Do you think you could raffle a business?

minerva
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  • Do you think you could raffle a business?

    I know people have done it with houses - set a price per ticket and unless a minimum number of tickets sell then there's no raffle (and everyone getts their money back).  Could you do it without a business?  Or do I need to give it away free with a packet of crisps or something?

    L
    xx

    Currently reading ; Child 44 by Tom Rob Smith

  • Re: Do you think you could raffle a business?

    • minerva
    • Not Ranked
    • Joined on 17-Feb-2004
    • United Kingdom
    • Posts 685

    Well it might be possible but in practice it would be a total nightmare. For instance:

    - you can't just raffle it unless money goes to charity - you'd need it to be a skill competition - see Gambling Commission's website

    - with a house legally completing the win is pretty straight forward as you pretty much just register new owner at the Land Registry but with a business there are all manner of complications particularly if this is not run via a separate company.

  • Re: Do you think you could raffle a business?

    Yes, you're right, it would be a faff.  I just need to only have one business <head explodes>

    L
    xx

    Currently reading ; Child 44 by Tom Rob Smith

  • Re: Do you think you could raffle a business?

    • Jacko
    • Not Ranked
    • Joined on 02-Nov-2003
    • United Kingdom
    • Posts 114

    Hi

    Assuming you were serious (and I am thinking it was more a OMG I need to get rid of a busisness!!!) then it is possible,.  A local restaurant is doing this very thing.  They have a website (which I don't know) but if you Google 'Arbour Lights' 'Walsall' then you should be able to find it.  (<lazycowicon> cos if I was really helpful I woudl have done it and posted the website as well).

    <dodges flying pillow for daring to unlurk>

    T

  • Re: Do you think you could raffle a business?

    • Tanta
    • Not Ranked
    • Joined on 01-Jan-2007
    • United Kingdom
    • Posts 395

    Someone is raffleing Madame Clarke's coffee shop in Wolverhampton. £15 a ticket - to be refunded if not enough sold. (May be it is a West Midland thing)  They want to concentrate on their coffee shop in Telford. I wonder if it is a publicity stunt!

  • Re: Do you think you could raffle a business?

    Did you see this?

     

    http://news.bbc.co.uk/1/hi/wales/south_west/7930248.stm

  • Re: Do you think you could raffle a business?

    That is all very interesting, thanks

    L
    xx

    Currently reading ; Child 44 by Tom Rob Smith

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