Because there are foreclosure laws with homes, but have you ever tried evicting someone? It can take months.
On Wed, Mar 19, 2014 at 4:01 PM, CBB - Jay Fuller <par...@cyberbroadband.net > wrote: > > Then why do people sell houses on owner financing ? > > Sent from my Verizon Wireless 4G LTE Smartphone > > ----- Reply message ----- > From: "Justin Wilson" <li...@mtin.net> > To: "WISPA General List" <wireless@wispa.org> > 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 <j...@mtin.net> > MTCNA - CCNA - MTCRE - MTCWE - COMTRAIN > Aol & Yahoo IM: j2sw > http://www.mtin.net/blog - xISP News > http://www.zigwireless.com - High Speed Internet Options > http://www.thebrotherswisp.com - The Brothers Wisp > > > > From: "Hass, Douglas A." <d...@franczek.com> > Reply-To: WISPA General List <wireless@wispa.org> > Date: Wednesday, March 19, 2014 at 3:08 PM > To: WISPA General List <wireless@wispa.org> > > 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:* wireless-boun...@wispa.org > [mailto:wireless-boun...@wispa.org<wireless-boun...@wispa.org>] > *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 <wispawirel...@ics-il.net> > wrote: > > There's many more buyers out there. > > > > > > ----- > Mike Hammett > Intelligent Computing Solutions > http://www.ics-il.com > > > ------------------------------ > > *From: *"Randy Cosby" <dco...@infowest.com> > > > *To: *"WISPA General List" <wireless@wispa.org> > > *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 > d...@franczek.com > > > *Franczek Radelet P.C.Celebrating 20 Years | 1994-2014 > <http://www.franczek.com/20thAnniversary/>* > > > 300 South Wacker Drive > Suite 3400 > Chicago, IL 60606 > 312.986.0300 - Main > 312.986.9192 - Fax > www..franczek.com <http://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 Wireless <e...@e1w.com> > > *To:*'WISPA General List' <wireless@wispa.org> > > *Sent:* Wednesday, March 19, 2014 10:33 AM > > *Subject:* 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 > e...@e1w.com > www.e1w.com > > > > > -----Original Message----- > From: wireless-boun...@wispa.org > [mailto:wireless-boun...@wispa.org<wireless-boun...@wispa.org>] > On > Behalf Of Ryan Morgan > Sent: Wednesday, March 19, 2014 10:30 AM > To: wireless@wispa.org > 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 > Wireless@wispa.org > 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 > Wireless@wispa.org > http://lists.wispa.org/mailman/listinfo/wireless > > > > _______________________________________________ > > Wireless mailing list > > Wireless@wispa.org > > http://lists.wispa.org/mailman/listinfo/wireless > > > > -- > > Randy Cosby > > InfoWest, Inc > > 435-674-0165 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 rco...@infowest.com by reply email and destroy > > the original message, all attachments and copies. > > > _______________________________________________ > Wireless mailing list > Wireless@wispa.org > http://lists.wispa.org/mailman/listinfo/wireless > > > > > _______________________________________________ > Wireless mailing list > wirel...@wispa..org <Wireless@wispa.org> > http://lists.wispa.org/mailman/listinfo/wireless > > > > _______________________________________________ Wireless mailing list > Wireless@wispa.org http://lists.wispa.org/mailman/listinfo/wireless > > > _______________________________________________ > Wireless mailing list > Wireless@wispa.org > http://lists.wispa.org/mailman/listinfo/wireless > >
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