I've wondered why Jeanette wasn't interested in the possible sale/transfer or whatever you would want to call it, of the business. After all the plane is a good design, there are people that would like to help and many other reasons that I could see. In addition to the mention of an offer presented on this list, I am also aware of other offers that have been made over the years. At first I couldn't figure out why she wouldn't want to accept. Then I tried to think about it from her perspective. If you make the assumption that she sells 40 or 50 sets of plans a year, a number of parts and other portions of kits regardless of how small you can make the assumption that the profit in the worst case is in the range of $20-30,000. Next figure this is her retirement income and determine what investment it would take to replace this. Just for fun, lets agree on 25,000 per year. Next, given the best financial advice I've read and heard, you would figure that you should only plan on your investment's in the near future earning between 6 & 7%. So what figure would it take to earn 25,000 per year? I come up with about $420,000. Of course you would end up with the purchase price still in tact at the end but the point is very simple. I wouldn't pay anywhere near that much money for the business. I don't have the numbers that were offered but I hope this puts what I would think would be her point out for others to consider.
I have never discussed this with Jeanette nor do I consider myself a person to price a business. I have just been thinking about her perspective and watching a pretty neat airplane decrease in popularity. Just my 1/2 cents worth. I've enjoyed my plane and all the people that go with it. Without Ken and Rand Robinson my life would have never been so rich but like many, I too wish it would continue to be promoted and updated. Jim Jim Faughn 4323D Laclede Ave. St. Louis, MO 63108 (314)652-7659 Email - sub @ for "at" jfaughn "at" socket.net Web Site http://jfaughn.com
