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    Thread: Putting a Pin on Site

    1. #1
      balls's Avatar
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      Putting a Pin on Site

      Hi all,

      I've been asked by a local who is opening an arcade to put some of my pins there onsite.
      I am wondering if anyone can add some info about this.

      I would like to, but fear that a few months down the track the doors might close and can't get my pins back.

      I'm just wondering what the usual procedure would be if any?

      Obviously sign something.

      Any input is appreciated.

      Balls

    2. #2
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      I'd be tasking plenty of pictures of your machines, serial numbers etc and make sure you get a decent cut of the profits.

    3. #3
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      Three words that you need to consider.

      public Liability Insurance.

      dont do that, then you put everything you own at risk.
      sadly things arent as easy as they used tobe with this sort of stuff. allot of red tape and legal BS you need to consider.

      I have public Liability to cover a Simple A frame that sits out the front of my shop, just incase some idiot runs into it and hurts them selves. thats how bad it is
      My restorations page www.oliviaspennyarcade.com

    4. #4
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      Quote Originally Posted by balls View Post
      Hi all,

      I've been asked by a local who is opening an arcade to put some of my pins there onsite.
      I am wondering if anyone can add some info about this.

      I would like to, but fear that a few months down the track the doors might close and can't get my pins back.

      I'm just wondering what the usual procedure would be if any?

      Obviously sign something.

      Any input is appreciated.

      Balls

      i would go the in's and out's on how it all runs but a while ago i started a thread on it
      long story short i had to buy the machines back - your agreement with the owner means jack at the end on the day

      the only thing that matters is that the owner is honest enough to tell you he's going under so you can get the machines out
      but some don't and that's how the problems start.

      heres the link - i hope it helps you understand it more.. good luck
      https://www.aussiearcade.com/showthr...highlight=ppsr



      PPSR Personal Property Securities Register link https://www.ppsr.gov.au

    5. #5
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      Quote Originally Posted by Lou View Post
      i would go the in's and out's on how it all runs but a while ago i started a thread on it
      long story short i had to buy the machines back - your agreement with the owner means jack at the end on the day

      the only thing that matters is that the owner is honest enough to tell you he's going under so you can get the machines out
      but some don't and that's how the problems start.

      heres the link - i hope it helps you understand it more.. good luck
      https://www.aussiearcade.com/showthr...highlight=ppsr



      PPSR Personal Property Securities Register link https://www.ppsr.gov.au
      so you didnt insure your machine?
      My restorations page www.oliviaspennyarcade.com

    6. #6
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      Quote Originally Posted by jason1 View Post
      Three words that you need to consider.

      public Liability Insurance.
      very grey area. public Liability is on the building/premises and not on a single item - if that was the case every chair/table would need separate cover
      if you are hiring outdoors in a public place that's a different story

      - - - Updated - - -

      Quote Originally Posted by jason1 View Post
      so you didnt insure your machine?
      only on theft or fire - no insurance covers liquidator lol

    7. #7
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      Quote Originally Posted by Lou View Post
      very grey area. public Liability is on the building/premises and not on a single item - if that was the case every chair/table would need separate cover
      if you are hiring outdoors in a public place that's a different story
      I had a dvd vending machine a few years ago it had public liability, theft, damages, and also if it caught fire and burnt the IGA it was kept at down I wouldnt loose everything I own

      dont under estimate how important the insurance side of all this is these days.
      My restorations page www.oliviaspennyarcade.com

    8. #8
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      Quote Originally Posted by jason1 View Post
      I had a dvd vending machine a few years ago it had public liability, theft, damages, and also if it caught fire and burnt the IGA it was kept at down I wouldnt loose everything I own
      in 20 years of operating 100s and 100s of sits i never had that problem until the liquidator got greedy and PPSR came in to play
      a lot has to do with the business owner claiming everybody else owned everything bar him when he goes under

    9. #9
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      Quote Originally Posted by Lou View Post
      in 20 years of operating 100s and 100s of sits i never had that problem until the liquidator got greedy and PPSR came in to play
      a lot has to do with the business owner claiming everybody else owned everything bar him when he goes under
      yup sadly it only takes one incident, its a very hard case for a liquidator to claim that machine as his when you have insurance papers to back it up as yours.

      If you get a fire from your machine and burn and entire building down, I very much doubt the sites insurance will bail you out, Im sure their lawyer would make sure of that. Always been something Ive had concerns with when siting any thing on some one else's premises

      shame that is how it is these days, and Im not sure how worth it is to run the gauntlet
      But in fairness if some ones machine burnt down My business, I would be going after them, well my insurance company would

      and not only that, if the establishment burnt down, or flooded and was destroyed and was not your machines fault, It would be hard to say if the business that is siting it would pay for your replacement, or what insurance if any they have
      A new machine is $12k these days

      business has a stupid amount of red tape, big and small
      Last edited by jason1; 1 Week Ago at 07:21 PM.
      My restorations page www.oliviaspennyarcade.com

    10. #10
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      There is a lot of very intelligent information written in response to balls question, from some very experienced people. I hope everyone undertaking this venture would consider.

      All I can offer you on top of this mate after 20 years of running my own businesses is if it doesn't feel right DON'T do it. Every situation is different, nothing ventured nothing gained.


      Sent from my iPhone using Aussie Arcade

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