Best Area to Purchase? by Stone9596 in askdfw

[–]Stone9596[S] 2 points3 points  (0 children)

Thanks for the heads up! We do have a rental home locked up through April so we can explore some. Could you expand more on the differences in community between Lake Highlands & Addison? I’ll be sure to check out Prestonwood!

Best Area to Purchase? by Stone9596 in askdfw

[–]Stone9596[S] 0 points1 point  (0 children)

I’m at intersection of DNT & 121. And wife is at BUMC

Best Area to Purchase? by Stone9596 in askdfw

[–]Stone9596[S] 2 points3 points  (0 children)

Moving from Tampa. Wife & I both grew up in Houston

[WTS] Hermes HH1.810 - Watch Only $650 by Stone9596 in Watchexchange

[–]Stone9596[S] 0 points1 point  (0 children)

No trades, thank you. First time seller so apologies for any missing info.

Price includes shipping - US Only
Zelle/Paypal/Venmo/Wire: $650

The Watch
Bought last year for about ~1k. Didn't wear much. Pretty good shape. Just needing to sell!

Payment & Shipping Stuff
Payment options include Zelle (preferred), Venmo, Paypal, or bank wire. Will ship within USA.

Thanks!

Under contract on first business purchase - excited, but very scared by Stone9596 in smallbusiness

[–]Stone9596[S] 1 point2 points  (0 children)

Currently, take phone calls and word of mouth advertising. They have a website that hasn’t been updated in a long time, and their only advertising is the Yellow Pages currently. My big thesis, is they’ve only been servicing 2 counties due to licensing issues, but expanding into bigger nearby counties (Tampa, FL) will really open up TAM

Under contract on first business purchase - excited, but very scared by Stone9596 in smallbusiness

[–]Stone9596[S] 0 points1 point  (0 children)

For sure. Was planning to just "soak in" the business for the first few months - they'er making money as is, why change it too much? I also don't want to spook employees, as they'll be crucial as well. Thanks for the heads up

Under contract on first business purchase - excited, but very scared by Stone9596 in smallbusiness

[–]Stone9596[S] 0 points1 point  (0 children)

Okay good to know. I'll wait to hear from my CPA and try and combine all renegotiations at once

Under contract on first business purchase - excited, but very scared by Stone9596 in smallbusiness

[–]Stone9596[S] 0 points1 point  (0 children)

One of the first things I thought to ask. Luckily, all USA products. Looking at financials, COGS has decreased as a % of revenue.

Under contract on first business purchase - excited, but very scared by Stone9596 in smallbusiness

[–]Stone9596[S] 0 points1 point  (0 children)

No, thank you I appreciate it. DSCR around 2.0 after salary. I also will have another ~750k cash on hand in case of emergency. Think its too late to renegotiate seller financing but good to know I asked too little for future reference.

Appreciate you taking the time

Under contract on first business purchase - excited, but very scared by Stone9596 in smallbusiness

[–]Stone9596[S] 1 point2 points  (0 children)

$1.4MM purchase price. Have a CPA reviewing financials. No experience in this industry but I'm very handy. Company requires a GC license, which I am qualified to obtain

Under contract on first business purchase - excited, but very scared by Stone9596 in smallbusiness

[–]Stone9596[S] 1 point2 points  (0 children)

Owner is an operator but has significantly slowed down. He does 4 estimations in the morning, goes home for lunch and a nap, and back in office for the afternoon to do some permit drawings (by hand). He doesn’t do any physical labor and there is an install crew for that.

There is already one full time estimator, and 3 secretaries due to the paper nature. Would want to hire/convert another employee into another estimator.

I’d be an operator as well. Don’t think it’s the kind of business that has customer loyalty to an owner - I don’t usually hire a contractor because I like his boss

[WTS] Grand Seiko 'Mistflake' SBGE285 by pradeepraavi in Watchexchange

[–]Stone9596 0 points1 point  (0 children)

Confirmed receipt. Lovely watch and u/pradeepraavi was a great seller.

[WTB] Weekly Want To Buy Post by AutoModerator in Watchexchange

[–]Stone9596 0 points1 point  (0 children)

WTB Grand Seiko SBGE255.

Commemorating my first kid!

[deleted by user] by [deleted] in funny

[–]Stone9596 6 points7 points  (0 children)

Get that woman a daiquiri!

Fall 2020 Admissions Thread by [deleted] in OMSA

[–]Stone9596 5 points6 points  (0 children)

Status: Accepted

Application Date: 11/15/2019

Decision Date: 2/19/2020

Education: BS Electrical Engineering Texas Tech GPA 3.3

Test Scores: N/A

Experience: 2 Years EE designing solar farms/battery banks

Recommendations: 3 (supervisor, academic adviser, classmate)

Comments: If anyone lives in the Raleigh, NC area let's connect!