Maybe Sr's drop in value is a reflected by the foreclosure of OCC's HQ. Wasn't that building valued at something like $12million? I have no theory's about Jr's loss in value. It should have increased after he won the settlement against Sr. Didn't he receive about $2-3million in that deal?
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...The hardest working people at PJD are; the T-shirt Guy, Painter, Plater, UPS guy, and now.... the nanny.
They might be preparing to hit their own economic cliff.
I feel bad Junior invested so much in the pjd studios. Hopefully he gets a commercial soon or sell some T-shirts before it hits the fan. Senior won't be in that building too long. HQ is going up for sale.
Why, he could just produce his own show. Cut Piligrim out of the equasion... Senior the one that is looking to bank on the history of his fame. Paulie is branching out an moving forward to move to into new and uncharted areas.
Why did Sr. take such an incredible risk putting the OCC restaraunt in his bike shop? Is he so greedy even a dollar going to a burger joint down the block to much for his ego? Won't it's likely failure be made even worse with it sitting right in the shop building?
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...The hardest working people at OCC are; the Criminal Fraud Defense Attorney, Foreclosure Negotiator, Divorce Attorney, and now.... the personal bankruptcy attorney.
Why did Sr. take such an incredible risk putting the OCC restaraunt in his bike shop? Is he so greedy even a dollar going to a burger joint down the block to much for his ego? Won't it's likely failure be made even worse with it sitting right in the shop building?
In one word, YES.
-- Edited by ghostmonkey on Thursday 29th of November 2012 01:27:36 AM
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The hardest working person at OCC is the person Jason steals his designs from.
Your just not a bike shop till you start selling Xmas supplies and party decorations.
If I already have a huge building with a museum of sorts in it, already, then it makes sense to put some restaurant in that building. It brings new people in which might not have come to the museum. It also keeps people who have come to the museum on the property. It gives a place for your employees to get quick lunches. it gives a place for families of OCC workers to work themselves. All in your own building.
Now what would be risky is putting the OCC Cafe 50 miles down the road, in someone else's building.
So what happens to the restaurant when the lease on the building runs out in 5 years ? Without the show, OCC is unlikely to be able to remain in a building that large for long. Will Sr and Carlos go through the expense of building a new restaurant space ?
Think of it like this. You and your wife have a child. You live in a 3 bedroom house. Plenty of room. So do you make a place for the child in your own home??? Or do you buy a place down the street somewhere. Some other building, far away from you and your wife.
Okay, I think both Senior and Junior will still have enough money to live comfortably. That is if they do not spend like crazy. Not sure if Junior will still want to finance the PJD Studios thing. It just does not seem like a good thing.
I think both OCC and PJD should settle into making customer bikes. Bikes that can be daily riders, and that do not cost over $50,000. Actually the average Joe could not afford that.
The average Joe has trouble scraping together 20K for a bike. I've been trying to come up with 5K for a pre AMF sportster for years, no luck. Just when I get close, something more important comes up.
I doubt that either of the Pauls would be happy going back to being a small shop again. If OCC had taken the time to build up a good aftermarket parts line for Harleys, they might be in a better position. Although that didn't help out Big Bear, so maybe not.
Yes, I think I have seen you stated that parts thing before. And I think you are right. After market parts certainly would be a revenue stream. Maybe not enough to do that alone, but coupled with other ventures, both OCC and PJD could make it.
I do think you are right about the egos of both Senior and Junior. It is hard when someone falls from the mountain top. But for the sake of their crews and their families, i hope that they both rise above that. Certainly, I believe that Junior has a responsibility of sorts to Vinnie and Cody. And Senior has for Nick, Rick, Christian and others.
Without a show of some type both of our heroes are likely to fade away quickly. Sr.'s high overhead enterprise will dry up into a dusty ghost town without show driven intrest. Jr.'s theme bike shop / studio will lack purpose without a TV platform to showcase customers. Whithout a new show I suspect they will both be but a TV Land memory.
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...The hardest working people at OCC are; the Criminal Fraud Defense Attorney, Foreclosure Negotiator, Divorce Attorney, and now.... the personal bankruptcy attorney.
Think of it like this. You and your wife have a child. You live in a 3 bedroom house. Plenty of room. So do you make a place for the child in your own home??? Or do you buy a place down the street somewhere. Some other building, far away from you and your wife.
So if that's the case then why does the WHQ have so much spare space to fit it? Why did Sr build it so large that it's only now that the place is full? Seems a bit weird don't you think.
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The hardest working person at OCC is the person Jason steals his designs from.
Your just not a bike shop till you start selling Xmas supplies and party decorations.
I think it is natural to build a place with some extra space. Like for instance, newlywed couples will often buy a 2 or 3 bedroom house, when the couple only needs 1 bedroom. But they know sometime in the future, they might need some extra space. For whatever. Maybe for a child, maybe for a wrestling ring.
I think it best to build one time, with forethought, rather than rebuilding, then rebuilding, then adding on, then building some more.
In Sr's defense (I shudder), the WHQ was built with the intention of putting in an eatery, it was always part of the layout. The project was delayed because, at the time, Jr was still a partner in the company and would have had to sign off on it. He also would have had an interest in the Cafe during the settlement. By the time that Jr was out of the picture, Sr was dealing with the foreclosure and couldn't justify an expansion at a time that he was telling the bank that he couldn't pay his mortgage. Once that was settled he could build the Cafe. Unfortunately, his timing sucked. Now that the Cafe is finally open, the show is ending and any TV promotion he may have been counting on to boost sales will go away.
I still think that the OCC Cafe was a bad idear from the beginning, but then I don't have Sr's brilliant business sense.
Is there any correlation between Ducati dealership success and the size of the town that they are located in???
I just was thinking that the larger the city, the better the chance for success of the motorcycle dealership. In looking into this, I would think one would have to exclude Harley Dealerships as that brand is more ingrained in America. Ducati would not be that way.
Another thought:
How much crossover exists between chopper buyers and speed bike buyers????
-- Edited by ElGuapo on Friday 30th of November 2012 01:17:45 PM
I certainly am not saying that the OCC Cafe is the smartest business venture ever. But it does make sense to do it in house. It is something that will keep people on the property. The longer people hang around, the more likely they are to spend some money.
I cannot see how it would be better for Senior to build a building miles away from OCC and put an OCC Cafe in it. It is like Disney World putting a Disney Cafe is West Virginia. Wouldn't it be better in Disney Land???????
Since the space was there, He should have had a national chain, or a local entrepreneur, come in and charge them rent, or a percentage of the sales. That would have gotten an eatery in the building years ago, with minimal personal expense.
Now, he is starting a new venture, at a time when visitations are expected to decline. Sure, the Cafe will have and initial boost due to curiosity, but eventually, he will have to rely on the locals come and dine, as the loss of the show will no longer generate a fanbase willing to make a pilgrimage. I don't see local dollars supporting an OCC themed restaurant for long. Which makes the venture a bad investment.
The time and money would be better spent shoring up the primary business. Any thoughts of opening franchises are ridiculous. The only draw would be the show, and that is now gone. If OCC couldn't make motorcycle dealerships work, how are they going to make it in the restaurant game. They couldn't even keep a Ducatti dealership going in their own headquarters.
See I would not think so either. So I am not sure how good a fit Ducati was for OCC. But however, I could see if Ducati approached OCC and pushed for the partnership. It actually in the end have been profitable for Senior and OCC. I don't know the details of the deal.
