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HorsepowerFreaks HPF out of business?!?!?!?!
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05-06-2013, 10:41 PM | #25 |
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05-06-2013, 10:42 PM | #26 |
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I think you guys overestimate how cash laden tuning shops are. A $175k loss would put most shops out of business quickly. Those who say otherwise have probably never run such a shop. If this is true, it's a real tragedy for the HPF team. Most of us are in this industry because we love what we do, not to retire early. It only takes one unscrupulous act to end the product of years of hard work. Sad.
Last edited by OpenFlash; 05-06-2013 at 10:51 PM.. |
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05-06-2013, 10:48 PM | #27 | |
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For those of you that have your own businesses or majored in accounting you will understand that 200k in cash is a HUGE sum of money for any business. Not too many businesses would make it back from a loss of cash like that which makes it even harder to understand how that much cash went missing and nobody caught on. |
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05-06-2013, 11:06 PM | #29 |
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If it was an employee then shouldnt HPF have accurate identification records of him/her and bring it up in court?
Also, it may not have been noticed that $200k was taken because it could have been in one lump sum and then he/she ran. Kinda hard to see that coming
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05-06-2013, 11:12 PM | #30 |
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i am reading that the employee did get sentenced to 38 months, but the money is still gone.
e46 fanatics seems to have the most up to date info. Sucks to see something like this happen, on paper 175k doesn't sound like a lot but it can be crippling to any business. Unfortunately a lot of small businesses are highly leveraged on inventory and/or credit because they feel cash in hand can't give them a rate of return as high as reinvesting it into the business.
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05-06-2013, 11:20 PM | #31 | |
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Its reported that the Gross Revenues for HPF was around 4 million dollars annually. That may sound like a lot but thats considered a small company and I am sure the reported 4 million dollars gross revenues is exaggerated slightly. I don't buy that a firm that size could let 200k cash just walk out and nobody notice. That makes no sense at all. |
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05-06-2013, 11:26 PM | #32 |
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05-06-2013, 11:48 PM | #33 |
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Crazy, I have the HPF clutch and it's perfect for my application. It's sad to see something like this happen to the community.
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05-07-2013, 12:12 AM | #36 | |
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I really hope he gets it fixed. I think that since he has a single Turbo, he should get in contact with @shiv@vishnu to get help and hopefully Shiv can help the guy out for cheap.
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05-07-2013, 12:31 AM | #38 | |
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anyway maybe its my time to get into this business lol....i have the money anyone on hpf pm me for a shop on the east coast =). im actually serious
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05-07-2013, 12:43 AM | #40 |
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05-07-2013, 12:48 AM | #41 |
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As sad as this is, if HPF had moved away from the e46 m3 and actually put in the effort on other/newer platforms (n54,n55,s65)Im sure theyd still be in business.
Nevertheless, still sad to hear what happened. |
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05-07-2013, 12:49 AM | #42 |
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he should have gotten more....he ruined Simmons lively hood!
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05-07-2013, 12:52 AM | #44 |
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