This what I was thinking also. Numbers from her perspective looks different, don't they. I could only hope that the KR series will continue to sell at a volume to provide her a retirement I am sure she needs. I think her daughter is a practicing lawyer and she gets good advice from her. The more we, as a group fly our planes to gatherings and public places the better we sustain the KR enterprise for her, which is good for her and the people fabricating KR parts. Just don't loose the faith, the KR will survive.
Ron ----- Original Message ----- From: "Jim Faughn" <jfau...@socket.net> To: "'KRnet'" <kr...@mylist.net> Sent: Tuesday, March 09, 2004 8:49 PM Subject: RE: KR>Rand/Robinson Engineering > 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 > > > > > > _______________________________________ > to UNsubscribe from KRnet, send a message to krnet-le...@mylist.net > please see other KRnet info at http://www.krnet.org/info.html > >
