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Do you think you could raffle a business?

Headless Lois, 19 March, 2009 at 17:26 Posted on Off Topic Posts 0 5

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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

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Latest activity by Headless Lois, 20 March, 2009 at 17:51

Beginner January 2007
minerva · 19 March, 2009 at 17:43
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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.
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Headless Lois · 19 March, 2009 at 17:48
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Yes, you're right, it would be a faff. I just need to only have one business <head explodes>

L
xx
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Beginner April 2005
Jacko · 19 March, 2009 at 20:33
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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
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Tanta · 19 March, 2009 at 21:34
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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!
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flissy666 · 19 March, 2009 at 22:57
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Did you see this?

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