Legends massage for sale - $400 000.00. omfg! lolz

[Josie-1]

What to Make of you hmmm?

TT300Z I was sad to find out you are FEMALE! Try acting like a LADY and stop the catty shit and have some class about your self, your jealous and ignorant demanor is uncalled for and not wanted! You should be ashamed of yourself!

 

[Josie-1]

Lol

Legends has a new sign!!!!!!!! Should be up very soon. LOL didnt know there were so many people that couldnt find us!!! Actually it was just a problem with finding a good company to build one for us. Sign companies are the worst.

 

[Stickey]

Not likely.....

It doesn't matter how well the place is doing or what's going on
under current management.

400K - for no hard assets, in short nothing you can take to the bank,
nothing of any collateral value. No way

If current management were happy with the returns, they wouldn't
be selling. And if they were serious they wouldn't let a bunch like us know about it!

Jaileys was a stab at a brand new high end studio.
Seems things have changed a bit. Maybe the markets' not a firm as they thought.

My guess is the only way a studio really makes sense as an investment
is if you plan to work there yourself.

 

[praxis]

That's why I suggested the Co-op idea

My guess is the only way a studio really makes sense as an investment is if you plan to work there yourself.

because:

1. the asking price will be more reasonable as everyone knows how busy (or not busy) the studio is - and therefore a more reasonable negotiated sale price can be agreed to.

2. all the SP's working there will be co-owners and therefore will have to work towards keeping the place successful

3. all the profits will be distributed according to the number of shares owned by each SP - no outside "investors" can call the shots nor influence how the business is run. . .

Am I the only one who thinks this idea makes sense? I haven't heard anything from the vocal group in the studio?

 

[stryker]

Food for thought.

I've owned one,and partnered in a second in Vancouver.

First one cost less than 40 grand to take over,,the second,being larger,was less than 80.

Granted,this was over 5 years ago,but you have to look at what your getting,do you own the building?If no,,strike against ya.

Regardless,it dosn't matter how pretty it looks with the reno,,if you were to loose your lease what are you left with?Some beds and bathroom fixtures?

Sorry,,my thought is that it's way too over priced for what your getting.

 

[cruiser]

One other thought...what is the future of MP's and where are they going in 5, 10 or more years? How would a person write a business plan to present to a financial institution to apply for a loan?

I doubt that if someone wanted to purchase Legends that they could walk into a financial institution and talk to the loans manager about a loan:
-----
Loan Manager: So, Cruiser...how can I help you today?

Cruiser:Well, I'm looking for a loan to buy a business.

Loan Manager: What kind of business are you looking at?

Cruiser: Well, taking into consideration with all of the men working in the Edmonton area (in construction, oilfields, etc.,) they have one need that's not being fulfilled if they are living away from home.

Loan Manager: Oh, what's that ????

Cruiser: The need for them to get laid...sucked...and fucked.

Loan Manager: Well, I think we can work on something...
-----------
This is just a synical look....it would be one thing for a businessman to ask a bank for a loan to run a legit/straight business (restaraunt/fast food/bar/lounge)...vs, asking for a loan for a MP that is in they "grey" part of the society...

Perhaps someone can provide insight into the banking industry and if such a loan would ever get approved.....

Am curious!

 

[ymmvguy]

Geez I wonder if there are any bank branch managers interested in the hobby. Wait a minute, was there one....?

 

[praxis]

He was sent to jail. . .

Geez I wonder if there are any bank branch managers interested in the hobby. Wait a minute, was there one....?

and I think he's out on house arrest - or is he completely free now?

 

[Stickey]

Small business

Here's the thing;

The banks WILL NOT loan unless there is some way recover their investment
by 2 or 3 times to a small business.
You wanna borrow 100k you need 200k in collateral.
I ought to know - I run small businesses.

The Co-op model is a great one - as long as there is a senior partner.

The smartest move I've ever seen in this trade is Gspot owning
the condo they are in. In the past few years they have tripled
their investment.(regardless of revenue)

The moral of the story is - If Fanatasy wants to cash in they need
to OWN a location.

It's easy to finance as the location is the required collateral.

Cheers girls!

 

[Mick Shagher]

The sad part is not a single one of the super shined dumb-ass dudes would last more than a month running their own MP. That is a sad fact. .

Funny. Peter has been in the MP buisness and owned studios longer than most anyone else around and he's the dumbest ass there is. So how tough can it be?

 

[Mick Shagher]

Geez I wonder if there are any bank branch managers interested in the hobby. Wait a minute, was there one....?

Yes, good old Nick. I know of one local studio where he gave a favourite SP some of his ill gotten money so she could buy into the place. There was probably more.

 

[Mick Shagher]

One other thought...what is the future of MP's and where are they going in 5, 10 or more years?

What's to say a new city council or mayor wouldn't decide just to close these places down. Isn't that partly what happened in Calgary? Then what are you left with?

 

[praxis]

And he has not one, not two, not three but . . .

Funny. Peter has been in the MP buisness and owned studios longer than most anyone else around and he's the dumbest ass there is. So how tough can it be?

four studios! The difference? - the ladies who are working (or are no longer working) in his studios. So, unless the 400K will secure the near-term (i.e a few years) services of the ladies working there (which is highly inprobable - a contract?), what value is there in the place that has rooms that have some decoration, a shower, a massage table/bed, maybe a chair in the corner and a whole pile of used towels and bed sheets?

 

[praxis]

Legends is already a Co-op?

Legends is already a co-op and many of the ladies are a very integral part of the business and not just SP's.

Are you privy to the documents showing ownership of the place, FF?. If not, then you've got to get your facts and definitions straight. Co-op means co-ownership (via shares sold to the members) and a say in the management of the business. It also means that profits are shared according the shares owned. I don't think this place satisfies the definition of a co-op. Maybe you're talking about "in-spirit" only.

 

[Stickey]

A few definitions

Fiddy/Fiddy,

I could concede to all of what you have to say - doesn't change a thing.

An owned building is an asset. A lease on a space is a liablity.
ALL of those reno costs are now the property of the landlord.

G-Spot as a business is worth far more than any other MP I know of,
for that simple reason. That's just how it works - Sorry.

 

[cruiser]

The reality is that none of you are even close to the start up cost for Legends which alone is a couple of hundred thousand dollars.

The materials and labor alone and renovation cost at a time when general labor is 3x the asking price it was five years ago.

The location was on 109 Th. St. was central, easy to find, it already had the infrastructure in place to make a studio.

I have seen the plans for the sign, and it is quiet elaborate and they have had the sign paid for a long time ago. So some folks need to learn the difference between personal opinions vs facts.

The location they chose was one of the only affordable locations for Legends to put up stakes, in a city with real estate prices going though the roof. it was one of the few locations left big enough and affordable enough to run a profitable operation from.

Nikita, Ariel and Sineh choose that location based on all the factors required to make a successful and profitable business, and they were right. Legends is the busiest and most profitable studio in town bar none.

nuff said...

True...they may of chose this location, but they don't own it...as it's been mentioned numerous times already, the lease is a liability...sure, they own the betterments & improvements...but they can't take them with them.

And on another note....who says that in 5 years the city won't minimize these types of businesses? A person in this business has no guarantee at how long they will have success !

 

[stryker]

The reality is that none of you are even close to the start up cost for Legends which alone is a couple of hundred thousand dollars.

The materials and labor alone and renovation cost at a time when general labor is 3x the asking price it was five years ago.

I have seen the plans for the sign, and it is quiet elaborate and they have had the sign paid for a long time ago. So some folks need to learn the difference between personal opinions vs facts.

Show me another with over 20 SP's who offer GFE quality service,

Find another studio offering 24 hour outcall service.

Fuck,,I hate to burst anyones bubble, but

-If you don't own the building,,1 strike
-labor and material mean nothing(if you don't own the building)
-having a sign,regardless if it's paid for or not,means nothing
-the girls will come and go,,,thats a gimme
-24 hour service is available if you look for it

Now,is the license transferable?
-how much a year?
-whats the lease ?
-is it transferable?
-are all the tax's paid and up to date,are there any penalties?
-how may ladies are willing to stay on if it was to change hands?
-Fuck,,I could go on and on,,and I do know that if I was seriously interested I could find out,,no offence to anyone,I'm just thinking out loud here.(that and I'm in vancouver)

All I'm saying is,,you have no tangible equity in the place,regardless of how pretty it might be inside,,the shit could hit the fan when you least expect it,,and what are you left with?

Play hard and think smart

 

[jim]

The location they chose was one of the only affordable locations for Legends to put up stakes, in a city with real estate prices going though the roof. it was one of the few locations left big enough and affordable enough to run a profitable operation from.

Total wild guess here ;-)

The real reason that location was chosen is that 99% of the landlords out there wouldn't rent to a MP. The location in question already has had a MP in it for years and years and hence had no issue with such a tenant.

My 2 unsolicited cents.

 

[mikael]

Total wild guess here ;-)

The real reason that location was chosen is that 99% of the landlords out there wouldn't rent to a MP. The location in question already has had a MP in it for years and years and hence had no issue with such a tenant.

My 2 unsolicited cents.

That and cash flow Jim, it was the only location with affordable lease rates, remember, they were not buying the property!

 

[mick_eight]

well I for one tried five different companies to have a sign made up....once they found out what type of business it was they backed out. FYI there is a sign being made as you read this! Legends is Legends because of several different reason. The ladies do make the place....but so does a certain system! I am not sure why there are those of you who get on this board and rip Legends apart...(this one specific person comes into Legends a few times in the week.) I cannot figure out why this person spends SO MUCH MONEY there and yet comes on here to bitch. I am not saying that this person should not return to Legends.....I am just wondering how it is that you are leaving Legends smiling on a regular basis.... and then get on here and bash. Are you trying to impress anyone (say perhaps an SP that works for another studio?)

Jimmy Patterson owns most of the sign companies in western
canada and we all know he's a morals freak, so thats why most won't touch it, don't want boss on them