Bugatti and Lambo Modification

[Drew@ClassicAuto]

TO ALL:

Take a look at this site and let me know what you all think about this guys plan for modifying 2 Bugatti Veyron's and 2 LP640's. He wants me to insure the 2 Bugatti's. Little hesitant that they might go missing once he falls on hard times, if not successful. Pay specific attention to the investor relations tab. Has the whole business plan there.

http://www.milleniummotorworld.com/main.htm

 

[silver1331]

"Within 10 years, we either want to design our own vehicles, or be purchased by a current automobile company (Bugatti, Lamborghini, Ferrari, etc) for billions of dollars!"

i dont want to dash anyone's dreams, and more power to them for being entrepreneurial but thats an aggressive goal. I've also never seen a business plan that has cumulative revenues vs annual...

 

[Mullet]

I wouldn't touch that with a 10 foot pole (as an insurer).


Can't wait to hear of the first one built and when it grenades. They didn't account for that in the Online Executive Summary.

 

[Kayvan]

Its all about the Management Team...I didnt open the tab

Unless they have done something very similar and sold it or got very good results....they will be funding VERY slowly via local mom-pops sources, like that Malcolm Bricklin flik

VC/PE is always about the Management.

Virgin Mobile once printed their business plan on Toilet Paper rolls and handed it out at their IPO meeting as a gag, their Team spoke for itself.

 

[BlackICE]

Many better ways to make money than a tuner shop for ultra high end vehicles! These guys do not have any background in running any company related to autos. I wish them well, but would not be inclined to invest even a penny! I view the NorCal San Jose area as less than ideal for starting a auto business. These guys didn't factor in any gov. time or expense for gov. regalutions etc, high CA taxes, high labor costs, etc.

If there would be a mkt for such a company, starting with an established company such as Heffner, or Hennessy would be a better bet. These guys don't do it probably because in their opinion the risk/reward is not there.

Now it I wanted to drive and "own" a few ultra high end cars without using a nickel from my pocket, this business plan is IDEAL!

 

[Triheart7]

It seems to me that this is such a specialized market, that it would be a tough road to go down. I guess if you can go 254 mph, then you have to go 280 mph. I wish them luck.

 

[Drew@ClassicAuto]

Thanks for the feedback!

Thanks to you all for your feedback. Most of my agents felt the same way, however, I know this group is in touch with this segment of upgrades. I think it might be the worse business plan I have ever seen and you are right, they have about as much experience as a bunch of lab rats would in creating these.

 

[STORMCAT]

They could just send these cars to Jason Heffner and re - sell them as thier work. Others are selling cars under thier name that have been pumped up by Heffner