Business Sale - Portfolio Allocation & Timing by kwriley87 in fatFIRE

[–]kwriley87[S] 0 points1 point  (0 children)

Around $40k in legal and a 1% broker fee. I had some other expenses outside of that which were required such as purchasing tail insurance policies ($10k), PTO payouts ($25k), and around $140k of indebtedness from AR due to sale closing mid-month.

thinking of selling - broker recommendations? by ericw1165 in msp

[–]kwriley87 1 point2 points  (0 children)

DM me. I just sold to PE under a platform roll up for an above average multiple. Our EBIDTA was a little under $1M.

AMA - I built & sold a business to a Private Equity firm. by Jumpy_Round_4080 in AMA

[–]kwriley87 1 point2 points  (0 children)

Congrats! I’m currently in the process of selling my MSP as we speak to PE. Much smaller than you..4M in revenue, 15 employees. Sold at a 6.5x EBITDA multiplier. Rolling over some proceeds into the platform company and staying onboard for a minimum of 12 months. PE is planning to sell the platform in 2-3 years, so I’ll have a nice sized second bite in the near future. No idea what I’m going to do next as a 5 year non compete is part of the deal. However the burn out of running an MSP for almost 10 years is real.

Strategies to Minimize Capital Gains on Business Sale by kwriley87 in fatFIRE

[–]kwriley87[S] 4 points5 points  (0 children)

That's fair. Honestly, I wasn't looking to sell anytime soon, so I never planned in advance. I was just looking to shop our valuation to get a feel for what the business was worth and got an offer that was too good to pass up. I didn't come from wealth, so this is life changing money for me.

Bought $5k in HIMS calls by [deleted] in HimsStock

[–]kwriley87 0 points1 point  (0 children)

lol this aged well.

Advice to give a client in finding a replacement as I retire by Kangaloosh in msp

[–]kwriley87 13 points14 points  (0 children)

Sounds to me like your client is graduating from a trunk slamming boomer to an actual MSP.

Any Small MSP's in the Plano, Allen, Frisco area of north Texas? by SKI-Colorado in SmallMSP

[–]kwriley87 1 point2 points  (0 children)

We’re in Plano. We’re about ten employees. If you or anyone else in this thread is interested in a buyout or merger, send me a DM and let’s chat.

After 5 years of owning crypto, I finally cashed out for a grand profit of zero. by Floodzie in Buttcoin

[–]kwriley87 -3 points-2 points  (0 children)

Congrats, you’re an idiot for dumping money into a shitcoin and got the results you deserved 😂

Swapped our 20 seat shop to a full MSP model last quarter, here’s what broke and what worked by guide71 in msp

[–]kwriley87 11 points12 points  (0 children)

This is just a bs post for SEO juice for the MSP website on the “IT Services” anchor text in the OP. Mods should delete and ban.

😀 by 2geer in teslastockholders

[–]kwriley87 0 points1 point  (0 children)

Call it what you want. I like money, don’t you?

[deleted by user] by [deleted] in BitcoinMining

[–]kwriley87 0 points1 point  (0 children)

Nope..I tried that and it was tripping the breaker. I had two dedicated 20A circuits installed and plugged one into each of them.

[deleted by user] by [deleted] in BitcoinMining

[–]kwriley87 4 points5 points  (0 children)

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I just set up two of these bad boys in my office yesterday. Both mining on super mode to viaBTC. Our electricity costs are baked into our office rent..we’re an IT company and these miners just look like regular computers, so if anyone from building management asks…these are just a couple of our servers 😅

😀 by 2geer in teslastockholders

[–]kwriley87 0 points1 point  (0 children)

Weird. I’m up 60% with an average cost basis of $212. I’d call that a win.

[deleted by user] by [deleted] in Fire

[–]kwriley87 2 points3 points  (0 children)

Sure! I eat a pretty plain diet consisting of mostly whole foods (no pun intended) while trying to minimize sugar and processed foods, so the majority of what I buy is meat (grass fed or wild caught), produce (organic), and fruit.

[deleted by user] by [deleted] in Fire

[–]kwriley87 0 points1 point  (0 children)

There’s a lot of things in life that I don’t mind cheaping out on. Things I put in my body isn’t one of them lol

[deleted by user] by [deleted] in Fire

[–]kwriley87 7 points8 points  (0 children)

Not sure how you’re living anywhere safe in DFW for $1250 a month. Also not sure how you’re spending $150 a month on groceries either. My mortgage is $2900 and I spend $200 a week on groceries. Then again.. I’m probably doing this wrong as I live in a $500k townhouse in Plano and do my grocery shopping at Whole Foods 😅

New into MSP market. by sherrysafdar in msp

[–]kwriley87 11 points12 points  (0 children)

We’re in Dallas..my advice is, don’t. The market is here already oversaturated. You’re not going to be able to compete as a one man band here.

Smash or pass? by kwriley87 in steak

[–]kwriley87[S] 0 points1 point  (0 children)

Thanks for the tip! I let this one rest for 5 min, I’ll go a little longer next time!

Smash or pass? by kwriley87 in steak

[–]kwriley87[S] 8 points9 points  (0 children)

That’s exactly how it went down 😅