Welcome to our forum.
InterestingI brought this up a month ago on this thread http://www.whatsthebest-hottub.com/cgi-bin/yabb/YaBB.pl?num=1226263540I did buy the Sundance and took delivery yesterday. Hopefully if they do go belly up the dealer wont (like them a lot and they have been carrying SD for years) and we'll still be able to get it fixed and under warranty. Who knows. Many of you said there was no way Jacuzzi and SD would be going under. This is an economy like no other for sure!
Jacuzzi and Sundance are strong enough to survive and if sold off someone would pick them up, debt or not, its a bit different industry then Linen and things.
I don't think anyone would purchase a business that's saddled in debt in an industry that's down 50% right now. I think the only way Jacuzzi changes hands is if they are forced to liquidate assets under bankruptcy in order to pay back thier creditors.
I am not so sure the industry is down 50%, not that I know! I think it varies depending where you live. We actually are only down 5% from last years totals. From what I heard in Vegas most were saying 20 to 30%. I am more or less asking not telling. Hot Tub Ryan, if you don't mind tell us a little about yourself.
Hot tub Ryan, who laid you off, Sundance or jacuzzi..I didnt see anywhere in the article that you posted the words "going under"...Since you are in the industry as you say, you may not want to attach a copy of this thread you started to your next application..
I'm in my mid 30's. I sell Hot Spring in California and I have been doing so for 3 years. I'm a Scorpio . I like long walks on the beach... Let me know if I left anything out.
I never thought we would see a huge name like Mervyn's go away. They were much bigger than Jacuzzi. These are crazy times for sure...
With Sundance's current sales event, "No interest and no payments until 2010! "...what happens if they go under before your first payment is due?