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Canberra’s Boutique Real Estate and Property Management

Summernats up for Sale!!!

By Mrshmellowman 18 May 2009 25

I was just reading over the shoulder in a Cafe while waiting for my coffee and the Daily Telegraph had an article about the Summernats being up for sale.

Is it definitely for real this time??

ED – From the DT article:

    Business consultant Vic Dawson revealed Mr Henry was in negotiations with a possible buyer…

    Mr Dawson said the aim was to ensure the Summernats continued and remained in Canberra.

    Mr Henry revealed on the Summernats website that one company “has first dibs” on ownership and that he hoped to stay on as a promoter.

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25 Responses to
Summernats up for Sale!!!
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CoffinRX2 1:48 pm 19 May 09

Chic is selling the Business which is the Summernats and the goodwill (I know i’m going to get bagged using that term on this site) that comes with the event. When you run an event for your own, you tend to make a lot of lifestyle choices which may not show up to the average purchaser in the accounts, but there are certainly a business case to be made for the event

It’s pretty common knowledge Chic has the event for sale, and there are 2-3 parties interested in buying the event.

miz 1:16 pm 19 May 09

I’m looking forward to a nice, peaceful, quiet January from now on! I might even stay at home!

farq 1:04 pm 19 May 09

SHOW US YA TITS!

Let summernats die and replace it with a less bogan event (and a little more diversity in the cars shown would be nice too).

MrMagoo 12:59 pm 19 May 09

bd84 said :

Free to good home: One whinging event promoter and his possy of hoons.

What a loss to teh Canberra community…..NOT!! It would be devasting to loose Chick banging on about how little support her gets from the ACT Government.

An event that will be happily not missed at all.

p1 11:41 am 19 May 09

It kinda makes me wonder exactly what chicky is selling? I mean the infrastructure mostly belongs to EPIC, it looses money apparently, so he isn’t even selling a income stream. Sounds like the name is the only thing for sale?

Unless he has a future rental agreement with EPIC? Maybe someone can buy summergnats, then cancel it and hold a knitting festival on that week?

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