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Waterford going under?

Old 05-10-23, 08:10 PM
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Waterford going under?

https://bikepacking.com/news/waterfo...FBxN1bD5ZW2nNQ
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Old 05-10-23, 08:26 PM
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I just read of this a few hours ago on a different forum. At least one poster was annoyed that he wasn't given the chance to have one more project done by them.

Sorry but one of the reasons why some of us have run a business is to be able to control what we do when. I applaud Richard and the staff in the work they have done and wish them much success min their next phase of life. Andy
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Old 05-11-23, 08:09 AM
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Not really so much as going under as much as retiring.
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Old 05-12-23, 07:50 AM
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Originally Posted by cb400bill
Not really so much as going under as much as retiring.

This! When I decided to close down my shop (Bike One, in Cleveland) I only announced it after I had my ducks in a good row and I knew what the steps would be. It was very interesting to have so many customers and fellow merchants coming to me with their condolences to my "going under", while inside I was excited to move on. People tend to think that ending a business is never a positive choice. In the 15 years I ran the shop I never had a loss, although never made much $ either Andy
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Old 05-12-23, 09:55 AM
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It will be interesting to see where the employees spin off to. Being retired is a good thing.
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Old 06-13-23, 08:12 PM
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I am just curious where customers will go for their Paramount restorations and so on.
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Old 06-13-23, 10:56 PM
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Sell

Why can't he sell the business, don't any workers in his shop want it !!??

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Old 06-14-23, 07:13 AM
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Originally Posted by rossiny
Why can't he sell the business, font any workers in his shop want it !!??
My understanding id that Richard has tried to pass the business along to another and had a possible buyer, but it didn't pan out. How about you buying it? Andy
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Old 06-14-23, 09:25 PM
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Originally Posted by Andrew R Stewart
My understanding id that Richard has tried to pass the business along to another and had a possible buyer, but it didn't pan out. How about you buying it? Andy
I do real estate rentals and remodeling. I love bikes and touring , but not sure if I am the one to take it over. That being said, I'm always looking for a bargain. There was a local bike shop here in SE Wisconsin, and the owner just wasn't passionate about it, and he sold the building to another business. It seemed like he just wanted to close it, instead of selling to continue the business, 40 years plus . His manager moved to another bike shop in Washington state. He basically damaged his own business for some reason and had huge signs up , closeout and sold off stock. I had offered a fair amount, but he sold for more $ to another business. Turned out he had a lot of repairs that cost bucks before sold. So he ruined the reputation and sold similiar price. People do what they want. Personally, i think a brand like Waterford, should have been sold, but we are all brainwashed that you cant compete with China. Lets face it most large manufacturers are building there.

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Old 06-15-23, 08:06 PM
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I got my grenade green touch up paint from Mr. Schwinn last week.
Iíve got a big chip on my Crosshairs top tube.

Glad I had the opportunity to get a Gunnar. Itís quite nice.



shown in fenderless Summer mode
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