+1000 Sent from my iPhone
> On Jul 16, 2019, at 6:54 AM, Darin Steffl <[email protected]> wrote: > > I've been bit in the ass everytime I tried to do something nice for someone. > Start acting more like a businessman and your life will become easier and > you'll feel better being paid for your time and services. > > If I were you, I'd give him a couple days grace period to pay the past due. > If he doesn't, shut him off then start overbuilding his network and take his > customers. > > If his network isn't something you're proud of, why buy a subpar company? > Build something new up to your standards. > > He'll learn a valuable life lesson after all this. Don't cheat on your > spouse, pay your bills, and don't take help from someone for granted. > >> On Tue, Jul 16, 2019, 6:08 AM Ken Hohhof <[email protected]> wrote: >> Are you asking about a price on the assumption you would be the buyer, or >> the competitor? Ideally a value would be based on EBIDTA not revenue. >> Lacking that information, maybe somewhere between 6 and 12 months revenue. >> Probably seller financing, something along the lines of he gets 75% of >> revenue and you get 25% for the first year, then you own it. But it sounds >> like he owes you a bunch of money. And you really don’t want it. If you >> don’t want it, it’s worth zero. Also you want to buy the assets not the >> company, structure it so that you don’t get hit with debts and other >> liabilities. And remember to factor in prepays, if he is short of operating >> capital, he may be getting a lot of customers to pay yearly, in which case >> on average you provide service for 6 months but he already got the revenue. >> >> >> >> I think the idea behind paying some multiple of yearly revenue is that >> you’re acquiring customers, in which case it has to be weighed against the >> cost of acquiring a customer through other means, like advertising or >> promos. Which brings up the question, do your networks overlap? If he >> fails, do the customers come to you anyway? Do you and the competitor split >> them? If you will get the customers anyway, why pay him for them? >> >> >> >> From the information you provided, it seems unlikely you’ll ever see the >> money owed you. He probably realizes this. Maybe he hopes to sell to the >> competitor to get cash to pay his debt to you, that’s probably wishful >> thinking. Or he sells to you and after accounting for what he owes you he >> gets very little. >> >> >> >> There is a saying don’t throw good money after bad. Ask yourself what is >> the probability you will ever see any of the money he owes you. If the >> chances are slim to none, you need to move forward on that basis. Maybe >> that means cut the cord and let him fail. If you realistically think he can >> repay you, which scenario makes that more likely, you buying or the >> competitor buying? It would really suck if he sold to the competitor and >> still didn’t pay you what he owes. But if you buy him out, that probably >> means you’re taking what he owes out of the sales price, and he may not get >> much cash out of the deal. >> >> >> >> >> >> From: AF <[email protected]> On Behalf Of TJ Trout >> Sent: Tuesday, July 16, 2019 4:03 AM >> To: AnimalFarm Microwave Users Group <[email protected]> >> Subject: Re: [AFMUG] Wisp value >> >> >> >> Jeez my cell phone keyboard is terrible! >> >> >> >> On Tue, Jul 16, 2019, 1:59 AM TJ Trout <[email protected]> wrote: >> >> I've been mentoring a friend of mine, he's young and rather ambitious. He >> started out his 'wisp' using a residential cable connection, I've helped him >> for basically free for the last three years grow his base to 250 customers, >> he just last week acquired a failing wisp with 65 subs on a no money down, >> pay us a commission basis. I've been managing most of his core network and >> providing him IPv4 and transit for a steal of a price, I even loaned him a >> substantial amount of cash recently to buy a bunch of surplus equipment. >> Well anyway I guess he got caught with another women and his wife is >> demanding he shut down or sell the wisp for whatever reason, he called and >> put this all on my plate today. >> >> >> >> Instead of offering to sell me the company (I don't really want it) he >> tellse that he's going to try selling to a local competitor whom I consider >> slightly a better personal than a child molester. >> >> >> >> So anyway I'll try to stop rambling, what's a wisp Worth these days? Gross >> revenue for a year is what I figure (max) with his all used ubnt equipment? >> >> >> >> The other dilemma is that he's about 3 months behind on his transit and his >> note is due for repayment Monday ~$15k total. >> >> >> >> I need a way to ensure I get paid current and I don't let him get behind >> during the 'sale'. I was thinking to quit being the nice guy and demand the >> past due balance + the note in full + 3 months transit in advance so I don't >> get screwed during the sale process if he gets behind again. I don't know if >> he can even come up with the money and my only leverage is to turn his port >> down... I have a strange feeling he may try to stall me as long as possible >> until the competition can thing in transit and run off without paying the >> bill.... >> >> >> >> >> >> Sorry for he rant, just sick of helping people because every time I do I end >> up regretting it. >> >> >> >> TJ >> >> -- >> AF mailing list >> [email protected] >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com
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