Van der Merwe franchises his Huey
May 2005 Edition of Cape Business News.
Van der Merwe franchises his Huey.
Yes you're reading right. Gary van der Merwe, the controversial Cape Town aviator of the WIN Group which little more than two years ago left investors floundering, is at it again.
Except this time around he is not hawking shares in the WIN with the fantabulous claim that "all exit strategies present investors with the opportunity of realising an enormous potential capital gain" but is proffering franchises in a Huey with the come-on "Huge returns on your investment in this once of a lifetime opportunity, tried and tested formula".
If this is not enough there are other offers too, like "co-ownership or even outright purchase of a "once in a lifetime opportunity to own or participate in this legend of the sky". All of this according to his advertisement in a recent issue of the trademag Autotrader.
According to the ad various franchises are available with prices starting at R500 000, which includes 5% in the Huey.
This puts a value of R10 million on van der Merwe's Huey - quite a sum for a thirtysomething year old chopper.
Ed.