Hertel is closing.

[David]

Last year the owner mentioned to me that he was retiring soon. This summer the Hertel website said that the company was for sale. I was just emailing the owner, after receiving my most recent order, and he said that he was disposing of everything and just shuting it down. I can't believe someone isn't interested in buying it.

 

[chopchop]

Sad. He's got a solid, recognizable brand (with great Heinz Edelmann-esque graphics). That alone must be worth something to someone.

 

[Philpug]

Terry is a good guy. Yes, it's a shame no one picked it up.

 

[graham418]

Glad I just received 2 blocks of the super sauce. Maybe I should think of buying more?? Reliable product at reasonable price. What more can you ask for

 

[scott43]

You know, the bicycle/ski shop I worked at years ago eventually went for sale. The old owner didn't want to do it anymore, and we were a highly skilled shop. Owner was a machinist, mechanic and welder by trade. But there was not one bit of interest in buying the business. I don't know why, but it seems to be a theme. I think it's a labour of love sometimes and sometimes the right person with the same love just isn't there. I miss those days. Wish I could buy the shop now.

 

[chopchop]

You know, the bicycle/ski shop I worked at years ago eventually went for sale. The old owner didn't want to do it anymore, and we were a highly skilled shop. Owner was a machinist, mechanic and welder by trade. But there was not one bit of interest in buying the business. I don't know why, but it seems to be a theme. I think it's a labour of love sometimes and sometimes the right person with the same love just isn't there. I miss those days. Wish I could buy the shop now.

Could also be he doesn't want to deal with a transaction. Lawyers, doc review, months of waiting, all for a small biz? Of course it depends on the size of any offers, but anyone who's been through an M&A process, even for a <$1mm biz, knows it can be a real PITA.

 

[David]

Could also be he doesn't want to deal with a transaction. Lawyers, doc review, months of waiting, all for a small biz? Of course it depends on the size of any offers, but anyone who's been through an M&A process, even for a <$1mm biz, knows it can be a real PITA.

Well he said he has sold a few other businesses so it sounds like he's no stranger to the process. I'd make an offer if I was 10 years younger!

 

[Jacques]

The "H" word will be gone! Not the end of the world. Ski on and find another brand.

 

[eok]

Sad to hear the brand is gone but happy for Terry.

I have enough FC739, Hotsauce & Spring Solution to cover several more seasons.

I do test different brands of wax periodically, so I'll have a good idea which wax(es) I'll switch to when the time comes.

 

[Wasatchman]

The website still says the business is for sale. Not too late for someone to step up and buy the company. Terry may be reached at 408-499-0584 if you want to chat in person. Tell 'em Spanky sent ya.

 

[cantunamunch]

. Wish I could buy the shop now.

Wanna buy Bob Jackson?

 

[scott43]

Wanna buy Bob Jackson?

I just don't have the welding skills. Otherwise... Maybe...

 

[Rich McP]

Wanna buy Bob Jackson?

As in the bike frames?

 

[Jerez]

How sad. I am all out of Hot Sauce. Love the stuff... no Brainerd wax.

 

[scott43]

As in the bike frames?

Correct.

 

[ScotsSkier]

Could also be he doesn't want to deal with a transaction. Lawyers, doc review, months of waiting, all for a small biz? Of course it depends on the size of any offers, but anyone who's been through an M&A process, even for a <$1mm biz, knows it can be a real PITA.

Yup! what tends to be forgotten is that the transaction costs for a small transaction are not much less than for a large transaction. Sa as a percentage they are much larger. Consider $150-$200k for a $1m deal v. the$150-200k for a $5m deal When i worked in M&A we turned down a few deals because they were simply too small to justify the same effort and costs as a much larger deal where there was a much greater potential upside.

 

[Jerez]

Hahah.ooops

 

[David]

How sad. I am all out of Hot Sauce. Love the stuff... no Brainerd wax.

It sounds like they still have enough to get through the season. I just bought a couple years worth today.

 

[cantunamunch]

As in the bike frames?

Sad News - Bob Jackson Cycles Closing

A blog about bicycles and bicycle riding. Emphasis on vintage and classic bikes, with lots about old vs. new technology.

bikeretrogrouch.blogspot.com

 

[scott43]

Sad News - Bob Jackson Cycles Closing

A blog about bicycles and bicycle riding. Emphasis on vintage and classic bikes, with lots about old vs. new technology.

bikeretrogrouch.blogspot.com

Sad. I was talking to Donald a couple of months ago. Nice straight forward fellow. If only I could weld. The more I read about cheap carbon frames the more I wonder if 853 isn't a good alternative..