Sauna Club Golden Time - Bruggen

[Sirioja]

Golden Time-property has been sold a while ago. The new owner (s) intend to adapt the location and renovate here and there. As far as I know they don't intend to rush or re-open in a hurry. Due to the circumstances involving pandemic effects that doesn't seem too crazy IMHO. I expect some news on their website the upcoming weeks / months but not right away most probably. I don't expect the club to be "Turkish-style" of club.

What about brother LR and Kaarst administration?

[Rocky V]

Golden Time-property has been sold a while ago. The new owner (s) intend to adapt the location and renovate here and there. As far as I know they don't intend to rush or re-open in a hurry. Due to the circumstances involving pandemic effects that doesn't seem too crazy IMHO. I expect some news on their website the upcoming weeks / months but not right away most probably. I don't expect the club to be "Turkish-style" of club.

Good to know, this is a relief! Thanks for this insight!

[Pessimist]

I don't believe your approach is the good one. Even it is legal in Germany it is not a normal business following normal financial rules. The only guy who tried to convinced us it was a normal business was the owner of both FKK Paradise, now I think he is in jail or condemned for prostitution. Most of the big club are owned by HA or other motorcycle clubs.

My approach? I did not know I had any. Someone asked why a club owner might be looking to sell given that it is tough to obtain a license (I don't know if it is tough or not, that person claimed it is). I offered one possible explanation why a owner might sell.

Some of the club owners might or might not have extraneous reasons to keep owning money losing clubs or buying sub-profitable clubs but the lenders (banks or other) do not have such reasons. When the borrower does not pay up on time, it is time to force the foreclosure. If I lent money to someone and they don't pay up, I would do the same.

It is possible the lenders themselves could be other shady characters. In which case, they too might have non-financial motives that might stall them for a while. But eventually, keep in mind, the reason people take up crime is also largely financial. Sooner or later, lenders want their money back.

[ExpatLover]

The answer most often in these situations is debt. Even if we can guesstimate what their cash flows might have been when they were fully functional, none of us know their balance sheet. In the last year, these clubs had no money coming in, some expenses are still there, and when they can't meet their debt obligations, their lenders call it in. We also have no idea what covenants were attached to any debt and what were triggered.

I don't believe your approach is the good one. Even it is legal in Germany it is not a normal business following normal financial rules. The only guy who tried to convinced us it was a normal business was the owner of both FKK Paradise, now I think he is in jail or condemned for prostitution. Most of the big club are owned by HA or other motorcycle clubs.

[SpermBirds]

Golden Time-property has been sold a while ago. The new owner (s) intend to adapt the location and renovate here and there. As far as I know they don't intend to rush or re-open in a hurry. Due to the circumstances involving pandemic effects that doesn't seem too crazy IMHO. I expect some news on their website the upcoming weeks / months but not right away most probably. I don't expect the club to be "Turkish-style" of club.

[DrPoon]

There are rumors GT has been put for sale together with LR. Anybody can confirm this?

The hobbyists should buy it and turn it into a non-profit FKK. Reduced rates and free entry.

[HammerTime96]

It seems the sale has something to do with the death of the owner a few months ago.

I don't know, it could be, but then this owner didn't have any 'business associates,' friends, family willing to take over the business? No succession plan for such a fantastic cash cow (perfect for money laundering!) with a good cash flow and a good reputation? No shady business man willing to make a great offer for a business with a great future ahead of itself?

Aren't these kind of businesses usually bought and sold 'under the radar,' which means that they are deals done in the shadows and most customers only find out about this afterwards?

[Sirioja]

It is likely both clubs will be bought soon by other buyers. Prostitution licenses are not easy to get and that area is a very wealthy area of Germany. Let's wait and see, but I would be surprised if the two clubs are not snatched quickly by other investors. Fingers crossed!

LR brothel was so welcome by Kaarst administration and fell with half rooms than when on top on 2017. Should not be so easy for new brothel business. Also not sure, neighborhood will help for new Bruggen brothel business just in front of houses, why GT had to close earlier. Times may change. Maybe why they thought about isolated Vertigo. But some LR girls and my so vulgar Jane I never noticed when I visited weekly for years, but my eyes prefer to be blind about such girls, when I saw many really pretty Romanians, can be found in Willich and I think Amira back at 6 ens NL she already tried on 2020 reopening.

[Mr Ho]

It seems the sale has something to do with the death of the owner a few months ago.

The owner of GT and LR died few months ago? Well if so these two clubs are goldmine as it was always always full! And operation cost comparison to other FKK like Artemis which is huge venue or palace being close to the center of the city, is much cheaper at Gt and LR being in middle of nowhere in farm land and other in residential area of suburb!

So if GT and LR had no serious debt as some claimed here, I guess they survived during pandemic.

If it is for sale though, I hope it will be on the hand of good owner who will level up the line up and has capability of getting young stunner girls than before and keeping the service level high for standard price which was the charm of these two clubs!

Where did you hear such rumor though? Fellow monger of from business world like from lawyer or banker or media people or?

So many FKK was silent for over one year now and one I am worry about is FKK palace! Closed early from lock down and since then no word!

[Pessimist]

Why would they sell their little gold mine generating lots of cash flow?

I mean, the 'plandemic' is almost over, everybody has been vaccinated, and it will soon be business as usual, right? / sarc.

The answer most often in these situations is debt. Even if we can guesstimate what their cash flows might have been when they were fully functional, none of us know their balance sheet. In the last year, these clubs had no money coming in, some expenses are still there, and when they can't meet their debt obligations, their lenders call it in. We also have no idea what covenants were attached to any debt and what were triggered.

[Mursenary]

It is likely both clubs will be bought soon by other buyers. Prostitution licenses are not easy to get and that area is a very wealthy area of Germany. Let's wait and see, but I would be surprised if the two clubs are not snatched quickly by other investors. Fingers crossed!

I think you are right. The only thing I hope is that the owners are not Turkish because there are enough clubs in the area with Turkish owners. While I like clubs like Samya, there is a clear difference in culture and service levels compared to places like GT and Babylon. I mentioned elsewhere that if GT / LR stays close, there could be a benefit of the girls concentrating in fewer clubs, making the line ups better. But if Turkish owners take over, creating more of the same style clubs, it would only keep the line ups diluted while offering more of the same type of environment without the guaranteed decent service that GT and LR offered.

[Mursenary]

Cannot confirm this. But it is not unlikely. I called them a couple of days ago (GT). And there was not even a reasonable answer machine. In front of LR is everything rotten.

In the worst case, the owners could just sell all this stuff for $3-4 mill and call it a day.

I hope I am wrong. All speculation.

While I'm a bit sentimental that my first FKK club will likely be closed, good memories of German Dahlia, Romanian Anastasia, and Kazakhstan Melissa from 2008, I can see it as an opportunity for the NRW clubs to improve their line ups. There were so many clubs with one or two top tier girls. To get a full day, you would have to go to multiple clubs a day. If the talent is concentrated in fewer clubs, it can make for easier logistics.

[Rocky V]

Cannot confirm this. But it is not unlikely. I called them a couple of days ago (GT). And there was not even a reasonable answer machine. In front of LR is everything rotten.

In the worst case, the owners could just sell all this stuff for $3-4 mill and call it a day.

I hope I am wrong. All speculation.

It is likely both clubs will be bought soon by other buyers. Prostitution licenses are not easy to get and that area is a very wealthy area of Germany. Let's wait and see, but I would be surprised if the two clubs are not snatched quickly by other investors. Fingers crossed!

[Rocky V]

Why would they sell their little gold mine generating lots of cash flow?

I mean, the 'plandemic' is almost over, everybody has been vaccinated, and it will soon be business as usual, right? / sarc.

It seems the sale has something to do with the death of the owner a few months ago.

[Sirioja]

Cannot confirm this. But it is not unlikely. I called them a couple of days ago (GT). And there was not even a reasonable answer machine. In front of LR is everything rotten.

In the worst case, the owners could just sell all this stuff for $3-4 mill and call it a day.

I hope I am wrong. All speculation.

Will be a bit difficult to sell LR as a brothel, when Kaarst administration don t want LR.