same with Ducati Wolverhampton, Ducati Italy wanted £50000 plus to revamp the showroom in a corporate upgrade. Wolves said no! Now an MV dealer and "ducati independent"
https://www.dfcapital.co.uk/commercial/ Looking at that there is no need to pay a 3rd party Finance company to pay for stock, funds available to pay direct.
Indeed, I maybe wasn't clear, that was aimed at those that believed that Ducati forced dealers to take stocking finance from a US based 3rd party on dictated terms, not the case as each business is able to agree their own financing arrangements, either direct or via a funding vehicle such as DF.
On the Glasgow web site statement, they say they will be moving (out of their new state of the art premises ) to new locations later in 2021. Funding the millions it must have cost to build that showroom must have played a huge part in its downfall.
Or the property is in a different company and will be rented by that company to AN Other and the Ducati Glasgow operating Co will find cheaper premises to rent.
i dont think telling somebody the second they walked through the door "used bikes upstairs"with no hello helps much either. especialy as the fella could afford to buy any number of bikes in the shop that took his fancy.
That is one of the reasons for their high cost base. I understand that their staffing levels and wage bill is on the high side of high too.
The previous owners of Ducati Glasgow including the guy who left , own the Company that owns the property. Sounds like a very expensive misjudgement was made somewhere.
not a mate as such, more so with the bro in law. the fellas minted despite his rough appearance. i bumped into him on the way down on my second last visit to DG as he was heading back from DG as he had taken a notion for a scrambler as a second bike to go with his R1. apparently he got two steps in the door, got some attitude and promptly walked back out. which in my experience is unusual. more so for yer man too as he is generally a pretty chilled out character. until he planks his ass on the R1 that is. then, like the BIL and all that group turn into fecking animals. waaaay to quick for me. personally speaking, while i have had issues with the Ducs and i know i aint the easiest to work for tho i am no Munchausen, i want stuff done properly and will happily pay what ever it takes for quality work, they have pretty much always been dealt with properly with no quibble.
Ducati Glasgow: OpCo. XXX: PropCo. Can have the same owners of OpCo and PropCo but from a legal POV OpCo and PropCo are separate legal entities. It's commonplace when running a company that operates from brick & mortar premises to have 2 separate companies, one that owns the property and one that owns the business. The operating co the rents the property from the property co. That way if the operating co gets into difficulties due to things like Brexit/Covid/Shit business plan etc the property company survives to keep the bricks and mortar and land and rent the property to another sucker.
Sounds like your mate is one of those recreational offendee’s. Why would you walk about like a parrafin lamp when you’re loaded? Have a word with the scruffy cvnt. Get him down a decent clothes shop. Then he won’t be ‘oh so offended’ when a salesman assumes he’s skint. Which is utter bollox btw. A mate of mine worked in a Porsche dealership and he maintained you have no clue whatsoever about who’s loaded and who isn’t when they walk in the showroom.
