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/biz/ - Business & Finance

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3484793 No.3484793 [Reply] [Original]

I have the following business opportunity with two of my colleagues.

one has contacts to a coffee producer in ethiopia and some of the locals there. he also has contacts to a coffee reseller here. the reseller has informally agreed to buy up to 250 units of ethiopian coffee if we manage to get it to them.

to do so it would require about 120k euros, i.e. 40k from each. we estimate a net revenue of about 10%. if this works we can scale the business up and turn it into higher profits

so the risk is that the we have to be there to take a sample, bring it back and test it. if the agree, we can start shipping. for shipping one of us has to be there to oversee everything. and by that i mean really everything, because they cant be trusted. the other risk are pirates. so if we manage to get here things will be okay.

would you do it?

>> No.3484814

>>3484793
>informally agreed
no. get it in writing, agree to a payment schedule

>> No.3484834

>>3484814
that's up next. tho they would still have the right to deny purchase if the coffee has a lower quality tan the sample. but that is an acceptable risk, i guess

>> No.3484835
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3484835

>>3484793
10% and it involves pirate risks and your mates actually having that much money available.. no way.

Go to the casino, at least you won't be eaten after you're robbed.

>> No.3484854
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3484854

>Sourcing raw materials from 3rd world countries
>10% profit
This veture will be a shittonne of asspain to just make 4k euros. Ask for a bigger profit, because the one with the connection sure is getting a massive profit.

>So the risk is that the we have to be there to take a sample, bring it back and test it
>Bring it back
Why? Test there.

>one of us has to be there to oversee everything. and by that i mean really everything
I'd do it.

>> No.3484857

>>3484834
>acceptable risk to have 250 units of useless, unsellable coffee

>> No.3484912

How long would this take? You can make 4k panhandling with a clever sign

>> No.3484916

>>3484857
it's not unsellable. it's just under price that was agreed upon.

>>3484854
>he one with the connection sure is getting a massive profit.
he claims it will be evenly distributed

>Test there.
we'd test there. the thing is that things during the transport can go wrong. e.g. niggers exchanging our product with lesser quality stuff

>> No.3484935

>>3484834
>sorry anon the coffee's quality is too low, not buying
>wait two weeks while you panic over paying to store a warehouse of coffee
>ok anon I'll buy the coffee at a 50% discount because of the low quality and because we're such nice guys :)

>> No.3484969

>>3484935
fugg

>> No.3484983

>>3484916
>niggers exchanging our product with lesser quality stuff
If you've been to the farm, they're not going to switch out they product. They would just take the money if they were going to rip you off.

>he claims it will be evenly distributed
>he claims

>> No.3484993

>>3484912
>panhandling
it'd would take about 4 weeks

>> No.3485150

>>3484993
So 4k euros for a month's work? Not worth it imo unless payment increases or reseller will take double the supply.

>> No.3485174

>>3485150
>>3484993
Saw you said in OP that you can scale the business. How long would that take?