Discussion - Member to Member Sales - Research Center
Discussion - Member to Member Sales - Research Center
More info, here:
https://info.mysticstamp.com/learn/apfel ...
I hope things get better with this, with Apfelbaum One year ago I had problems with my card and I had to change it. the site had a virus :-(
Login to Like
this post
They're probably just selling their stock with the condition that they publicly endorse Mystic. I don't see this as good for the hobby overall. 100 year old company with that type of name recognition just sells out and closes up shop?? Naah. Not a positive.
Login to Like
this post
I don't know if you read the statement, but I understand that the Apfelbaum family is retiring and leaving everything to Donald Sundman of Mystic. Apfelbaum's store is already empty, there are no products. I also see that Mystic is giving Apfelbaum their support because they are the ones who leave.
It is something similar to when Mark Sargent from England retired a few years ago and left the business to BB STAMPS, LTD and Mark was left alone as a reference, something similar to a Life Partner.
Login to Like
this post
Hi Rodolfo,
I did read the statement. If the principals want to step away and retire that's totally understandable but if there's a golden goose there are ALWAYS kids, grandkids, nieces, nephews etc. that are more than willing to step up and continue collecting the eggs. I think it's getting harder and harder to make it in the stamp game and they sold the farm.
Login to Like
this post
Having been one of the kids of a family owned business I know why the kids will have nothing to do with the family owned business when the parents want to retire.
It is quite simple.
Most family businesses can and will support one family to a reasonable level.
If there are 2 or 3 kids in the family can that business support 3 or 4 families? The average answer is "No bloomin' way".
The kids must find their own way in the world before the parents retire. Will they want to change their career at that time? Maybe having to move house to return to the family home/area. The average answer is "no way Jose."
What of the parents do they have an independant income away from the business when they retire. If not the business then has to support at least 2 families.
When a business owner decides to sell or close a business at retirement age it is their decision and the way they do it is to suit themselves and their circumstances.
I have seen it too many times that when a business closes, even at retirement, the vultures descend looking to rake over the bones for bargains and 75% of those folkies probably had never been a customer of that business previously.
Here is a question for all members of Stamporama:-
How many of you have bought an item from Apfelbaum in the past 3 to 6 months?
1 Member
likes this post.
Login to Like.
I have never purchased anything from them.
Login to Like
this post
Apfelbaum, Inc. has found a new home with Mystic Stamp Company
More info, here:
https://info.mysticstamp.com/learn/apfel ...
I hope things get better with this, with Apfelbaum One year ago I had problems with my card and I had to change it. the site had a virus :-(
Login to Like
this post
re: Mystic Buys Apfelbaum, Inc.
They're probably just selling their stock with the condition that they publicly endorse Mystic. I don't see this as good for the hobby overall. 100 year old company with that type of name recognition just sells out and closes up shop?? Naah. Not a positive.
Login to Like
this post
re: Mystic Buys Apfelbaum, Inc.
I don't know if you read the statement, but I understand that the Apfelbaum family is retiring and leaving everything to Donald Sundman of Mystic. Apfelbaum's store is already empty, there are no products. I also see that Mystic is giving Apfelbaum their support because they are the ones who leave.
It is something similar to when Mark Sargent from England retired a few years ago and left the business to BB STAMPS, LTD and Mark was left alone as a reference, something similar to a Life Partner.
Login to Like
this post
re: Mystic Buys Apfelbaum, Inc.
Hi Rodolfo,
I did read the statement. If the principals want to step away and retire that's totally understandable but if there's a golden goose there are ALWAYS kids, grandkids, nieces, nephews etc. that are more than willing to step up and continue collecting the eggs. I think it's getting harder and harder to make it in the stamp game and they sold the farm.
Login to Like
this post
06:25:49pm
Auctions - Approvals
re: Mystic Buys Apfelbaum, Inc.
Having been one of the kids of a family owned business I know why the kids will have nothing to do with the family owned business when the parents want to retire.
It is quite simple.
Most family businesses can and will support one family to a reasonable level.
If there are 2 or 3 kids in the family can that business support 3 or 4 families? The average answer is "No bloomin' way".
The kids must find their own way in the world before the parents retire. Will they want to change their career at that time? Maybe having to move house to return to the family home/area. The average answer is "no way Jose."
What of the parents do they have an independant income away from the business when they retire. If not the business then has to support at least 2 families.
When a business owner decides to sell or close a business at retirement age it is their decision and the way they do it is to suit themselves and their circumstances.
I have seen it too many times that when a business closes, even at retirement, the vultures descend looking to rake over the bones for bargains and 75% of those folkies probably had never been a customer of that business previously.
Here is a question for all members of Stamporama:-
How many of you have bought an item from Apfelbaum in the past 3 to 6 months?
1 Member
likes this post.
Login to Like.
re: Mystic Buys Apfelbaum, Inc.
I have never purchased anything from them.
Login to Like
this post