Rover 9 #1 October 12, 2015 http://www.stuff.co.nz/business/72928597/queenstown-skydiving-company-sells-for-17-million Quote Share this post Link to post Share on other sites
chuckakers 370 #2 October 13, 2015 Roverhttp://www.stuff.co.nz/business/72928597/queenstown-skydiving-company-sells-for-17-million Seem pretty reasonable considering.... "During the last financial year it conducted 23,055 tandem jumps, generating revenues of $11.4 million."Chuck Akers D-10855 Houston, TX Quote Share this post Link to post Share on other sites
DeputyDawg 0 #3 October 13, 2015 I thought there wasn't any money to be made in skydiving... Quote Share this post Link to post Share on other sites
Squeak 17 #4 October 13, 2015 DeputyDawg I thought there wasn't any money to be made in skydiving... there's not, but there isa qyite a bit to be made in Commercial Tandem Parachitung. The guys who bought this, are not dumbies they own quite a lot of Tandem operations here in OZ (and my sport DZ) and recently listed on the Australian Stock Exchange. This new endevour is their 1st step in Global domination You are not now, nor will you ever be, good enough to not die in this sport (Sparky) My Life ROCKS! How's yours doing? Quote Share this post Link to post Share on other sites
IJskonijn 38 #5 October 13, 2015 There is for tandem farms. They charge ridiculous prices for solo skydivers and students, and I fear nothing will change after the sale. It's a shame, New Zealand is a fantastically beautiful country, but it has very slim pickings when it comes to sports-jumper friendly DZ's. Quote Share this post Link to post Share on other sites
uer16 1 #6 October 13, 2015 chuckakers "During the last financial year it conducted 23,055 tandem jumps, generating revenues of $11.4 million." $494.47 per jump!? Quote Share this post Link to post Share on other sites
PhreeZone 15 #7 October 13, 2015 http://www.nzoneskydive.co.nz/tandem-skydive/skydive-prices 15,000ft $439 New Zealand Dollar EXOSFEAR / 200KPH 12,000ft $339 New Zealand Dollar STRATOSFEAR / 200KPH 9,000ft $299 New Zealand Dollar TROPOSFEAR / 200KPH They have a lot of video sales too. Photos $189 Videos $189 USB Combo $229 Exchange rate for NZD to USD today is 1 USD = 1.49755 NZD - That puts the $229 NZD as costing $159 US and the $439 tandem is $290 US.Yesterday is history And tomorrow is a mystery Parachutemanuals.com Quote Share this post Link to post Share on other sites
bdawk 0 #8 October 14, 2015 chuckakers***http://www.stuff.co.nz/business/72928597/queenstown-skydiving-company-sells-for-17-million Seem pretty reasonable considering.... "During the last financial year it conducted 23,055 tandem jumps, generating revenues of $11.4 million." I'm not sure how much it would change the bottom line but revenue is just $ in the door. It does not account for expenses or money out the door for employees, fuel, equiptment etc. Once you subtract all of that you would have net profits - which could still be high. Quote Share this post Link to post Share on other sites
Stumpy 256 #9 October 14, 2015 true - acquisitions are often done on a multiplier of net revenue. I suspect in this case there would likely be an asset calculation as well if they had a plane or two.Never try to eat more than you can lift Quote Share this post Link to post Share on other sites
