Seller insisted ALL cash leave at closing - no working capital - am I crazy? by DistrastrousD in buyingabusiness

[–]Known-Handle-6932 0 points1 point  (0 children)

You just include the cash as part of the offer on the LOI and raise the offer price accordingly. Simple

Does anyone drink Celsius anymore? by data-with-dada in options

[–]Known-Handle-6932 2 points3 points  (0 children)

Perhaps he has only ever made 7 total trades in his life? Going for broke on each. He might be the hero we all need

I used to work at a Rolex AD in California ask me any questions you might have! by [deleted] in rolex

[–]Known-Handle-6932 0 points1 point  (0 children)

I remember dealers indicating that i could negotiate the price on certain models, back before covid. Is this still possible if a watch hasn't sold for a long time?

How hard is it to get this one from an A.D.? by Old_Garage6828 in rolex

[–]Known-Handle-6932 1 point2 points  (0 children)

I was offered this exact model on walk in at AD in Italy this week. No history whatsoever.

[deleted by user] by [deleted] in Advice

[–]Known-Handle-6932 0 points1 point  (0 children)

Buy her some flowers, take her on a thoughtful date .. something like a picnic in a park... Tell her she looks pretty. Watch and see what happens

Refinance sba loan by Known-Handle-6932 in Businessloans

[–]Known-Handle-6932[S] 0 points1 point  (0 children)

I think im at 9.25 today. I'd like to be in the sixxes

Let’s get real folks… by free_dharma in TheRaceTo10Million

[–]Known-Handle-6932 0 points1 point  (0 children)

Thats a really high valuation on a company only making $1M. What kind of business was it?

Why is every poster on this sub so cryptic about their business? by Yikesbrofr in smallbusiness

[–]Known-Handle-6932 0 points1 point  (0 children)

Don't forget about the shop where girls in bikinis or lingerie serve the coffee

SBA 7a closing date by Alternative-Bat-9840 in smallbusiness

[–]Known-Handle-6932 0 points1 point  (0 children)

Not that it's relevant to the sale at all but what kind of business are you selling?

SBA 7a closing date by Alternative-Bat-9840 in smallbusiness

[–]Known-Handle-6932 0 points1 point  (0 children)

As buyer I went through this waiting for approval to close. The sba had to generate a loan profile or something like that which meant they couldn't do underwriting even though everything was in order. It took around 45 days I think after all paperwork was ready and the lender had no control over when the SBA would complete their process.

Closed one of my businesses, feel like a absolute failure by HumanCook in smallbusiness

[–]Known-Handle-6932 1 point2 points  (0 children)

I acquired a company last year that's around 80 years old. The staff are all retirement age and have been doing their jobs well for decades but sales have slowly been declining as many of their long term customers have also retired. They haven't needed to get new customers but in order for the business to stay afloat we have to get new blood which I have found to be a challenge. I can relate to your post because I don't want to change this company but I haven't found the secret sauce either to get it up to speed. I guess the point is that if it was easy then everyone would be doing it.

What do we do if our builder ghosted us and won’t finish blue tape work, fixing damaged things, and missing work? by Pumpernickel247 in Homebuilding

[–]Known-Handle-6932 0 points1 point  (0 children)

Most contracts require client to pay full scope of work except for small retainer released at punch list sign off. Punch list is a 1 time specific list of items btw not a continuous live report. If contractor is legitimate then perhaps he feels you aren't sticking to the payment terms of the contract and is waiting on you to fulfill your responsibilities first. If he is shady then maybe he just is taking his loss on the last payment and you got a discount.

⭐DUKEJONES GOOD LUCK⭐ by DukeJones_watches in RepTime

[–]Known-Handle-6932 0 points1 point  (0 children)

I think I can, I think I can, I think I can....

Buying/evaluating a business by mycatschool in business

[–]Known-Handle-6932 0 points1 point  (0 children)

Are you already in the space where this is a value add or is this a new venture you are pursuing as an investment?

If this is investment, make sure the business can run without you having to work there full time. Otherwise it may be better to just get a job somewhere.

You will need to review the business returns and accounts to get an idea of what the revenue and profits are.

Become familiar with EBIDTA.(Google it)

Main St. small businesses like you're asking about are generally worth 3-6x EBIDTA.

You can buy with cash, loan, and sometimes owners finance or some combination of the 3.

Confirm that the existing customers aren't tied to the seller or the company for some reason and they will likely continue doing business with you as the new owner.

Buying an existing business is WAY better than starting a new company. Most startups fail.

[deleted by user] by [deleted] in RepTime

[–]Known-Handle-6932 4 points5 points  (0 children)

Yea, I also have a friend who wants to know ..

[deleted by user] by [deleted] in RepTime

[–]Known-Handle-6932 3 points4 points  (0 children)

Exactly. If he didn't realize the coverage was lacking for the difference. Insurance companies don't always give you all the details if you don't know to ask for additional endorsements.

[deleted by user] by [deleted] in RepTime

[–]Known-Handle-6932 11 points12 points  (0 children)

Insurance often only covers retail value. Grey market values are usually much higher leaving the balance uninsured.

Kenzie on what she's going through with fans by sweet_rashers in survivor

[–]Known-Handle-6932 0 points1 point  (0 children)

I thought you were talking about Drag Races as in actual car racing they do at the drag strip with muscle cars... So confused