Then why do people sell houses on owner financing ?
Sent from my Verizon Wireless 4G LTE Smartphone
----- Reply message -----
From: "Justin Wilson" <[email protected]>
To: "WISPA General List" <[email protected]>
Subject: [WISPA] Selling ISP
Date: Wed, Mar 19, 2014 3:50 PM
Having been a part of a deal gone bad I recommend cash up front. Once you hand
over the keys it’s pretty hard to get it back. If you have to go to Litigation
you are going to be spending money out of pocket for attorneys. I agree with
Cameron. Cash at closing. If you don’t do 100% cash at closing you should be
prepared to not see another dime if you do anything else.
I know ISPs who sold, got some money at closing, and then ended up spending
twice that money on attorney fees and still ended up with nothing. Selling a
business should be like selling a high dollar item. If I was going to sell a
car I sure wouldn’t sell it on contract. Too many things can go wrong.
If I had 100% ownership in an ISP today and wanted to sell I would take a hit
on the overall price. If then user couldn’t afford it and I really needed to
sell for whatever reason I would simply take a lower price. Less stress that
way.
Justin
--Justin Wilson <[email protected]> MTCNA – CCNA – MTCRE – MTCWE - COMTRAIN
Aol & Yahoo IM: j2sw
http://www.mtin.net/blog – xISP News
http://www.zigwireless.com – High Speed Internet
Optionshttp://www.thebrotherswisp.com – The Brothers Wisp
From: "Hass, Douglas A." <[email protected]>
Reply-To: WISPA General List <[email protected]>
Date: Wednesday, March 19, 2014 at 3:08 PM
To: WISPA General List <[email protected]>
Subject: Re: [WISPA] Selling ISP
Cameron— There’s lots of ways to structure the deal so that you’re protected,
even if the buyer is a complete imbecile and even if the buyer doesn’t have
cash up front.
If you want to sell or if you want to buy, don’t let the all-cash restriction
prevent you from making a deal. If you end up in court chasing payments from
the buyer, then you likely didn’t draft your agreement carefully enough given
your tolerance for risk
(of course, your due diligence should be telling you whether the buyer is an
imbecile, and that information should inform what kind of deal you’re willing
to accept). To categorically reject buyers who don’t have 100% cash to hand you
at closing might mean leaving money on the table or more flexible terms from
someone who
can put together a more attractive end package. In that sense, it works like
selling real estate. The all-cash offer isn’t always your best one. To Randy’s
point--Jab has undergone a major shakeup at the top. Many of the senior
executive staff have departed in the last few months. That might account
for some of the quietness. I don’t have any inside information, just what I
learned trying to round up potential panelists and speakers for WISPAmerica.
Doug From: [email protected] [mailto:[email protected]]
On Behalf Of Cameron Crum
Sent: Wednesday, March 19, 2014 1:45 PM
To: WISPA General List
Subject: Re: [WISPA] Selling ISP The seller is not a bank. Why should they take
on all the risk? What happens if the buyer is a complete imbecile and runs the
network into the ground and defaults on payments? Now you are in court suing
for money you will most likely never
see, and even if you retake possession of the network, it may be in shambles or
most of your customers have left. We walked away from a couple of buyers who
would not pony up the cash. I'd say as one who sold a wisp, if the buyer can't
afford it, or can't
arrange their own financing, you don't want to sell. On Wed, Mar 19, 2014 at
1:39 PM, Mike Hammett <[email protected]> wrote:There's many more buyers
out there.
-----
Mike Hammett
Intelligent Computing Solutions
http://www.ics-il.com From: "Randy Cosby" <[email protected]>
To: "WISPA General List" <[email protected]>Sent: Wednesday, March 19, 2014
11:00:34 AM
Subject: Re: [WISPA] Selling ISP
Is anyone actually buying right now? I haven't heard much about the big buyer
(Jab) lately.
On 3/19/2014 9:49 AM, CBB - Jay Fuller wrote: The going rate, we've seen (and
has been discussed here many times), is about 1.5x annual revenue
Douglas
A.
Hass
Associate
312.786.6502
[email protected]
Franczek Radelet P.C.
Celebrating 20 Years | 1994-2014
300 South Wacker Drive
Suite 3400
Chicago, IL 60606
312.986.0300 - Main
312.986.9192 - Fax
www..franczek.com
Franczek Radelet is committed to sustainability - please consider the
environment before printing this email
Circular 230 Disclosure: Under requirements imposed by the Internal Revenue
Service, we inform you that, unless specifically stated otherwise, any federal
tax advice contained in this communication (including any attachments) is not
intended or written
to be used, and cannot be used, for the purposes of (i) avoiding penalties
under the Internal Revenue Code or (ii) promoting, marketing or recommending to
another party any transaction or tax-related matter herein.
For more information about Franczek Radelet P.C., please visit franczek.com..
The information contained in this e-mail message or any attachment may be
confidential and/or privileged, and is intended only for the use of the named
recipient. If you are not the
named recipient of this message, you are hereby notified that any
dissemination, distribution, or copying of this message or any attachment
thereto, is strictly prohibited. If you have received this message in error,
please contact the sender and delete all
copies.
----- Original Message -----
From:Eagle One WirelessTo:'WISPA General List'Sent: Wednesday, March 19, 2014
10:33 AMSubject: Re: [WISPA] Selling ISP We priced ours at 2.5x gross revenue.
We had about 10 companies contact us.
I would say 5 were serious but they wanted us to finance it so we decided
not to sell.
Thanks,
Kevin Melson
Eagle One Wireless
1505 Hwy 72 E
Corinth, MS 38834
662-287-1722
[email protected]
www.e1w.com
-----Original Message-----
From: [email protected] [mailto:[email protected]] On
Behalf Of Ryan Morgan
Sent: Wednesday, March 19, 2014 10:30 AM
To: [email protected]
Subject: [WISPA] Selling ISP
What is the current rate for selling your ISP! I would like to sell, for
health reasons.
Thanks for your help!
Jean
_______________________________________________
Wireless mailing list
[email protected]
http://lists.wispa.org/mailman/listinfo/wireless
-----
No virus found in this message.
Checked by AVG - www.avg.com
Version: 2014.0.4336 / Virus Database: 3722/7216 - Release Date: 03/19/14
-----
No virus found in this message.
Checked by AVG - www.avg.com
Version: 2014.0.4335 / Virus Database: 3722/7208 - Release Date: 03/17/14
_______________________________________________
Wireless mailing list
[email protected]
http://lists.wispa.org/mailman/listinfo/wireless
_______________________________________________Wireless mailing
[email protected]http://lists.wispa.org/mailman/listinfo/wireless -- Randy
Cosby InfoWest, Inc435-674-0165 x 2010---This e-mail message contains
information from InfoWest, Inc and is for the sole use of the intended
recipient(s) and may contain privileged, proprietary or confidential
information. Unauthorized use, distribution, review or disclosure is
prohibited. If you are not the intended recipient, please contact
[email protected] by reply email and destroy the original message, all
attachments and copies.
_______________________________________________
Wireless mailing list
[email protected]
http://lists.wispa.org/mailman/listinfo/wireless
_______________________________________________
Wireless mailing list
[email protected]
http://lists.wispa.org/mailman/listinfo/wireless
_______________________________________________
Wireless mailing list
[email protected]
http://lists.wispa.org/mailman/listinfo/wireless
_______________________________________________
Wireless mailing list
[email protected]
http://lists.wispa.org/mailman/listinfo/wireless
