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#1
07-23-2008, 11:04 AM
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Biofuel Franchises
I came across this on craigslist. Anybody ever hear anything about these operations?
http://baltimore.craigslist.org/bfs/760150174.html
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I never go far without a little Big Star 1994 E500 199/Gray 82k 84 300D (Salty) Orient Red/Palomino 141k 88 300CE (Ersatzhammer) 904/Java 163k -- Turbo Technics twin turbo kit, AMG Gen I body kit, Sportline steering box and steering wheel, Sportline/Eibach /Bilstein Sport/500E suspension, Quaife LSD in 210 mm diff case, Silver Arrow brakes. 88 300CE Brabus 3.6 199 on Black 44k 
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#2
07-23-2008, 11:05 AM
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Flagged down.
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#3
07-23-2008, 11:27 AM
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It was for a company called SunX Energy, selling biofuel franchises requiring $50k investment.
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I never go far without a little Big Star 1994 E500 199/Gray 82k 84 300D (Salty) Orient Red/Palomino 141k 88 300CE (Ersatzhammer) 904/Java 163k -- Turbo Technics twin turbo kit, AMG Gen I body kit, Sportline steering box and steering wheel, Sportline/Eibach /Bilstein Sport/500E suspension, Quaife LSD in 210 mm diff case, Silver Arrow brakes. 88 300CE Brabus 3.6 199 on Black 44k
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#4
07-23-2008, 12:23 PM
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__________________
I never go far without a little Big Star 1994 E500 199/Gray 82k 84 300D (Salty) Orient Red/Palomino 141k 88 300CE (Ersatzhammer) 904/Java 163k -- Turbo Technics twin turbo kit, AMG Gen I body kit, Sportline steering box and steering wheel, Sportline/Eibach /Bilstein Sport/500E suspension, Quaife LSD in 210 mm diff case, Silver Arrow brakes. 88 300CE Brabus 3.6 199 on Black 44k
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#5
07-23-2008, 12:31 PM
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The website looks legit but that craigslist post had the smell of scam all over it.
If they require $50K investment craigslist is about the last place they would be looking for investors, especially for a Canadian based company 2800 miles away from Baltimore.
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#6
07-24-2008, 05:29 PM
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Quote:
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I never go far without a little Big Star 1994 E500 199/Gray 82k 84 300D (Salty) Orient Red/Palomino 141k 88 300CE (Ersatzhammer) 904/Java 163k -- Turbo Technics twin turbo kit, AMG Gen I body kit, Sportline steering box and steering wheel, Sportline/Eibach /Bilstein Sport/500E suspension, Quaife LSD in 210 mm diff case, Silver Arrow brakes. 88 300CE Brabus 3.6 199 on Black 44k
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#7
07-24-2008, 05:39 PM
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These people also spam investor's forums. If you google them, not a lot of good is said about them.
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99 ML320 94 SL600 92 SL500 95 E320 Cabriolet 87 560SEC 86 300SDL Grease Car 80 380SLC Euro 13 Fiat Abarth 02 Maserati Spyder Cambiocorsa 00 BMW Z3 90 Rolls Royce Silver Spur 80 Ferrari 308 GTSI 88 Jaguar XJS12 H&E Edition 99 Land Rover Discovery
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#8
07-25-2008, 01:43 AM
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I inquired about it when they spammed the Seattle Craigslist.
$50k is just the beginning. That's just the up-front cash to secure your franchise. The TOTAL investment for the franchise is $350k. The other $300k is due when you take delivery of the processing setup - fully self contained hooked up and ready to go installed in a cargo container. It is a "continous batch" processor and uses Magnesol for drywashing. For that investment they will supply you with all the oil, methanol, lye and Magnesol you need to produce 30k-35k gallons a month IIRC. Then you sell the finished product back to them for $1 a gallon. So, they supply the raw materials, and you supply the location, labor, and the utilities out of your proceeds. The catch is that there is only one operating plant right now, in Vancouver B.C. That and the fact that they are still developing their oil supply from - you guessed it ALGAE. In theory they guarantee your initial investment if for some reason they never go into full production of algae oil or whatever. I decided that their guarantee would probably be worth about as much as the paper it was written on. They also couldn't give me anything like a firm prediction of when they would be ready to provide the supply of oil. I decided to pass. If there were more guarantees of how soon they would be able to provide the required supply of raw materials, I might be more likely to seriously consider buying into it. EDIT: I also forgot to mention, your franchise agreement includes an exclusivity clause - you can only use their supplies and have to sell all your production to them for the first 3 years as I recall. So no converting any locally collected grease into bio for sale or other commercial use during that time would be allowed... One other thing is that they will dispose of your glycerol by product for you if you want them to - no charge. However, if you can find a local market for it (such as someone making all-natural soaps) you are better off keeping it and selling it yourself for a small profit. That's what they plan on doing with it if you let them have it. As you can probably tell, I took a serious look at this and asked them some pretty detailed questions....
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1984 300 Coupe TurboDiesel Silver blue paint over navy blue interior 2nd owner & 2nd engine in an otherwise 99% original unmolested car ~210k miles on the clock 1986 Ford F250 4x4 Supercab Charcoal & blue two tone paint over burgundy interior Banks turbo, DRW, ZF-5 & SMF conversion 152k on the clock - actual mileage unknown Last edited by rcounts; 07-25-2008 at 04:34 PM.
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