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

 

[frostify]

(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.

Rick was also at the right place at the right time as domain name popularity was emerging. He saw a golden opportunity and registered many names that would in later years become highly desirable. Mad props to Rick.

 

[.NJ]

After looking at the website Im going to assume the domain wasn't sold at all.

Most likely Rick went into a contract with the company for use of the domain in return for a piece of the business profits.

Looks to me like its a partnership rather then a domain sale.

Still looks like a great opportunity and congrats to Rick on the partnership.

But I would venture to say this was not a domain sale....

 

[Samer]

This thread is going to be a good laugh.

One way or another.

 

[Pay.My.id]

Really impresive negotiation to close awesome sale. Congrats @Rick Schwartz

 

[Samer]

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

This! finally now we’re in agreement

Samer

 

[koolishman]

So, he traded a domain for equity?

 

[Samer]

I meant that in a way of domainers wasting money from the misdirection of Rick's post.

Yes i know what you mean.

OKBoomer 2.0

domainer always trying jump trends, corona

 

[Samer]

If I understand the text correctly.
Rick is now in AC business worth $1.5M.
Domain ACRepair/com is part of the deal, Possibly swapped for shares in the new business.
Premium domains are solid assets - not necessarily in monetary terms.

Nonetheless congrats.

Did Rick BUY or SELL?

obviously sell? farfetched to assume otherwise

 

[Josytal]

Did Rick BUY or SELL?

obv sell? far fetched to assume otherwise

He did Both, in this particular case. Again, to my understanding.

 

[Haykay2005]

So, he traded a domain for equity?

May be

 

[IMA]

Congrats To Rick "KING Of The .COMS" Schwartz..

However..

Getting In Bed With Contracts For Just a .COM IS Time waste IMO...

Just sell the .com and move on is more hot looking...

This looks little bit bad...

The .COM king getting into..... AC Biz lol

for not even 10 mil...

Just my opinion..

 

[xcloud123]

Cool, good name deserves good price

 

[nameuu_com]

Yes, this thread is a misdirection, he just said this domain's worth, not the transaction of 1.5M.

 

[mAd MaX]

(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.

Hmm...I am a larva

Rick traded something for $1.5m after 21 years doesn't mean everyone gotta wait for 21 years.

Gonna prove your statement not entirely true, someday before 21 years!

 

[Jv1999]

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)

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...

 

[Pay.My.id]

Signed a business contract based our domain is one of good option to add revenue stream. May be domain have not been sold , but he still able to make more money.

 

[Jamie_Langer]

Congratulation for getting a good such a good price for Domain name. This will really gonna be a great deal for you

 

[mpls]

it would be interesting to know what the expectations of the CEO who bought that domain.
If I ware him, the last thing I would do would be to spend 8 / 9 figures (LOL!!) for a domain name and have 0 benefits.
I could understand it if I had concrete advantages (high rank in search engines, AMAZING backlinks profile) and so on.
At the end, in the google eyes a domain that have been redirect for 21 years (AKA abused) will be heavily sandboxed for 3 / 6 / 12 months or maybe forever (and make the domain unusable).
I still don't understand why people still think and act as we're still in the 90s.
With 8/9 figures of budget I had buy a new, clean, unused domain and spend that budget in SEO / SEM / Marketing / Social promotions / backlinks purchase.
And, with 9 figures of budget, they can rank #1 EVERYWHERE for AC repair.
Will see.

 

[Vimal Kumar]

Header is misleading. Apt headline would be "Rick sells ACRepair.com for potential 1.5M"

 

[topworker]

“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

na fam i block websites like these.

 

[gabri3l]

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

With how much money and time invested in it?! $10m yearly profit or turnover. Misleading by omission is what you did, just like Ricky.

Did you look at the website? It's a franchise by a unknown. In the franchise niche you need a solid reputation, brand that is know by millions, hard cash to invest in marketing.

"HORRIBLE!!! We told the guy we need a new A/C for a house for sale, price was not bad and they were referred by Home Depot. Their irresponsabilty cost us more than $1000 and an emotional toll. We had been sick for all the stress this cause us."

"This is a complete scam and shady place. This company would do better in acting than they are at repairing your AC. I had them scheduled to come out and clean my AC unit that was leaking. They told me the AC didn't need cleaning (what I paid to have done) and refused to clean the unit.
They quoted me $650 for gas, freon, & a "leak seal." I had another guy come out from a different company and tell them that is a complete sham and the outside unit needs no work. Then he took pictures of my indoor unit and what do you know, completely filthy. Rust was dripping out from the pipes and overflowing ruining my drywall."

You will go in a franchise with Air Pros with their 16 yelp reviews?
NEVER!!!
They don't bring extra value to your business.

End of the story

 

[elevator]

From what I found on Whois.com the domain ACRpair.com is still with Rick Schwartz
If there is any changes with this details soon, then, it meant he sold the name.

Name:
Rick Schwartz
Organization:
Virtual Dates Inc
Street:PO Box 810276 Leasing and Joint Ventures Div
City: Boca Raton
State: FL
Postal Code: 33481
Country: US
Phone: +1.5612062201
Fax: +1.5619100018
Email:

@gmail.com

 

[lock]

I saw the resale values in past of aircon names precedence on keyword as first paying excessive has tuned this domain industry. Hence why i bought above.

 

[mpls]

acrepair.com does not rank in top 100 on google for ac repair / ac repairs searches.
Good move spend 1.5M (maybe more) and your site is NOWHERE.
Good move.
I repeat myself

With 8/9 figures of budget I had buy a new, clean, unused domain and spend that budget in SEO / SEM / Marketing / Social promotions / backlinks purchase.
And, with 9 figures of budget, they can rank #1 EVERYWHERE for AC repair.