Afterglow Lighting was started in 1998 with the purchase of four Used Intellabeam 700HX fixtures and a I/Beam LCD Controller from Don Turner. When I say that I purchased them from Don I mean that I sat down with him and he told me to draw up a payment schedule and he'd approve it. The next day I drafted the agreement saying that I would pay $2000 up front, and $500/month. Total purchase cost was approximately $5300 for the package, and it was paid on schedule.
Intellabeams were available in the used market because of the introduction of the Technobeam by High End. Since used gear was the only thing I could possibly afford, the tried and true Intallabeam was the ideal moving light for me. I started off doing club work for the Maryland based Pink Floyd tribute band Several Species. After a few shows in the Recher Theatre I started doing corporate work and parties. Other equipment was added to inventory as the cash flow allowed and for many years all income was 100% reinvested. (I had a fulltime day job at the time)
In the year 2000 the *new* Hammerjacks night club was buying used gear to outfit its reincarnation. I sold my four Intellabeams after 2+ years of steady work through the lighting company doing most of the sales for the club. If I recall correctly I got $800/fixture which wasn't much depreciation for 2+ years. My four I/Beams went several others to Hammerjacks for it's short lived existence. From what I understand, Cancun Cantina purchased all of the Hammerjack's Intellabeams at auction, and now they sit a warehouse at Cancun Cantina.
For the first time in the company history I sold perfectly good moving lights to turn around and pay more than double for the new version of the same thing. In September of 2000 I responded to market demand and sold off my Intellabeams to purchase new Technobeam Iris fixtures. My timing was pretty good because I skipped the first version that didn't include an iris.
Just under ten years later it's time to sell the ever reliable Technobeams. We only built up an inventory of six units due to the popularity of moving head fixtures, but they have been a pleasure to own. I listed the Technobeams (and some hard working Trackspots) this morning on GearSource.com with a sense of nostalgia. I'll be sad to see them go because they work great and have always been reliable, but for what we do now it's not the right fit. So we'll sell the Technobeams for under $1300 then invest the money into more Martin Mac 700 Profiles at over $7800 each.
I'll refine the sales plan to "Sell Technobeams and buy CASES for Mac 700s"
Saturday, February 13, 2010
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