sales Rick sells ACRepair.com for 1.5M

[Samer]

@Rick Schwartz just uploaded via his Twitter;

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

 

[Lox]

(for newbies)
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.

 

[.NJ]

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....

 

[Ostrados]

for 1.5 M I would buy ac.com

 

[.NJ]

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

$1.5M AND piece of biz liquid
“Misdirection”? Rick gave us more details than
“6 figure” nonsense; a #; sense of structure.

ngtld fan? Welcome tweet at him, he replies, though I’m not sure you’d like his reply.

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....

 

[xynames]

It’s bluster. No clear declaration of what he sold it for, or if it even sold outright at all. Typical.

 

[Samer]

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....

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)

 

[Randolph]

Rick sold the domain to an AC repair company for a cash sum + stock/equity/similar.

Over time, he will get a contractual minimum $1.5m in his pocket. If the business does big revenue numbers, he stands to earn more on top of the $1.5m.

Not sure what the confusion is? This type of deal happens all the time.

 

[GoWebnames.com]

Good news for rick obviously but, at $1.5m+, it's a grand splurge by a services company (Ac.Repair may be the potential buyer). So many good "Ac Repair" names available for much much much much less. I wouldn't have spent more than $10k on it even if I was in the AC repair business. Just my opinion.

 

[Toms Domains]

Looks like he just purchased it to me...

 

[Toms Domains]

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.

 

[.NJ]

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

Right....

Misdirection like any other day in the domain world.

 

[Toms Domains]

This thread is going to be a good laugh.

 

[.NJ]

I wonder how many Ac repair domains were regged in the last couple hours....LOL

 

[lennco]

signed a contract for minimum $1.5M value

what is value? how is it measured?

It is measured by the Value of the company as a whole.

Lets say the company has a value of a $100m and Rick sold the domain for 1.5% of the company, that would give him an ownership stake valued at $1.5m

Now the deal could have been part cash and part ownership like he did with Candy.com
Lets say $500k plus 1% ownership. That still = $1.5m

Rick is a very smart and shrewd domain investor so if he says he got a $1.5m minimum deal then rest assure he got a $1.5m minimum deal.

That is why Rick is the King

 

[Randolph]

If this being a $1.5m sale is a misdirection, I ask that you revisit 4th grade math class (or simply drop your willful ignorance).


If you sell a domain for $10,000 but stretched out in 10 payments of $1,000 — did you sell the domain for $10,000 or $1,000?

The answer is $10,000. You sold the domain for $10,000.


If you don't think Rick will get his contractually obligated $1.5m, you're wrong; He will get much more.

If you don't think an AC repair company can make $millions, you're dreaming.

A family owned AC company can make $10m yearly in a single southern US city. I flipped houses and apartments, HVAC is big money.

 

[Randolph]

I mean, besides air conditioners... what does ACRepair stand for? I can't see it being 1.5 mil... most HVAC companies don't make that much per year??

I mean, I've seen titan domainers with domains like boiler repair serv... or something of that nature, and they're only asking for xxx,xxx or even high xx,xxx...

If it were an all-cash upfront deal, the price may have only been ie: $750k.

Since the company may not have had the cash on hand, it was drawn out into a larger price tag.


Rick probably owns a lot of real estate. This means he can get great deals on AC for his own properties, as well as earn a share by onboarding all his buddies that own real estate themselves. Smart deal.

 

[domaineed]

 

[WhoaDomain.com]

Congratulations to @Rick Schwartz

 

[Samer]

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....

“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

 

[.NJ]

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 attain.

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.

 

[Samer]

Wrong. That does not mean he sold it for $1....

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.

 

[Samer]

Looks like he just purchased it to me...

It’s easy to buy in this business.

The real best celebrations are the sales, not a $1.5M spent ACRepair.com buy 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

 

[Samer]

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.

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?

 

[Ostrados]

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