Remove? Why not sell them to a tower company?
On 7/16/19 12:44 PM, CBB - Jay Fuller wrote:
1) if he doesn't have the money you're not going to get it.
2) i've been thinking about this a lot lately too. everyone who only
values based on annual revenue (as i used to do and have made several
purchases based on that) is probably not taking into account owned
vertical real estate. a lot of times smaller wisps are only renting
water tanks or someone else's tower but as you get bigger you tend to
build. i think we must own at least 15 towers...i'm not sure. we don't
own the land (we own SOME of the land) but we do own the towers.
if you're shutting down, there is money involved in REMOVING those towers.
----- Original Message -----
*From:* TJ Trout <mailto:t...@voltbb.com>
*To:* AnimalFarm Microwave Users Group <mailto:af@af.afmug.com>
*Sent:* Tuesday, July 16, 2019 3:59 AM
*Subject:* [AFMUG] Wisp value
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
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