DAN.com

Rick sells ACRepair.com for 1.5M

Labeled as sales in Domain Industry News, started by Samer, Mar 14, 2020

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  1. Samer

    Samer Top Contributor VIP

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    @Rick Schwartz just uploaded via his Twitter;

    7997DE8F-9BA4-4DC5-96BD-594027CC728E.jpeg

    Thanks to Mr. Schwartz for disclosing time of negotiation, minimum price, where many NDA (buys their silence) this helps, way should be.
    $1.5M the man has earned right say whatever.

    Samer
     
    Last edited: Mar 14, 2020
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  2. WhoaDomain.com

    WhoaDomain.com WhoaDomain.com Gold Account

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  3. Lox

    Lox _____ VIP Gold Account

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    (for newbies) (y)
    Hand registered for $35/yr (at that time)
    How long does it take to sell (make a deal) for $1.5mm = 21+ years
    Marathon, Patience, Turning down $xxK - $xxxK+ offers, etc.
     
  4. .NJ

    .NJ Top Contributor VIP

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    From what I see here he is advising he signed a contract and states he is in the ac repair industry.

    No where does it say he sold it for $1.5 million.

    He most likely traded it for a piece of a business.

    Welcome to the domain world of misdirection....
     
  5. Samer

    Samer Top Contributor VIP

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    “Minimum Value of $1.5M”
    if anythin I undersold him; should title “1.5M+
    literally, says $1.5M worst case.

    $1.5M value, what Rick shares, appreciate.
    “Misdirection”? better than “6 figure” nonsense; disclosed actual #; with sense of structure.
    Happy him; wouldnt ask to give anything more. This industry needs more to share like Rick.
    It’s what i admire most about him, shares.

    are you ngtld fan?

    Samer
     
    Last edited: Mar 15, 2020
  6. .NJ

    .NJ Top Contributor VIP

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    Where does he say he sold it for 1.5 million??

    This is what leads domainers to go max out their credit cards on hand reg $hit and go broke....
     
  7. Samer

    Samer Top Contributor VIP

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    This what makes people not give sales figure.

    the inquisition, naysayers, and skeptics.

    if you got a name as good as ACRepair, — good for you. you have a number try to attain.

    What hand registrations? “max out credit card” Did u not hear@Lox?Rick held for 20 years? max credit, hold 20 yrs no 2 situations are the same. what might be 3 months for him, might take others longer, and more to even get right contacts.

    You worry too much, this is a tough game,
    we all find out the hard way, but Rick’s disclose should not be “meh”, but celebration, for him and the industry. (like it or not, boosts morale)
     
    Last edited: Mar 15, 2020
  8. .NJ

    .NJ Top Contributor VIP

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    Im sure he made a great deal with an AC Repair company with obtaining a piece of their business. Your stating he sold it for $1.5 million dollars. I dont see that.
     
  9. Samer

    Samer Top Contributor VIP

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    “Value of $1.5M” interchangeable to me; 1.5M?
    can liquidate his asset? Mr. Lawyer walk away $1.5M guaranteed that’s all that matters, guaranteed money

    @Mod Team Bravo @Mod Team Echo change title “value $1.5M+“ if possible (what rick said. ——> “Minimum value of $1.5M” (y)

    Does it really matter? i hope he cashes out —just to spite you :-P (assuming 100% equity) which i doubt, really dont care- 50/50 mix etc..
     
    Last edited: Mar 15, 2020
  10. .NJ

    .NJ Top Contributor VIP

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    Wrong. That does not mean he sold it for $1....
     
    Last edited: Mar 15, 2020
  11. Samer

    Samer Top Contributor VIP

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    i look at like sport contracts..
    money guarantee most matter. back to dns..
    that’s all THAT MATTERS... equity or whatev!

    $0 cash hope sells cashes out, $1.5M cash!!
    Rick is a smart negotiatior matters; value!!!

    3mo negotiate; dont think got cash up front?
    OK. honestly? going to assume $1.5M cash, and piece of the pie, he’s that good.

    You can go ahead and doubt him $0 & AC biz “worth $1.5M” if that’s what you want think.
     
    Last edited: Mar 15, 2020
  12. Toms Domains

    Toms Domains Established Member

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    Looks like he just purchased it to me...
     
  13. Samer

    Samer Top Contributor VIP

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    It’s easy to buy in this business.

    The real best celebrations are the sales, not a $1.5M spent ACRepair.com buy :ROFL: i disagree!

    If only you active in NP @Rick Schwartz ! he’s had multiple mill dollar sales in past, epitome “go big or go home”, like his style the most.

    Samer
     
    Last edited: Mar 15, 2020
  14. Ostrados

    Ostrados EpicName.com VIP

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    He said he signed a contract and that he is in AC business, it is not clear what type of deal he is talking about!
     
  15. Toms Domains

    Toms Domains Established Member

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    To reaffirm what @.NJ stated, nowhere did Rick say that he sold the domain. Everything he wrote would lead one to assume he has just purchased it.
     
  16. Samer

    Samer Top Contributor VIP

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    signed a contract for minimum $1.5M value

    what is value? how is it measured?

     
    Last edited: Mar 15, 2020
  17. Ostrados

    Ostrados EpicName.com VIP

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    What is the contract that's the question not the value
     
  18. Samer

    Samer Top Contributor VIP

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    i hope that’s not the case..

    i dont think buying $1.5M worth celebrating

    Look at ricks past business dealings,
    When he sells the domain, he always remains involved in the business somehow
    instead of taking 100% cash. look history deal. Not many remain involved and get
    income stream, like license and royalty?
    in this case min $1.5M value. I think Rick sold,
    and wish someone would clear it up.

    contract $1.5M? buy? worth celebrating?
     
    Last edited: Mar 15, 2020
  19. Ostrados

    Ostrados EpicName.com VIP

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    Is it selling contract, acquisition contract, partnership contract..etc
    who knows what he is talking about
     
  20. Toms Domains

    Toms Domains Established Member

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    Hes not saying that he paid $1.5m, he's saying it may be worth that. He doesn't say how much he paid for it. This is the difficulty with the english language.
     
  21. .NJ

    .NJ Top Contributor VIP

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    Right....

    Misdirection like any other day in the domain world.
     
  22. Samer

    Samer Top Contributor VIP

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    i disagree and think you’re being harsh on him,
    (sorry if i took it personally)

    Rick still gave wayyyyy more than most, under his circumstances. (who knows if pressured not to even share like most people spend lot..
    now know why say “7 figures” and call it a day
     
    Last edited: Mar 15, 2020
  23. 7363824

    7363824 Restricted (Market)

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    I'm confused by this. My guess is since he said hes in the AC business now he got some stock as part of selling it? So maybe 1.5mil plus stock????
     
  24. Samer

    Samer Top Contributor VIP

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    This times a million!!!

    Who celebrates buying a $1.5M AC domain?
    and it’s Rick Schwartz! sold more million dollar domains AND piece of pie than anyone else.

    Would it shock u if he got $1.5M cash+ equity?
     
  25. Toms Domains

    Toms Domains Established Member

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    This thread is going to be a good laugh.
     

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