an invention of the devil." - Albert Schweizer

    My blog. http://theupanddownblog.blogspot.com

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