Tradefair & Financials
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have a betting shop been open 2 years first year took in 1.2 mil 2nd year 1.7 mil.3rd year will be down i think.what would my biss be worth?
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how many slips are u taking
are u making a profit how many FOBT have u got where is the shop is it a thriving area and many more quesions before an answer can be given |
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1100 bets a week,both years profit,1 fobt,the town is quiet bissy.getting bigger.not open late
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70k profit in two years
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il give you 30 quid
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Your shop is worth very little, if anything at all. If you were doing the business one of the big firms would just open up next door. The Gambling Comm (bunch of fkin leeches) have taken away any value you might have.
The best thing to do is to keep your expenses down as much as poss, easier said than done I know, go and see a few Boozers that are away from any shops and try and get them on board. Make enough in the shop to keep your doors open then make a few "spare bob" on the phones. |
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as duncan ballatyne one said
'Turnover is vanity, Profit is sanity' |
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maine road - The Gambling Comm (bunch of fkin leeches)
----------------- u omitted the word incompetent - otherwise a very good description of them. |
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ride it out
good times might come back ??? |
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ride it out
good times might come back ??? |
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Capt F 06 Apr 13:38
ride it out good times might come back ??? Capt; The good times are never coming back, unless you mean; All shops close at 6.30, No opening Sundays, Tufr tv collapse and SIS get the courses back and don't charge us any-more, the gamb comm disband, Betfair goes bust, the internet breaks down for good, early prices for just 2 races a day , the irish lottery finishes we pay tax on our net profit , not gross profit, or better still charge the punters 10% then only send a "bit"of it off to the tax man. In the last month I've paid out £1152 for £2, £576 for a nicker twice and £288 for ten bob 3 times on the Irish Lottery thats 6six 575/1 winners in 4 weeks. The good times have gone!!!!!!!!!!!!!!! |
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look up what Cashman bookmakers got for their business, it was sold in the last 6months, should give u a fair enough indication
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feel for u maine
how the fobt doing ? world cup gotta be an earner ? |
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Capt last month 2 FOBTs
Stake £93301 (not money in) payout £91871 profit £1429 less 30% to supplier of £428 less licence fees for a month £387 leaving a profit of £614 or £307 per machine makin £9.90/day per machine out of a turnover of over 93 grand. They're are gonna turnover a million and I hope to get £27000 less share £8100 less licence £4650 leavin £14250 which ain'nt enough to pay SIS let alone turf tv. Fkin paper bill is £1418 a year! |
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maine
my friend was contacted by Lads, hand written envolope. He been trading 7 years, side rd up against a good H1lls o the main High St. He had a good couple of years but is taking 6k a week now 1000 slips. Big empty shop 3 doors down from h1lls hasnt heard anyhing for a month. Do u think they will offer him a get of jail card ? |
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If they've already contacted him it's a start. The thing is they will have to spend a few bob getting the shop to look how they want it. They are gonna be up against h ills so if they can start with all yous mates custom its a start. The thing is before the Gamb comm came on the scene his shop had a value, because he had that pitch, now they can open up next door and he will be fkd. On the turnover and slips he's doing any amount would be a bonus.
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cheers
hard to make it pay at mo good luck |
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ladbrokes and hills are in town.the town will not allow another bookies to open.had 1 turned down few months back
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Well you've a bit of a chance, if thats the case, just find out who wanted to open and go and approach hem.
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just waiting to here a price from p power
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Good luck, I'd take whatever they offer. If you've takenover 3 million in 2 years yet only won 70k something is wrong.
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maybe £10 hr, for when the big 4 move in ul have no option to take the small offer they give you, at least ul prob get a job off them after it and you never know what shares theyl give you.
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didnt see the comment further up
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it is one guy betting 1 2 3 gs a day cant kill him dont know what to do he is loaded
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i dont hedge think that is my prob
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He's obviously betting with you for a reason, are you guaranteeing all his prices or letting him take earlies that are shortening up?
If thats the case then he won,'t do much in. Don't restrict his bets but try to get him at s.p , he won't go round the corner because they run a mile as you know, and will make him wait etc etc. Just try to offer him a better service but cut out his margin, if he's a pot house gambler he won't stop. |
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i told them all today they had to ask for prices not put them on.they were all at it. takes early prices from hills and lads, but just sj now, i told him they are for internet customers only.think i will get him know if he stays.he lost 1500 today.then put a credit bet on 250ew 10/1 unplaced high fives.he knows i have a big float so will be back.
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after i told him.he never picked a winner all day, i have not seen that for a long time
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he does take earlys that drop in price.wee do 1 gp race at each meeting
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Hope the credit bet went straight in your back bin.
Slowly restrict him you will get him in the end. |
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no it never bud.put all threw pish.do get wee bit off that other ways lol
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how long you had your shop
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Had one for 3 years sold it, had one for 12 years sold, had one for 2 years sold it, had one for 2 years sold it, had one for 3 years got know fkin chance of sellin it!!!!!!!!!
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Whsilt I sympathise with you aboutt he Gambling Commission, I think the main reason the value of betting shops has fallen is the planning rules change. In Northern Ireland bettign shops are worth much more than Britain, as they have different planning rules.
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got him today for 1500 not so easy know with the correct prices
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Nice one, keep it up don't let him take you on again, hopefully you will take it all off him then when you know he's skint, thats the time to try and sell. Just remember providing he backs every day and you keep him under control he CANT win.
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would you give him credit?
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sad to say but bookies will disappear from the high street within 10 years
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noluck 08 Apr 23:53
would you give him credit? NEVER give him credit over the counter. He will chase then win, but others will see him doing it and ask as well. Tell him the gamb comm no longer allow credit without him giving his bank details, that will put him off. However tell him deposit betting is OK or he can back on the strength of any winners he has to come. |
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bigH 09 Apr 01:43
sad to say but bookies will disappear from the high street within 10 years Small indys will but the big firms will survive offerin various gimmicks. |