Cycling and bicycle discussion forums. 
   Click here to join our community Log in to access your Control Panel  


Go Back   > >

Classic and Vintage Bicycles: What's it Worth? Appraisals and Inquiries Use this subforum for all requests as to "How much is this vintage bike worth?"Do NOT try to sell it in here, use the Marketplaces.

User Tag List

Reply
 
Thread Tools Search this Thread
Old 05-14-10, 03:17 PM   #1
tada
Junior Member
Thread Starter
 
Join Date: Apr 2010
Bikes:
Posts: 14
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Flipping two mountain bikes

Is it worth flipping two rideable mountain bikes? Both are is good shape and fully operational. One is a 1999 Raleigh M30. It would need some new tires and a new tire tube. The other is a 2000 Diamondback Sorreno, in perfect shape. I can get both for around $40 each. Is there profit potential in them? Thanks
tada is offline   Reply With Quote
Old 05-14-10, 08:27 PM   #2
wrk101
DRF aka Thrifty Bill
 
wrk101's Avatar
 
Join Date: Jan 2008
Location: The NC Mountains
Bikes: 86 Katakura Silk, 87 Prologue, 87 Cimarron, 14 frame school custom, 73 Paramount
Posts: 19,966
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
Depends where you are located and what you consider reasonable margin. I rarely pay over $25 for a flip MTB. That Raleigh is really low end, I would pass on it for sure. I picked up a Raleigh a couple of steps higher up their product line from that bike, for $25, and it only needed a new tube. And I consider that pick up a mistake. I usually only pick up Trek and Specialized MTBs. Its what buyers recognize.

Many people a lot smarter than me have told me to not bother trying to flip MTBs. I just see 10X as many MTBs at low (thrift store and garage sale) prices.

Included in any margin you have on a flip is the time spend finding the bikes in the first place, any parts, time spent cleaning and rehabbing them, and time spent marketing them (writing the ad, taking the pictures, answering emails from deadbeats, phone calls, etc). And you also have the cost of any mistakes (at least I still make them), unforeseen defects, flaws, or whatever. So what can appear to be a healthy margin can evaporate pretty quickly to breakeven (or worse).



I am on the deadbeat bandwagon right now, I have had four in a row this week......

Last edited by wrk101; 05-14-10 at 09:34 PM.
wrk101 is offline   Reply With Quote
Old 05-15-10, 05:18 AM   #3
Esteban32696
Senior Member
 
Join Date: Feb 2007
Bikes:
Posts: 1,131
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
It all depends on where you live. I live in an area with high demand for bikes, so most used bikes bring a good price. Those bikes in very good , ready to ride condition, would bring about $100 ea. , here.
Esteban32696 is offline   Reply With Quote
Old 05-15-10, 06:26 AM   #4
EjustE
sultan of schwinn
 
EjustE's Avatar
 
Join Date: Sep 2009
Location: Lehigh Valley, PA
Bikes:
Posts: 3,594
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
No. At $40 its not for these 2. Both these bikes were entry level. About $50-75 on CL these days. Original full price new for the Sorrento was $300 and the Raleigh $260
EjustE is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -6. The time now is 08:24 PM.