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Dear me this really is hilarious

Okay, I may have missed it but what "plant assets" aside from a "share" of the building are involved here? I don't know how many "armies" have they purchased for resale that are still sitting around, but I really can't see it totaling to 400k +.

 Breotan wrote:
Okay, I may have missed it but what "plant assets" aside from a "share" of the building are involved here? I don't know how many "armies" have they purchased for resale that are still sitting around, but I really can't see it totaling to 400k +.

Shawn grabs about his repeat customers, so that customer list is bassicly what he's valuing so high I guess. In one video he bragged about some clients who could buy a new sports car every year thanks to how much they spend with him.

That was a few years back, so not sure how true it still is.

Personally I think the amount of ill-will and bad publicity makes that a mute point.

 Breotan wrote:
Okay, I may have missed it but what "plant assets" aside from a "share" of the building are involved here? I don't know how many "armies" have they purchased for resale that are still sitting around, but I really can't see it totaling to 400k +.

I am thinking that he thinks the Client list and current staff is worth the investment. They need to be painting over 10K miniatures a month to make the business viable with the staff he has. It would be cheaper to just start a new service.

Karnophage wrote:

 Breotan wrote:
Okay, I may have missed it but what "plant assets" aside from a "share" of the building are involved here? I don't know how many "armies" have they purchased for resale that are still sitting around, but I really can't see it totaling to 400k +.

I am thinking that he thinks the Client list and current staff is worth the investment. They need to be painting over 10K miniatures a month to make the business viable with the staff he has. It would be cheaper to just start a new service.

Plant assets may also include any computers, servers, and sites they have. I doubt it would be worthwhile, but plant assets are more than just the building and the miniatures.

BTP fully owns the building their in. Which is in a great location in town, and has a nice large work area. BTP also owns a decent inventory in its web store. The building alone is probably 200k.

 Igenstilch wrote:
BTP fully owns the building their in. Which is in a great location in town, and has a nice large work area. BTP also owns a decent inventory in its web store. The building alone is probably 200k.

Of which you only get a partial ownership for $400k according to the entry.

He keeps his fingers in the pie after he sold it to you?

 Laemos wrote:
He keeps his fingers in the pie after he sold it to you?

Makes me think of his last idea to raise money for BTP. I wounder if he actully is just looking for someone to buy a share in the business?(Still working and being involved in the company, but someone eals coming in to inject money into the business?)

=/

As others said, you could start a bussniess like BTP for alot less then 400k, and I don't think the BTP name is worth that much. Even if the building is 200k, I don't see 200k in the rest of the business.

I would also sujest anyone seriously considering buying his company to get a accountent to go over his books. Because he dose have a past record for fudging numbers.

For the effort in auditing the books, and writing the transfer contract, it would almost certainly be cheaper and better to start a new company from scratch, posting "Painters Wanted!" on flyers outside the BTP doors.

 nettraper wrote:
hmmm, strange, how can management all sudden become so poor .... there has to be a pinpoint place where it started ticking down, it seems that S. has it figured out... would hate to not see any of those people , BTP has lived on my YouTube for many MANY years.

There is one. I worked with BTP for almost 4 years and took a 8 month break in 2012. When I got back at the beggining of 2013, one of the lead people, Sarah, had left to pursue a different passion. Her leaving started a downward spiral and the company as a whole just felt off. Moral started to drop, miscommunications happened more frequently and on a whole just started to fall apart. Did Sarah leaving cause the company to fall apart? No, inconsistency has been a plague for BTP since I started working there. Her departure was the start of the end though.

I wonder how much the Dragons or the Sharks would value this company.

Davor wrote:
I wonder how much the Dragons or the Sharks would value this company.

They would laugh him off the stage.

That's too bad. I've been over at Blue Table a time or three and they have a pretty nice building just off the Main Street. I remember talking with Shaun a few times when he was just establishing the business and he was excited to get things going and give world class quality to his clients.


Automatically Appended Next Post:

 MeanGreenStompa wrote:
The expectations of staff for future career goals are hardly a subject to try and hold them to account on this thread. If this person came onto the page to say 'yes, I'm worried about my future', the idea that you should sit there and berate them for having poor employment goals is arrogant and asinine. I personally hope they can secure decent jobs elsewhere (hopefully for more money) and wish them and Gately's family well, despite his glaring idiocy in running the company into a ditch.

There's a fair job market in this area where you can pick up some decent skill sets and work for quite a bit more than minimum.


Automatically Appended Next Post:

 Igenstilch wrote:
BTP fully owns the building their in. Which is in a great location in town, and has a nice large work area. BTP also owns a decent inventory in its web store. The building alone is probably 200k.

My guess is that it might be worth even more than that, but I'm not sure about property values in Spanish. I'm going by what a building that size and quality would bring in Provo in a similar location.

Relapse wrote:
That's too bad. I've been over at Blue Table a time or three and they have a pretty nice building just off the Main Street. I remember talking with Shaun a few times when he was just establishing the business and he was excited to get things going and give world class quality to his clients.

TBH, he should have kept his overhead LOW as possible and have clients work out of house and not in the studio

If BTP go down who will replace them?

The several other painting services, like FLG

Tyron wrote:
If BTP go down who will replace them?

Given the quality of workmanship that Tenebre got on his army for several thousand dollars, I can confidently say there are plenty of folks who can pick up the slack and produce the same results over on ebay. Just search using the words "pro painted" or check out the handy dakka thread on the topic for referrals.

http://www.dakkadakka.com/dakkaforum/posts/list/592991.page

Given a certain volume of business and a strict house style this sort of 'factory' set up could probably work. Eliminating some inherent redundancies and time sinks that solo or small studios would still have to deal with.

Obviously they did quite a lot of work over the years, and presumably a lot of that was repeat custom and clients that had seen other people's completely BTP projects.
From the negative stories it seems that Shawn was really horrible at resolving customer issues rather than that BTP was incapable of producing work that people were happy with.

It's a shame in the sense that you can see how this sort of company could be a really cool, succesful and positive force in the industry.

Shawn needs to be given a window job, stuff like making and editing battle reports with painted armies they have done, in hi-def.
Get him away from management.

The owner will show you how to run everything over the course of two months.

They misspelled ruin.

Color me interested, I've always wanted to own a cult.

 Lord Derp wrote:

The owner will show you how to run everything over the course of two months.

They misspelled ruin.

 Rustbucket3437 wrote:

 nettraper wrote:
hmmm, strange, how can management all sudden become so poor .... there has to be a pinpoint place where it started ticking down, it seems that S. has it figured out... would hate to not see any of those people , BTP has lived on my YouTube for many MANY years.

There is one. I worked with BTP for almost 4 years and took a 8 month break in 2012. When I got back at the beggining of 2013, one of the lead people, Sarah, had left to pursue a different passion. Her leaving started a downward spiral and the company as a whole just felt off. Moral started to drop, miscommunications happened more frequently and on a whole just started to fall apart. Did Sarah leaving cause the company to fall apart? No, inconsistency has been a plague for BTP since I started working there. Her departure was the start of the end though.

figures! I knew something was off when I stopped seeing more and more of lead females, first the lady that was on majority of videos in the 2nd venue after badger hole name I can't remember but she had like many adopted kids, probably very hard working. Then Sarah... I knew something was missing....

Guess I have more nodding to do when women will tell me who helps run this world "efficiently"

Cartman: "440k...and how much will that be in pubic hairs?"


Shaun: "We don't take pubic hairs!"

 Lord Derp wrote:

The owner will show you how to run everything over the course of two months.

They misspelled ruin.

That legitimately made me lol.

But yeah, that is...strange. Who puts their business up for sale on their own online store? Did the tenebre thing hurt them that badly?

 Sidstyler wrote:

 Lord Derp wrote:

The owner will show you how to run everything over the course of two months.

They misspelled ruin.

That legitimately made me lol.

But yeah, that is...strange. Who puts their business up for sale on their own online store? Did the tenebre thing hurt them that badly?

It feels like it's that sort of business practice that led up to posting the sale on their own store. Tenebres chaos dwarf thread certainky didn't help I'm sure.

Looks like it went down yesterday, can't find it anymore on their store.

I suspect it was more to try and make ten look bad than to get a sale.

TBH, I kinda hope Bluetable pulls through this and can get a reputation back. They just need to tighten their belt and pull up their bootstraps and focus first on painting