might sell my smoker, what could i get for it do you think?

taintedplay · BBQ Fan Joined: 14 Dec 2010 Posts: 172

I might sell my smoker, how much do you think i could get for it? these are old pics and dont really do it justice. im looking for a ballpark estimate so i know where to start offering it for. I always have problems with pictures, if these dont fit I will see what i can do and repost them. thanks in advance

IT IS PAINTED, THESE ARE PRE PAINT PICS
some specs:
two stainless steel propane grills hooked to two 40lb tanks.

large smoker built from a 250gal tank, plus i added the upright section and the firebox

the whole backside is all stainless steel counters that lift up for storage below (everything covered in white paper)

stainless steel cabinets on the backside

working sink with a 10gal resevoir to feed it

large woodbox, with a stainless steel counter ontop (so there are approx 15ft of stainless steel counters)

on a 16ft red flatbed trailer, brand new, with the firebox hanging off the back.

all of it is made with 1/4 inch steel

it is painted now (dont have new pics) black, with the texas emblem and all the lettering on the smoker white

uses tuning plates

minifridge (with stainless door) powered by two large batteries below it

stainless steel shelf in front of the grills and smoker

http://i113.photobucket.com/albums/n236/Taintedplay/c10ff307.jpg

http://i113.photobucket.com/albums/n236/Taintedplay/9bca58d5.jpg

http://i113.photobucket.com/albums/n236/Taintedplay/e07ce48e.jpg

http://i113.photobucket.com/albums/n236/Taintedplay/efe13aa5.jpg

http://i113.photobucket.com/albums/n236/Taintedplay/4e9d0130.jpg

http://i113.photobucket.com/albums/n236/Taintedplay/fde298d5.jpg

http://i113.photobucket.com/albums/n236/Taintedplay/e8422e06.jpg

http://i113.photobucket.com/albums/n236/Taintedplay/0d0dcdee.jpg

http://i113.photobucket.com/albums/n236/Taintedplay/5e0e1e2f.jpg

http://i113.photobucket.com/albums/n236/Taintedplay/6f0155e4.jpg

http://i113.photobucket.com/albums/n236/Taintedplay/22b1dedd.jpg

http://i113.photobucket.com/albums/n236/Taintedplay/994d0ce4.jpg

k.a.m. · Posted: Oct 26 2011 Post subject:

Why are you selling it after so much work went into it?
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BBQMAN · Posted: Oct 26 2011 Post subject:

Awesome looking cooker to be sure! Cool

I got pics of what those grills will look like in a few years. Shocked

Hard to say on a price tag, depends on what you have in it and what somebody figures it's worth.

Unfortunately you are heading into the "off" season for cooker sales (not in Florida, but elsewhere) as winter approaches, and quite honestly most folks don't have a stack of extra cash lying around these days.

All the Texas Tech and state ornaments DRAMATICALLY reduce the price to almost nothing (J/K, it does look great). Razz

Get some new pictures of what it looks like finished, as well as some with the doors open and details of the firebox- all things I'd want to see.

Good luck with it.
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SoEzzy · Posted: Oct 26 2011 Post subject:

Please read PMPNLT650pxOTLS!
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Mikeydidit · Newbie Joined: 27 Sep 2011 Posts: 68

Come on Texas Tech isn't doing that bad.. Very Happy

Seriously that is a really nice looking setup and you done a nice job on her.

I think BBQman is right on the price. I would start off asking what I thought it was worth. My time + materials. Post it on Craig's list. Thats free.

If you get in a bind and really want to turn it put it in the American classifieds. Maybe post pictures of it around the university. Maybe bring her to a game and put a for sale sign on her in the parking lot. That sort of thing.
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BBQMAN · Posted: Oct 26 2011 Post subject:

Arlo · Newbie Joined: 24 Sep 2011 Posts: 33

If you want to Double the Price take the Texas Tech off and put Roll Tide on that bad boy!!!

Just Joking'''' Man that thing is bad. I wish I had it.

taintedplay · BBQ Fan Joined: 14 Dec 2010 Posts: 172

ill get updated pics as soon as i can

and as far as what i put into it:
i put in 18k total, about 7 of that was labor (stainless steel and small stuff) and the rest materials. i got all my steel at a very good price.

i dont know how long i spent personally, a bunch of time designing it and doing little work. my friends company paid (as a gift to my fraternity) for two works to work on it full time, and im estimating 6000 worth of labor for that (2 guys working full time over a few weeks i think)

so there is 18k plus 6k, not to mention i got steel cheaper than the average person could get it. I was hoping to get 28-30000 for it, is that unreasonable?

BBQMAN · Posted: Oct 28 2011 Post subject:

k.a.m. · Posted: Oct 28 2011 Post subject:

It sounds to me either the Fraternity or the company that did all the work and supplied the steel should get the cooker. Maybe you should just donate it to the Fraternity then it can be used for years to come. Just my opinion.
So I am guessing you built it to make a profit on it?
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taintedplay · BBQ Fan Joined: 14 Dec 2010 Posts: 172

Let me explain myself, i see how i worded it created some confusion. I paid for the entire trailer myself, which came to $18000. In return, my fraternity signed a notarized contract that I would be paid back in two years. (Basically we wanted a smoker but didn't have the liquid cash, so the fraternity "took out a loan" from me, and in two years time I will be paid back. Once I brought the trailer to Lubbock from Dallas where I built it, I signed over the title to the trailer along with signing a contract giving my fraternity the smoker.

The plan was if i could get it sold for say ~28000, reinvest ~15000 into a new smoker, (I don't need all i put on it, some of it is nice but not applicable to what we use, for example, we never use the stainless counters because we prepare the meat always in the fraternity house kitchen, so when building tailgate trailer 2.0 I wouldn't pay to include those)

Then with the ~13000 I would reinvest that into mostly paying myself back. So, if we made 13000 in 'profit' from selling the smoker, that would just go towards the debt the fraternity has to me. So this would be directly benefiting the fraternity, and not myself (other than getting paid back faster).

I see how it looks like I was doing it for personal profit, but that is not the case.

And for the guy who got his workers to help me, I would be very upfront and see his opinions on the matter, but since his son is in the fraternity (that's why he helped, it was a gift to the fraternity) I would think that doing something that directly benefited the fraternity even more would be something he would like. It would mean that he got us a smoker for way under what we normally would ever have to pay for one because he gave us the equipment to flip for a higher profit to the fraternity, if that makes sense.

And bbqman, if 28000~30000 sounds unreasonable, what is a general price bracket that you think would work?

The reason i chose 28000~30000 is that lazyaces, also living in lubbock, sold his trailer for ~22000 and that was before he put all the counter tops on it and he did not have the double stainless grills, sink, or minifridge. (thats probably 2-3000 in materials, plus a bunch of labor for the stainless steel countertops)

Sorry for a really long post, I didn't want yall to think I was abusing the generosity of one of my fraternity brothers. You are very right about us helping each other out past what any normal person would do, I have 112 brothers that I would do anything for in a heartbeat. I would never do anything to hurt or use a brother. You should hear some of the stories I have that would prove that hahah.

Big Ron · Posted: Oct 28 2011 Post subject:

Try to find some Alumni with deep pockets if you want to get that price for it. Good luck
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taintedplay · BBQ Fan Joined: 14 Dec 2010 Posts: 172

If I can't get enough to make it worthwhile I'm going to just keep it. And what price range do you think is fair? Y'all know more than I do

SoEzzy · Posted: Oct 28 2011 Post subject:

You paid $18,000 for it.

Your fraternity is going to pay you back over 2 years...$9000 / year.

They hold the title, you hold a contract.

You are going to see if you can sell it for $28,000 - $30,000, and keep $13,000, build a new pit with $15,000 as it doesn't need to have so much on it.

Questions

1) If the fraternity owns it, why don't they get the money from the sale?

2) They could then pay you back your $18,000 and the fraternity would be $10,000 in profit.

3) If the $13,000 goes to you, do they still owe you the $18,000 too?

There are more questions in mind but I won't drag them out or air them and be thought worse off than I already am.

From the information on this thread the figures don't make sense to me, and figures that don't make sense mean other things.

End of participation in this thread.
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Big Ron · Posted: Oct 28 2011 Post subject:

Also, you can assist the fraternity in cooking fundraisers until it is paid off. Should not take long
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taintedplay · BBQ Fan Joined: 14 Dec 2010 Posts: 172

1) If the fraternity owns it, why don't they get the money from the sale?

they are, there just putting the money they make to paying me back faster. But i am not getting any more money than the original 18k I put in.

2) They could then pay you back your $18,000 and the fraternity would be $10,000 in profit.

That is exactly the idea. The only difference is the plan was to reinvest 15k into a new smoker, and work towards their debt with me with the rest of the money. So basically all the money ontop of 18000 it would be sold for goes strait to paying off debts.

3) If the $13,000 goes to you, do they still owe you the $18,000 too?

I explained this in the last two questions. If they 13000 went to me, they would only owe me the last 5000 (so they paid 13000 off of 18000 in debts.

The idea was that the fraternity instead of spending 18000 on a smoker, they only spend 8000 (the ten thousand dollars profit goes to this, so they 10000 made is just reinvested into the fraternity)

Fraternity buys smoker for 18000. sells it for 28000. they buy smoker 2 for 15000, and now have 13000 to pay back the origional purchase of 18000. So now they have a 15000 dollar smoker that they only paid 5000 for. (15000 - 10000 profit from the sale)

Once again, I would be making NO MONEY in profit from any of this. I did not build this smoker to profit in the least, I built it soley because i love planning and building things (more the planning to be honest) and i love my fraternity. This was not for personal financial gain (im actually paying interest on the 18000 dollar loan i took out to make the smoker, so im losing money actually, thats why I would like to sell it and get myself paid off faster so less interest)

Jarhead · Posted: Oct 28 2011 Post subject:

I agree with Mr. Bear. You don't/CAN'T sell something that does not belong to you. I believe that is called Grand Theft.
They hold the title in their name and you have a contract.
YOU DO NOT OWN IT ANY LONGER.
ie, You own your house, the Bank has the paper on it. The Bank finds out they can sell it for more than you paid and they do so at a great profit and leave you in the street with what you have paid toward it.

I would be one POed MoFo and come lookin' for somebody.

Any profits made from the sale belong to the owner, not the lien holder.
They pay you off and keep the change.

Edit: Why are you including "Donated Labor" and wholesale prices (again basically donated) into the price that you are charging them?
Something smells about this transaction.
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taintedplay · BBQ Fan Joined: 14 Dec 2010 Posts: 172

maybe thats what i didnt make clear. I WOULD BE SELLING IT ON BEHALF OF ATO. IE ITS THE FRATERNITY SELLING IT, IM JUST THE PERSON IN CHARGE.

I am our tailgate commitee chairman, and so I would be in charge of selling it, but its not a personal sale between me and the buyer, its between my fraternity and the buyer, im just like the broker (except no commission obviously)

"Any profits made from the sale belong to the owner, not the lien holder.
They pay you off and keep the change."

thats the idea. i guess i just havent been making myself very clear. if this were to happen i personally would not be profiting from this at the least. i am working on behalf of my fraternity to benefit my fraternity.

GF · Posted: Oct 29 2011 Post subject:

taintedplay, FWIW, I would check to see if your plan is good with whoever donated the labor first.
Two welders for two weeks is a costly donation for him.
I wouldn't want to create hard feelings or mis-understandings.
Good luck.
The smoker looks great , couldn't guess on a price though.

SoEzzy · Posted: Oct 29 2011 Post subject: