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Old 03-25-2019, 01:11 PM   #29
77Birdman
Senior Member
 
Join Date: Nov 2018
Location: North Eastern MD
Posts: 486
Default Re: Le Baron Bonney, Out of Business?

I agree that it would be hard for an individual to step in and buy the whole, then set up a business. I would imagine if there is any value a larger corporation may step in. I think the original owners may have started small and built the business to what it was over many years of hard work. Its hard to pay a lot of money in one fell swoop to buy a company that may have been doing just enough. There is a local auction company near me that has been for sale for about 10 yrs. The owner has had it for close to 50 years and it has been built up over that time. He makes a very good living at it. However, for the several million dollar price tag someone will have to do a tremendous amount of volume to cover the expense. Not likely to happen. Same idea applys to LB.
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