Evergreen Out of Business
RVTravel.com reporting they shut their doors. There are quite a few people on here who owned and loved them. Seems weird especially since the economy is doing pretty well.
Forum Discussion
3oaks wrote:You wouldn't exit an investment that wasn't performing the way you expected it to perform? Do you think it would have been better if those evil venture capitalists never invested in the first place and Evergreen never got started and therefore never had a chance to succeed? A business venture is always a series of risks and often time those risks turn into failures and some of those failures cannot be overcome.
Venture capitalists are in it for the quick buck. If they don't see X amount of profit in X amount of time, there "out of here".
That is exactly what happened to another very good quality travel trailer manufacturing company in PA, Sunline, after venture capitalists bought the company. Didn't get the profits they were anticipating, then closed the doors without warning. :(
As for closing up without warning, that is the only way to close down a business venture. If you give notice that you are closing all that will happen is any potential customer will run away so there is no reason to stay open, the employees will all jump ship meaning you won't be able to stay open, and you will run a big risk of having every asset of that company pilfered meaning your losses will be compounded.
