Why L&L should NOT sell to WCCC easily

Why L&L should NOT sell to WCCC easily

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Buying a Business

Carlisle, PA

#1 Feb 2, 2013
In another thread,$650,000 was given as the desired sales for for L&L to sell its long-standing, thriving business to WCCC.

I fully support this valuation for L&L, and I hope that over the year, they can figure a way to add value to their business value.

Buying a business entails far more than the -- incorrect -- valuation of the real estate.

Buying a money-making business, and all that it entails, profits, real estate etc. usually costs between:

----- 5 to 7 times the yearly income of the property.

So, if L & L wanted $650,000 to sell their business, that means they valued their business at $125,000/year in sales, which is abouut $10,000/month, or $2,500/week and down to $400/day (for a 6-day work week).

-----Does L & L sell $50/hour in oil changes with three bays?

----Absolutely!

So, they have EVERY RIGHT TO DEMAND FULL VALUE of selling their business.
Buying a Business

Carlisle, PA

#2 Feb 2, 2013
The part-owner whom I know is a good and fine hardowrking father and husband, and tows/ed the line with his two kids over the course of raising them.

-----I hope he and his partner take every avenue to gouge the eyeballs out of WCCC for the refusal of WCCC to give them the full value of their company.

-----If L&L wanted $650,000 for the purchase of their vialbe, thriving operating business, I hope over the course of the next year, they find a super accountant who can up the value of their thriving small business to $900,000, so that WCCC has to incur more expense to shut them down.

This is what STUPID CITY PLANNING AND ZONING is all about.

This is EXACTLY what happened when the crook who built LeNatures greased the palms of everyone in Latrobe to build his hideously ugly monstrosity in 6th Ward on a prime piece of real estate facing the downtown area.

-----old people were harrassed to sell their homes (reported in newspapers)

-----old resident were told to sell at any price, since they would not want trucks going past their front doors.

-----old people were told that their homes of 50-years would be purchased, anyway, to tear down and make parking.

Latrobe is full of STUPID IDIOTS.

Sorry.

But, now I am reporting history, that failed and recent events that try to squeeze people out of what makes their lives rich and full, and Latrobe still fails once its great "new" idea gets approval.

-----Podlucky fooled everyone; hurt the elderly long-time residents of 6th Ward; and the MORON City Council and Planning and Zoning Board bought into DISASTROUS PLANNING all along the way, hook, line and sinker!

Instead of a beautiful building hugging the banks of the Loyalhanna facing Latrobe's downtown, with a walking bridge between the parking at the stadium and the new enticing and architecturally appropriate building for a PRIME piece of real estate:

Latrobe did what it always does: It built a MONSTROSITY of a building and RUINED a prime piece of real estate and it INTENTIONALLY ruined the lives of many seniors who lived in 6th Ward, who had family homes, and who had no other goals other than to live out their lives in peace and quiet.

SHAME on LATROBE!

Be strong L& L

Sell oil changes to the college kids who drive to the new campus.

Be intelligent!
Buying a Business

Carlisle, PA

#4 Feb 2, 2013
Dearest Thurs:

I see your mood has calmed. Did you see the Reverend or Old Doc McGee?

I don't believe the Jim and his partner want to "set-up shop" somewhere else. They've "set-up shop" where they are, they have a steady clientele, and they don't want to move.

If someone wants them to move, someone not only has to compensate them for the building and the land, but also for the loss of income during he move, for the cost of the move, and for the probably loss of customers they'll incur as a result, which will yield an unending loss of profit. Sure, they will probably pick up new clients, in a new location, but that is a guess. What's true is that they will lose clients if they move.

Hence, the high asking price, because these guys are happy where they are; they don't want to move, nor should they have to.

They contribute to the community, they support their families with income from this business, and just because the town or WCCC wants to build around them, or build near them, doesn't mean that they have to participate in the WCCC -- knock 'em down -- mind set.
Buying a Business

Carlisle, PA

#5 Feb 2, 2013
Thurlow Weed wrote:
<quoted text>
Your calculation of five to seven times the yearly income is a reasonable amount if someone was purchasing the entire business, rather than just the property it sits on. It's not as if WCCC wants the name, equipment, customer list, and goodwill that would be associated with the outright sale of the company. There is no reason why the owners can't set up shop in a nearby area and transfer the company there. If they don't want to, that's a different story. I believe that they should not be forced to moved, but I also believe that they cannot reasonably ask for the price of the business yet only be selling the land and building.
<quoted text>
EXACTLY?? Come on, that's not even remotely true.
Dear Thurs:

It is exactly the same. When the Le Nature crook that greased the palms of half of Latrobe so that he could build his hideously ugly initial plant, then add on to it, for expansion and new truck route, the elderly in 6th Ward were basically told to "bend over and take it up the ass".

Is that crude to say?

It's the mindset of the City Leaders at that time,(the 1990s); and it was mean and nasty and stupid of the City leaders to treat the long-time residents that way.

And, to then let the crook build a 50' wall in front of cute little cottage homes so that when the elderly resident looked out their windows they saw nothing but 50' of basement blcok -- c'mon, how much more STUPID AND MEAN could the town of LAtrobe be to its residents, many of whom worked in the steel mills and raised families in 6th Ward.

Sorry, that's just not how a town should treat its population.

There were better projects for that PRIME piece of real estate -- but the idiots in Latrobe only saw it as "part of 6th ward, where the poor people live".

There were better designs for the PRIME piece of real estate, but the mornons in Latrobe didn't ask for a better design.

And when the crook, Podlucky, wanted to add on, and interrupt the lives of more of Latrobe's long-standing families, he should have been told to create another plan:

-----where the product us shipped out of the 6th Ward plant and transferred to long-shipment trucks at another location; but Latrobe was TOO STUPID to think of that.

Latrobe had been filled with stupid moronic leaders, and only now are there a few that have any talent at all. But, they will be worn down, soon enough, and will be INDOCTRINATED to think like mindless robots.

-----and the town will continue to destroy itself, its history, its people, and its very collective memory.
article

Latrobe, PA

#6 Feb 3, 2013
i recall reading an article that commented on the costs associated ith selling the businss such as moving and reinstallig the hydraulic lifts-and how the current location is ideal for customers who work downtown or live within a walkable radius
Tear It Down

Latrobe, PA

#7 Feb 3, 2013
I agree about that plant. I couldn't believe it when they were building that. It is has been an eye sore for years. This is a sad sad town.

I can't wait to leave. 15 more years...
Recreate Latrobe

Carlisle, PA

#8 Feb 3, 2013
article wrote:
i recall reading an article that commented on the costs associated ith selling the businss such as moving and reinstallig the hydraulic lifts-and how the current location is ideal for customers who work downtown or live within a walkable radius
Ahhh...you're right about the lifts. I think Jim's business just went up in value to $900,000.

You go Jim...
Recreate Latrobe

Carlisle, PA

#9 Feb 3, 2013
Tear It Down wrote:
I agree about that plant. I couldn't believe it when they were building that. It is has been an eye sore for years. This is a sad sad town.I can't wait to leave. 15 more years...
That piece of real estate, that Podlucky puts his hideous blue facility on, could have been a little collection of shops with a foot bridge to the downtown area and/or a footbridge to Legion-Keener.

That PRIME piece of real estate was -- connected - to downtown Latrobe by view, by the Lloyd Avenue Bridge, by the Loyalhanna.

All the town had to do over the years -- was reach outside of itself and hire professionals. But, noooooooooooooooooooooooo, the town just hires people from Latrobe; and what do ya get when a town is led by people who've never left it?

Exactly what ya have now: nothing, chaos, a mess, a disaster, and nothing to work with, to recreate the town; ya get big blue buildings all over the little town, and eyesores of defunct steel mills, and toxic sites,(3); and ya get a lot of UGLY that can't be corrected, no matter what happens.
What happens in 15 years

Carlisle, PA

#10 Feb 3, 2013
Tear It Down wrote:
I agree about that plant. I couldn't believe it when they were building that. It is has been an eye sore for years. This is a sad sad town.
I can't wait to leave. 15 more years...
What happens in 15 more years?
Tear It Down

Greensburg, PA

#11 Feb 4, 2013
My kids will be in college and I leave this sad town.
What happens in 15 years

Carlisle, PA

#12 Feb 4, 2013
Tear It Down wrote:
My kids will be in college and I leave this sad town.
You can leave before then. There are lots of other small towns in Pennsylvania that have cute downtown areas, are close to major highways/turnpike, have lowe costs of living.

Don't feel that you have to stay in Latrobe longer than makes you happy.

-----Children will have their childhood wherever you place them; and there are other safe small communities where adults can flourish. I think that adults have little to do in Latrobe, other than church-centered groups or small clubs/organizations.

Good luck...

Tear It Down

Latrobe, PA

#13 Feb 4, 2013
What happens in 15 years wrote:
<quoted text>
You can leave before then. There are lots of other small towns in Pennsylvania that have cute downtown areas, are close to major highways/turnpike, have lowe costs of living.
Don't feel that you have to stay in Latrobe longer than makes you happy.
Some of us need to live near where we work or close to other responsibilities and it's not feasible to move somewhere just because it's "cute".

You speak as if you are someone with no job nor responsibilities, and moving somewhere "cute" is as easy as notifying the state where to send the next check.
What happens in 15 years

Carlisle, PA

#14 Feb 4, 2013
Tear It Down wrote:
Some of us need to live near where we work or close to other responsibilities and it's not feasible to move somewhere just because it's "cute".You speak as if you are someone with no job nor responsibilities, and moving somewhere "cute" is as easy as notifying the state where to send the next check.
As a single person, who's moved across the country, and lived on the West Coast for 25-years, it is indeed easy for me to move. I have never found it difficult to settle in to a new place.

"Cute" is important to me, since I am a very visual person. You'd be surprised how many jobs are out in the world that suit your skills set. I was just trying to encourage you to "live your dream", and "do what you love". There's no reason in life, to live where you're not happy or thriving.

Again, take care and good luck.
Tear It Down

Latrobe, PA

#15 Feb 4, 2013
You're an inspiration to us all.
What happens in 15 years

Carlisle, PA

#16 Feb 4, 2013
Tear It Down wrote:
You're an inspiration to us all.
Well, I am glad to hear that, sarcasm does shine through on the internet after all.
Floyd

Harmony, PA

#17 Feb 11, 2013
L&L Quick Lube was offered $55,000 less than their property value (&95,000).

Everyone else on the block was paid 200 thousand dollars and up to relocate their businesses, but L&L Quick Lube was offered nothing! Not even property value!

They would have moved if they were treated like the rest of the businesses on the block. The 95 thousand dollars that they were offered would not even purchase a new piece of property!!
crazy cooter

Carlisle, PA

#18 Feb 11, 2013
Floyd wrote:
L&L Quick Lube was offered $55,000 less than their property value (&95,000).
Everyone else on the block was paid 200 thousand dollars and up to relocate their businesses, but L&L Quick Lube was offered nothing! Not even property value!
They would have moved if they were treated like the rest of the businesses on the block. The 95 thousand dollars that they were offered would not even purchase a new piece of property!!
I hope Jim and his partner sell parking to WCCC students, that Jim and his business partner open:

The Lube Cafe

And sell cappucinos and espessos and that they put the Art Center out of coffee business.

It could become a terribly hip place for the WCCC kids to hang.

Jim has four or five jobs/incomes, and he was a good neighbor!

If Latrobe was filled with more Jims, Latrobe would be a better place.
Badneighbor

Greensburg, PA

#19 Feb 12, 2013
Jim has four or five jobs/incomes, and he was a good neighbor!
If Latrobe was filled with more Jims, Latrobe would be a better place.

Too bad Jim could not say the same of you.
L n L goes all cup o Joe

Carlisle, PA

#20 Feb 12, 2013
Badneighbor wrote:
Too bad Jim could not say the same of you.
You know what else I can say about Jim? He took his kids to work with him, and paid them, and showed them his life, which in turn probably created the space for them as young adults to keep him in theirs.
L n L goes all cup o Joe

Carlisle, PA

#22 Feb 12, 2013
Thurlow Weed wrote:
It's unbelievably easy to spend other people's money.
My Dearest Thursie:

Many days have passed since your last correspondence. I can tell you've oiled your saddle and boots, your envelope smells of Mamie's homeade soap.

You are right. Spending other people's money is fun. I've always enjoyed it. I guess that's why I fell in love with you and your love of printing and promoting other men's ideas and celebrity.

I must go now. I seem to have a wee bit of the vapors. And old Doc McGee is coming over to place some leeches on my neck.

Forever yours,

C.

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