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Leo Hamel Policy Letter

Rev1

Pricing of Items Memo’d in For Specific Customer

When we get in a specific “unusual” item for a specific customer (such as a Patek Philippe, a Polo, or colored stones, etc.) no minimum will be set as there are too many variables for any one policy to cover. The salesperson sells it for the price given by inventory, and takes 7% commission. There will be no over minimum and no under minimum on these items.

On items memo’d in that are regular everyday items we stock (like Rolex, diamonds, new watch lines we carry, etc.) regular pricing and regular minimums will be used.

Leo Hamel, Founder