Thread: German FKK Clubs - Lounge and chat area
+
Add Report
Results 7,771 to 7,785 of 25015
-
09-08-20 13:56 #17245
Posts: 250Originally Posted by Bfsie [View Original Post]
-
09-08-20 13:21 #17244
Posts: 435Prostitution is allowed again in NRW with immediate effect. The Higher Administrative Court in NRW has temporarily suspended the prohibition of sexual services. As a result, sexual services inside and outside prostitution facilities are permitted again, and prostitution facilities may be reopened.
The decision is final.
https://www.anwalt.de/rechtstipps/nrw-prostitutionsstaetten-duerfen-wieder-oeffnen-sexuelle-dienstleistungen-sind-wieder-erlaubt_179785.html
-
09-08-20 05:12 #17243
Posts: 717Originally Posted by MrHo [View Original Post]
I was at GT during a raid a few years ago, and I could suddenly understand Germany's "history" a lot better.
If you have to do a job like checking IDs, then do it professionally, efficiently but also courteously, but the German police was obviously there with a politically correct agenda: and it showed! What a bunch of arrogant Muppet, especially considering how the German police failed miserably in 2015 when hundreds of women were raped in the centre of Cologne during the New Year's celebrations and the authorities and media tried to cover everything up.
-
09-08-20 01:37 #17242
Posts: 7321Originally Posted by Chongmal [View Original Post]
-
09-07-20 19:35 #17241
Posts: 970Originally Posted by MrHo [View Original Post]
-
09-07-20 17:31 #17240
Posts: 566What makes you think you only get CBJs in traditional brothels?
-
09-07-20 12:44 #17239
Posts: 2968Originally Posted by Samplerr [View Original Post]
I don't get some of you guys. The government is never your friend in this business. In some countries, it is the opponent, in other countries, particularly Germany, it is a somewhat disapproving but tolerant observer. When you introduce the concept of a publicly-traded company being involved, you introduce regulatory oversight and regulations that would be bizarre to try to apply.
You are simply better off, in my opinion, of having it run by the friendly "Sons of Anarchy" type motorcycle gang who can do questionable things like pay a finders fee to someone informing hot young Romanian women of the existence of FKKs than a system where doing that on official books and records might violate some law in some country, and get you fined. Prices would go up and some services would decline when you introduce the government and investors. Didn't prices go up, and some services at some places go down, a few years ago when the a German government introduced new laws? Regulatory agencies that govern public companies wouldn't "pass" new laws, they already have plenty of existing regulations that would be applied to FKKs that were never previously applicable.
-
09-07-20 12:35 #17238
Posts: 6420Airlines and FKKs
Originally Posted by PahllusMaximus [View Original Post]
-
09-07-20 09:31 #17237
Posts: 1385FKK club stock
Sorry to be the Debbie Downer for today, but this whole stock market idea seems like a pipe dream to me.
If you are thinking of a private partnership where some mongers pool their money and buy a club or a few clubs, fine that is doable. I am sure the idea of being owners and consumers of these fuck franchises is appealing. Who hasn't dreamt of it?
But if the idea is extended beyond a private partnership to listing on a real exchange, it is a non starter.
Companies go public for a few reasons. First, access to capital markets. Secondly, owners (investors) have transparent pricing of their asset and can enter and exit the position as they wish when they wish. The trade off is that there are real expenses to being listed. These expenses are a deterrent for smaller companies to get listed. There is a reason the neighborhood mom and pop pizza is not listed on the market but Dominoes or McDonald's are. An additional $250 K fee as an example for various audits, filing fee, meeting compliance requirements which have increased with Dodd Frank, would not be a problem for a company with annual revenue of $200 M but might be a problem for a smaller company with small profit margin.
Right off the bat, specifics are important. Some info which is needed but I do not know this info and reading these pages for a year or more now, I get the sense most members here also do not know. (A) who are the current owners of various clubs and are they willing to sell their clubs and if so at what price (b) what are the financials of these clubs, such as annual revenues, fixed and variable costs, profit margins, growth and maintenance capex, and how do they scale. For instance what would be revenue and margin for Sharks, for dolce Vita and for Bernds and if Sharks could grow revenues by say 20% how much would profit margin expand? . (C) are there synergies if owning more than one club and what would they be (d) what are the required licenses and how difficult is it to obtain a license? Assume for now that you are able to attract girls and customers for this part of the discussion.
I think it makes sense to restrict this discussion to Germany, as this becomes even more of a pipe dream in other countries where no fuck clubs exist even now.
Most stocks get listed on exchanges after they have been operating as businesses for a while, want to grow bigger, and need capital. That suggests that someone like Sharks or Oase or Artemis, sufficiently large, could approach the capital markets. The idea floated here, I. E a bunch of mongers owning the club as stock investors, well are you saying you will buy shares in this Sharks Inc? Or pool money into a shell entity and the shell acquires clubs? Or even perhaps build new clubs?
Building new clubs is a terrible idea. First there is already overcapacity. Too many clubs. Many members said on these pages that barring a few top clubs, many Clubs seem relatively empty with not much profits for most of the year. A group of monger guys who have zero experience in prior operation of any club should not be building a new club, thus adding to the overcapacity and diluting business for all.
Assume you pool your money and begin a shell company, each participant gets some shares, and you acquire a well established club, hopefully at a reasonable price. Assume for the moment, Sharks or Oase or some other club owner sells their club willingly. So far, all the capital is yours. Now, if you want to list this in Frankfurt or some other exchange, DB or Commerzbank or any other reputed bank is absolutely not willing to underwrite this business. No one take you to IPO. If you dispute this assertion, you have zero experience with culture And DNA of any investment bank, I can tell you. Perhaps you can get some other zombie shell company which is listed on some pink sheets somewhere to do a reverse merger with you and you can get thus listed in a backdoor manner. But even if you do so, what is the point?! Who will be the new investors? No institutional investor would ever step in. Not one. May be some other retail, monger investors will step in. May be. It will still be you and your small pool for the most part. For that, why did you even bother going to public listing? You could have stayed private. As I said, being listed carries real expenses.
My guess is, even the largest club, say Sharks, doesn't have annual profit exceeding $10 M. Profits, not revenues mind you. That is my guess. If you have better info, please do share. For a smut business with uncertain visibility and sustainability, it will not attract any meaningful multiple. I. e. The market cap will not exceed $30 M to $50 M.
In the last 20 years, the number of stocks in developed countries have declined materially. Wiltshire 5000 index at one point did have 5000 stocks but now has around 3500. The total number of stocks in US exchanges was in the range of 7500 and now less than 4000. Companies merged, stocks taken private, MBO and LBO, and so on. Expenses, regulatory issues were a key driving force in this reduction.
As far as I know only a couple of smut stocks have ever been listed on US exchanges. Playboy did trade for more than 30 years but eventually it too went private. It NEVER Once exceeded $300 M in revenue, and no not because of internet killing publications. Even before there was a thing called internet, playboy never exceeded $300 M revenue and its market cap never exceeded a few hundred million. When it was taken private, that was just above $100 M I think. New frontier media, which owned Ten network and also Owned Penthouse if I remember correctly, never exceeded $50 M revenue and was a small micro cap. It too is no longer listed.
In short, there is a real advantage to having more than one stock in a given space. Unless you have more than one FKK stock listed, the one single stock will languish even more.
Of late, SpAcs have become somewhat hot. A lot of EV stocks went public through spacs. But even a Spac is not a panacea for a FKK listing. The spac sponsor, after having raised the money and then disclosing he intends to purchase an FKK will have a revolt on his hand. There are clauses which enable investors to pull out and the spac sponsor's reputation is ruined.
As I said, institutional investors will have zero interest. Imagine you are a bright 29 year old MBA or CFA. Will you pitch to your PM "let us buy Sharks stock, it has strong growth potential because next year the number of monger fuckers will increase by x percent, door entry price increase 10 Euros, club will issue fewer discount cards, club can reduce costs by cutting Air conditioning expense by making the fish tank room even hotter, and providing even shittier food and capex is coming down because they will put off the repairs on sauna for another year".
When Playboy and New frontier were listed, ESG was not a big deal. Now every fund manager is hot on eSG. I can politely tell you ESG is not exactly compatible with fuck clubs. 20 years ago, there were fewer women in fund management business, now there are many.
So it all comes down again, who will be the new investors beyond your little core group? If you cannot expand the number of investors beyond a private pool, there is no advantage to being publicly listed, but plenty of downside due to scrutiny and added expenses.
Stocks, by their very nature, demand growth. As far as I know, these clubs are not growing that much. If anything, they seem to be flattish or even declining. The only scenario in which it works is if a big club gets listed, say Sharks or Oase, has better access to capital, raises some new money and with that it goes shopping for other clubs and consolidates as many clubs as possible. That is what happens in a stagnant market. If revenues are not growing, you increase profits by cutting costs. This is what I referred above by "synergies if multiple clubs are owned by a single owner and how much are the synergies". But if Sharks comes calling, will Oase, World and Dietz sell? Will authorities allow it? Will customers like it? Will girls like it?
Sorry, this idea is DOA. Dead on arrival. My 2 cents.
-
09-07-20 08:36 #17236
Posts: 22248Originally Posted by PayForIt [View Original Post]
-
09-07-20 08:18 #17235
Posts: 7321Originally Posted by Samplerr [View Original Post]
-
09-07-20 08:16 #17234
Posts: 479Originally Posted by Mongerer88 [View Original Post]
-
09-07-20 07:58 #17233
Posts: 7321Originally Posted by PahllusMaximus [View Original Post]
It is curious industry, but I do think there are a lot of their own rule in this industry which do not welcome new comer LOL As an example, there was a big plan and actual construction for new big FKK near Potsdam in Berlin, construction stopped half way and now plan is long gone, why? I can only guess for my own misery as it would be ideal to have second big FKK in Berlin LOL!
-
09-07-20 05:30 #17232
Posts: 410PahllusMaximus, sir, I read each and every post of yours word to word, and it gives me the experience of a short-term teleportation to a mysterious magical world inhibited by a better evolved civilization. I thank you for that. If a marriage certificate could expire in 30 minutes we might solved all sorts of legality issues with prostitution. Quantitatively, what is the difference between quick fuck with a woman in a private room or being married to her at a conjoined housing for 30 years? All multiplied by time spent together plus minus minor adjustments. Second grade math. Satisfy moral beliefs of puritanistic society by accepting a girl writing down her name at a publically traded FKK to be an official signage of a dinky marriage certification. Sworn by a theke, witnessed by video surveillance and the next couple waiting for a key at the reception.
-
09-07-20 05:04 #17231
Posts: 2968Originally Posted by PahllusMaximus [View Original Post]
A saving grace of FKKs, as opposed to more traditional German brothels, including Paradise, has been the fact that being a regular, or doing a tip, still gets Johns a BBBJ in spite of the CBJ law. Of course escorts will do what they choose in their private incall or in the customer's hotel room. And the supposedly sleazy current management of the FKKs, including some reported motorcycle club-type folks, will look the other way regarding BBBJs. I am doubtful that will happen in your REIT / Operating Company structure even if the shareholders own the REIT. The landlord still has an obligation to make sure no crimes occur on the property. So better nix those reviews regarding BBBJ, which will of course hurt marketing. The older a guy gets, the more important that a BBBJ is for an erection, and the older guys have the money. That older guy is just going to get a Sugar Baby instead of shelling out the money for a Europe trip if he knows he is going to get stuck with a CBJ at your publicly-traded FKK.