Posted 4/18/2012 4:24 am
Yes, and that's truly minimal overhead. Often, no overhead. A storefront in California? Inspectors crawling up your ass for everything? The overhead's gotta be significant.
In my little corner of the world, I caught wind of a local lady doing the same sort of shit, and she was dropping $1500/mo for the store rent, and then blew through $500/mo for each of natural gas and electricity. $2500/mo for running some "ehhh" thrift shop in the fucking flyover? And that's without paying yourself to live, and your laborers? What a loser. So I can only imagine how that "store" for the crook and his stripper whore costs each month.
Posted 4/18/2012 4:47 am
Hired Hester to appraise my recently deceased grandmothers estate which was at a storage facility. Hester lied and stated he was licensed, bonded and insured as an appraiser which he is not. Hester arrived at the storage facility and indicated he forgot his "LOOP" and that the lighting was not good enough to make the appraisal at the facility and would have to take the complete estate to his warehouse in Orange to make a proper legal appraisal. He took the property the next day and sold it at his auction house for at total of $5,000 when the property was worth, according to Hester when he first gave me an EDUCATED guess what the estate might be worth, $60,000.00. Hester did not have permission to sell any of the estate let alone did not have a written or verbal contract. He tells the police that we had a verbal contract which placed the complaint into a civil matter rather than criminal. When he auctioned the estate off he apparently had a private auction with just his friends and let his friends buy the property for next to nothing and then Hester would buy back the property from his friends and resell the property at a different auction house in a different county. I filed a civil suit against Hester in the Orange County Superior Courts in California and he indicated that he would file bankruptcy if I were to get a judgement against him which would wipe out my money judgement. Hester also never gave me any of the proceeds that he collected but instead sent me a bill for $5000 for wrapping and packaging up the estate to be taken to his warehouse.
Posted 4/18/2012 4:59 am
I believe every word of that. That's how too many people "do business". They get in through some detail or loophole in your trust, and then fuck you in the ass as hard as they can.
The only way to do it is like the the guys in the other storage show - your whole business is in a milk truck, and you make your money by flipping your finds quickly to an established list of contacts.
carrying used merch in a brick and mortar store with a monthly vig is a guaranteed money loser.
Posted 4/18/2012 5:51 am
Hester claims he made money on that locker full of books is complete BULLSHIT. There is no market for used books. Libraries are unloading millions of books. They can't get rid of them.
Posted 4/18/2012 6:08 am
Hey, if he actually tries, he might well 1/3rd of the collection over 5 years on eBay for an average of $1/book. So yes, if he did that, he'd "make money". But if he paid somebody to do it for him, he lost his fucking shirt.
And 2/3rds of the collection would still hit the incinerator.