HOG QLD Gone?

**990B Luva** · 4th June 2004 07:38 PM

anyone hear/read the rumors that HOG in QLD have gone bankrupt? http://www.iseekgolf.com/forum/viewtopic.php?t=7136

**nick** · 4th June 2004 07:43 PM

I actually work for House of Golf and have heard rumours that House of Golf is closing down, etc and it is not true, we have had no word whatsoever that HOG has gone bankrupt (in QLD and NSW), as far as we know, everything is fine.

Nick

**terryand** · 4th June 2004 08:01 PM

From what I heard the franchiser has gone.

The name not the stores cause they'd be seperate owners.

Terry.

**nick** · 4th June 2004 08:12 PM

No, no, no.

What happened was that it was formely Big John's House of Golf, but Big John is gone so it is now just The House of Golf.

Nick

**ben** · 4th June 2004 08:16 PM

HOG QLD is under administration. this happened about 2 weeks ago I believe. All the francise stores are owned by the same person in QLD and the company that owns them is under administration.

I know of at least one supplier who is owed about 100k

**Jarro** · 5th June 2004 10:06 AM

does this mean we can expect some bargains to pop up in these stores soon

**nick** · 5th June 2004 06:36 PM

There's always a bargain at House of Golf, "We'll do you a deal"LOL

Nick

**Golfgirl** · 6th June 2004 10:46 AM

well, there you go - I heard this story from a supplier two/three weeks back... and didn't think there was anything in it. Geez, sometimes these guys actually do know what they are talking about.... who would have guessed...

**nick** · 6th June 2004 04:50 PM

I discovered the truth today guys.

Vardon (who HOG buys all its clubs off, they don't go through the manufactorer) has gone bankrupt, they owe money to many brands, a lot to Taylormade, but HOG is fine.

Nick

**Fishman Dan** · 8th June 2004 01:57 PM

Originally Posted by nickthejunior

I actually work for House of Golf and have heard rumours that House of Golf is closing down, etc and it is not true, we have had no word whatsoever that HOG has gone bankrupt (in QLD and NSW), as far as we know, everything is fine.

Nick

Nick, which store??

**Fishman Dan** · 8th June 2004 02:05 PM

Update from a HoG owner;

One of the directors of HoG is apparently is some trouble, but this doesn't directly affect HoG stores, and he doesn't own all of the QLD stores outright. What it means though it that stores have to re-finance, find new backing/guarrantor etc.

The owner of the Parra HoG is selling the franchise for a few reasons, largely because of a better offer in a warmer climate and being 'over' Sydney - know the feeling. But after chatting about the state of the nation, you might tend to wonder what else is at play.

His nearest competitors have large parking areas (Drummond @ Northmead, Golf Mart @ Lidcombe) and massive stores, so while he's still making money it's time to move on. I expect that the franchise will remain in Parramatta though with the new owners.

So don't expect massive liquidation sales or panic fire sales in the near future, but i don't think they're out of the woods yet. I get the feeling sometimes that this particular store owner is a member of these online forums, just have to wonder who it is....

**nick** · 8th June 2004 05:56 PM

Originally Posted by Fishman Dan

Originally Posted by nickthejunior

I actually work for House of Golf and have heard rumours that House of Golf is closing down, etc and it is not true, we have had no word whatsoever that HOG has gone bankrupt (in QLD and NSW), as far as we know, everything is fine.

Nick

Nick, which store??

Narrabeen House of Golf.

Nick

**jaster** · 8th June 2004 06:03 PM

Originally Posted by nickthejunior

Originally Posted by Fishman Dan

Originally Posted by nickthejunior

I actually work for House of Golf and have heard rumours that House of Golf is closing down, etc and it is not true, we have had no word whatsoever that HOG has gone bankrupt (in QLD and NSW), as far as we know, everything is fine.

Nick

Nick, which store??

Narrabeen House of Golf.

Nick

Hey Nick,

How come HOGMART isn't working at the moment?

http://www.houseofgolf.com.au/

**nick** · 8th June 2004 06:05 PM

It's really outdated, I think their updating it

Nick

**jaster** · 8th June 2004 06:22 PM

Originally Posted by nickthejunior

It's really outdated, I think their updating it

Nick

What if I want to find out if a putter is available still?

**ben** · 8th June 2004 07:12 PM

I heard yesterday that this will effect every store and that a HEAP of cash is owned (a couple of million). I now don't know what to believe as the stories all seem mixed up. Most of what I hear is from industry people who are owed money

**Jarro** · 8th June 2004 07:23 PM

looks like we'll just have to wait and see how this all pans out

sounds like a bit of a mess to me

**Fishman Dan** · 8th June 2004 11:38 PM

To expand a little further - and this is completely heresay, but one of the ex-owners is 'part of the problem'.

The guy that sold me my clubs (and subsequently presented me with the set I won) sold his store some time ago and still has his own store elsewhere. Something went stinky somewhere along the lines, and it sounds like there is/was a court case, and as a result he is owed money.

My guess? He was promised minimal expansion/territory rights and that was breached, and he's taken them to the cleaners.

That's my read - and no one elses in case this becomes some sort of crude 'Chinese Whispers'.

**nick** · 9th June 2004 06:23 PM

Originally Posted by jaster

Originally Posted by nickthejunior

It's really outdated, I think their updating it

Nick

What if I want to find out if a putter is available still?

I'd say call up the phone number of the shop (if you know which one) or contact the guy who runs HOGMART through email.

Nick

**nick** · 9th June 2004 06:24 PM

Originally Posted by Fishman Dan

To expand a little further - and this is completely heresay, but one of the ex-owners is 'part of the problem'.

The guy that sold me my clubs (and subsequently presented me with the set I won) sold his store some time ago and still has his own store elsewhere. Something went stinky somewhere along the lines, and it sounds like there is/was a court case, and as a result he is owed money.

My guess? He was promised minimal expansion/territory rights and that was breached, and he's taken them to the cleaners.

That's my read - and no one elses in case this becomes some sort of crude 'Chinese Whispers'.

Which HOG was it?

**nick** · 16th June 2004 07:24 PM

What I found out:

HOG NSW is considoring joining with HOG Queensland (who are doing great), HOG NSW is currently joined with HOG QLD.

It was actually the company that HOG buys all its stock off that was the problem, that company being Vardon, they are bankrupt and owe a lot of money, including to HOG NSW.

I'll keep you posted with anything else I hear.

Nick

**ben** · 16th June 2004 09:55 PM

http://www.search.asic.gov.au/cgi-bi...=ACN&srchsrc=1

**gazgolf1** · 20th June 2004 03:50 PM

Dropped into HOG in Edward st Brisbane last week and the shop has been cut in half.

The other half is a 7 eleven.
What used to be a pretty spacious and cool store is now a "don't bother".
Put it this way I hope they don't own a cat.

**Fishman Dan** · 20th June 2004 05:05 PM

Originally Posted by ben

http://www.search.asic.gov.au/cgi-bin/gns030c?acn=006_520_770&juris=9&hdtext=ACN&srchsrc =1

Ben,

This tells me that Vardon appointed an administrator, and a week later that administrator was removed/resigned from the job?

Either it's not as bad as we're led to believe, or it's much much worse

What's your read?

**AndyP** · 20th June 2004 05:40 PM

Originally Posted by gazgolf1

The other half is a 7 eleven.

Good! We need another 711 in the Brisbane City.

Didn't Golf World close down in the city within the last year as well?

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