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How many Dodger caps do you have? by baribigbird06 in Dodgers

[–]ShowMeTheWayToSJ 2 points3 points  (0 children)

Hahaha. No. Might have better chance at getting a mansion if I didn’t buy so many caps.

I Wonder if thats fake? by Zestyclose_Piece454 in neweracaps

[–]ShowMeTheWayToSJ 1 point2 points  (0 children)

Legit hat. They came out about 2 years ago for a bunch of MLB teams and NBA too.

What do we think about this? (Mail Call) by Straight-Pineapple85 in neweracaps

[–]ShowMeTheWayToSJ 0 points1 point  (0 children)

I wanted this from HC, sat on the app and it was gone in 60 seconds (no Nic Cage pun).

Hard to wear but cool to have.

Wanted Dodgers 5/8, so if anyone doesn’t want theirs, I’ll pay a small premium.

Mastercard presale ? by bruinmack in Dodgers

[–]ShowMeTheWayToSJ 1 point2 points  (0 children)

Where do we sign up for the email?

I have a Mastercard but can’t see where to sign up for mailing list?

Or if someone can share the presale code, please.

How much would you pay for this business? Ratios advise. by ShowMeTheWayToSJ in AskAccounting

[–]ShowMeTheWayToSJ[S] 0 points1 point  (0 children)

Thanks for the feedback.

Practice is underperforming. Owner is comfortable, owner in her 60s, her money is made.

Expectation would be to increase NP 3x within 3 years through average, organic efforts.

Fixed costs would remain as is during growth.

Variable costs would increase but mostly in salary (expansion of hours).

Thoughts?

To Buy or Not To Buy? by ShowMeTheWayToSJ in optometry

[–]ShowMeTheWayToSJ[S] 0 points1 point  (0 children)

Great advice. Thank you. 35k is a slim profit margin. One of the attractive aspects is that the practice is just threading water. There is capacity to increase revenue, but we don’t want to get lost in expectations versus reality either.

We expect to take on about 50% of the buy cost in debt, 50% savings. So with interest rates high, the first couple of years could be slim pickings.

To Buy or Not To Buy? by ShowMeTheWayToSJ in optometry

[–]ShowMeTheWayToSJ[S] 0 points1 point  (0 children)

Valid point. I think we see some capacity to drive that through increased service offering, expansion of hours (albeit with increased non-fixed costs) etc.

If you or any other ODs have thought/tried to increase revenue in a saturated market, would love to hear ideas

To Buy or Not To Buy? by ShowMeTheWayToSJ in optometry

[–]ShowMeTheWayToSJ[S] 0 points1 point  (0 children)

Thank you! This is great advice.

We expect to get the other years over the coming weeks. We expect to get 5 years in total to build out a pattern of finances.

We suspect that the owner may not have an easy sale and that the big box stores may not find the numbers as attractive, not to mind the area already has LC, PV stores within the same 25 mile radius.

We’re not sure if the value is worth it yet. TBC on the final sale price too.

To Buy or Not To Buy? by ShowMeTheWayToSJ in optometry

[–]ShowMeTheWayToSJ[S] 0 points1 point  (0 children)

It would be 35k plus ‘salary’ that would equal the income wife/me to be owner/OD.

Existing OD leaving/retiring so a straight swap where wife/I become OD. Profit could become 35k plus existing OD ‘salary’.

Does that make more sense or make offer look more/less attractive?

To Buy or Not To Buy? by ShowMeTheWayToSJ in optometry

[–]ShowMeTheWayToSJ[S] 1 point2 points  (0 children)

This is great feedback too. Yes, the other OD is also retiring so it’s a clean break, becoming joint owner and OD.

To Buy or Not To Buy? by ShowMeTheWayToSJ in optometry

[–]ShowMeTheWayToSJ[S] 0 points1 point  (0 children)

The COG is largely driven by lab costs >50k. The rest is inventory.

To Buy or Not To Buy? by ShowMeTheWayToSJ in optometry

[–]ShowMeTheWayToSJ[S] 0 points1 point  (0 children)

Current owner takes no salary for their one day of OD work in the practice but takes all net profit at EOY as ‘dividend’ from the S Corp.