06-06-2003, 07:45 AM
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aspiring banker
Join Date: Mar 2002
Location: toronto
Posts: 10,870
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Quote:
Originally posted by Mutt
it's a nice offer. providing what somebody else said, the money's upfront, heard of some people cashing out of this biz for alot of money but then the buyer screws up and the payments which the buyer assumed would come out of the profits stop arriving.
also depends on the length of the non-compete and the terms in it.
even though it would be tempting to just take a few million dollars and ride into the sunset, if you're confident that your sites will continue to do the same amount of $$$ for the next 5 years, you're giving up alot of money. A steal for somebody at 3 mil, if the biz can make 1.5-2 mil a year going forward.
gotta love stories like quiet's, he's so much more profitable than the 'big boys', did it a whole different way.
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take the money and pay someone like me to manage it  |
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