I spent my working life firstly selling and then buying and selling cars, followed by buying and running businesses and also selling them.
It’s not the size of the transaction that matters to me, it’s the enjoyment of buying at the “right price” and knowing that you’ve got a margin at the end of it should you decide to sell.
As some of you know I have built up quite a collection of live steam locos, I really don’t want anymore for myself, but would still enjoy the buying and selling of them.
This is what I propose with your agreement:
I will buy from time to time, using my cash, so no risk to the club, live steam locos at the “right price” sell them through the club shop with all profit going to the club.
As an example, I have just purchased a Flying Scotsman set, only use a couple of times, complete other than the track, for £300. It should be worth £400+?
I would replace the track, check the loco over and sell. The proceeds over cost going to the club.
What do you think?
Noted to this point