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Brew

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Everything posted by Brew

  1. When he came out in the slippers, wasn’t his big toe jacked up? Another solid episode, Rupert is definitely up to something.
  2. I’m not big on the job movement in my industry. Been at the same place since I interned in college and it’s worked out well. I don’t really have people leaving chasing more money, I have people leaving chasing less than 40 hour work weeks for the same or less money. We’ve had potential partners leave and go to nonprofits recently to work 32-36 hours a week for good money because they don’t want to put in the hours any more and the earnings potential wasn’t the driving factor at this point.
  3. Guess it hit too high for the airbags to deploy, because that looks like the airbags should have popped. I’m guessing that’s a total, shit’s expensive right now and there is a whole lot of stuff located in that area that will need replacing.
  4. I don’t know that I have seen many family deals not end up awkward. It is what it is, you have to be comfortable with the deal. Slorch’s post covers it well.
  5. That would be low side, the ones I know are all $200k+ net with some upwards of $300k. One appraiser with the right staff people can turn out a lot of reports. Get commercially certified and it can go up from there although there is a lot more time involved. Most of them also have extensive rental holdings as they have the relationships with the banks and realtors to buy property in the right situations.
  6. I really like the similar one I have. I’m extremely happy with the rubber band which I didn’t think I would be when I first was trying to decide which one to go with. I think I prefer it at this point over the metal band.
  7. Some people actually like to talk through things on here.
  8. No, the PE is trying to hit a certain level of annual contracts to flip their whole package to the next level up PE. This one is way high side of what they have been paying, but they have all been at stupid multiples. They are consolidating operations so they are cutting overhead significantly, but it’s still crazy. It’s also the market that everyone is competing in, there is a lot of cash out there and each PE size in the market is trying to accumulate to flip to the next size up.
  9. There is no way I would spend money on a new appraisal if you already think you are high side. I’m. It sure what another number is going to add to the discussion. He set his side when he ordered an appraisal. If you’re more comfortable at the old number, then just take it. Otherwise, just average them. It sounds like keeping the peace is at least in the relative vicinity of importance as getting market value, so giving any reduction off the higher appraisal should be met with some appreciation. Why did they order the new one? Surely with the current market trends for land, timber, etc. they didn’t expect it to go down in value, so the issue is it just went up more than everyone expected?
  10. They also typically have ownership serving as part of the labor pool. Most professional service firms are shooting for 33% nets. Construction trades are up the last couple of years as well. Subs especially electrical are running in the 20%+ range, concrete guys are killing it, generals are up as well but not like subs, etc. It’s going to be hard to find a business to write a check for that pays the bills. Most, outside of retail type operations, are relying on industry relationships/experience and that’s typically what you are paying for. The best bet is generally to take something you are good at and start growing it. There also isn’t a lot for sale right now. I get information from all the regional brokers and they are all soliciting companies right now because they don’t have much. What is for sale that’s worth something is getting bought up by PE groups and stupid multiples. We’re working on a deal now for a pest control company that will end up trading at 3x gross sales and about 20x EBITDA.
  11. Story is not clear, it sounds like they want to buy you out. You had an old appraisal, they ordered a new one that came in 20% higher than the old one and you both are questioning it. Typically both sides are allowed to get appraisals, but it sounds like their appraisal is already higher than you thought it would be. Under that scenario it sounds like you can negotiate anywhere up to the new appraisal, you just need to decide where you are comfortable or just hold them to the appraisal.
  12. Bronco Raptor confirmed for 2022, should be interesting.
  13. Short list of coaches out there with the balls to make that call.
  14. That was an interesting opening to Season 3, anyone that hasn’t seen the first two seasons and randomly clicked on the show figured out really quickly where the show stands.
  15. Not a fan of the ozone system we have. It puts air bubbles into one of the returns so you have a constant stream of bubbles coming into the pool and the incessant noise that goes along with the air. We had UV on our old pool so if you went out at night after the pump cut back it was almost perfectly quiet outside. Now I have the sound of popping bubbles 24/7.
  16. Part of the reason I went understated on top of the fact I go understated in most everything. I am going to buy something that goes with the times I dress a little nicer, but right now I’m wearing shorts and a polo so it works perfect.
  17. Add me to that club as well.
  18. First official tax proposal is out with a plan to try and pass through simple majority budget reconciliation process after committee edits. It at least gives an idea of what they would like to do. https://www.bkd.com/alert-article/2021/09/house-ways-means-committee-proposes-tax-increases
  19. Throw a bag on each side of the engine and another in the bow and it will clean that wake right up and give him more than enough wake for a couple more years. Then you can wait on the inevitable market crash that has to be coming. I’m still amazed you have your 7 year old grabbing air like that. Shorten the rope and you’ll have him going wake to wake in no time.
  20. That’s awesome. That’s what makes it fun and he’s really hitting it for a 7 year old. What are you pulling him with?
  21. Then why keep coming back to the thread?
  22. Motherfucker. I went out to my shop tonight to move some trailers to start getting ready for winter and didn’t plan on pulling the boat out. One f-ing trailer wouldn’t quite fit where I needed it, so I decided to pull the boat out on to the pad to make room and never even thought about the fact I didn’t raise the door up all the way an hour before when I got there. Luckily the door gave way before the tower, so looks like it’s time for a new Bimini and at least three sections of garage door if not an entire new door since the tracks bent as well. Fuck me, just the bimini was $3500 and has a solid 5-6 uses on it.
  23. Everyone I’ve looked at is on Steelers, Panthers, and Washington. Think I need to bet the other side.
  24. I don’t have the hard guidance yet, but my understanding is that there are OSHA regulations that have already been through court that this will roll out under. Those regs have applied to employers with more than 100 employees. That is also why there is a testing alternative rather than a vaccine mandate.
  25. 1. It will be up to the DOL. My preliminary understanding is that it will be 100 total due to the regulations they are rolling it out under. Our HR attorney is just giving us general thoughts as of now 2. We operate in southern states where this is way too political. Several large employees have gone to mandatory vaccinations/testing and it has created a lot of turnover already. There are still 1000 questions that need to be answered, but we’re already seeing kick back from some employees. A lot will depend on whether work from home is excluded as we can go remote with at least a portion of our workforce. I’m not in an industry where I can train someone to flip burgers tomorrow and be back up and going which makes this challenging. Again, I have zero issue with the concept, I have an issue with the hard cutoff on employee numbers. I understand why it’s been done this way and the regulations they are trying to get it under, but it creates a problem for those it applies to while others get to use it as a selling point. There are 45k or so accounting firms in the country, there are less than roughly 300 that employee 100+ people. This whole thing is out of control at this point and something needs to be done to reel in infection rates especially in the states we operate in, but I would prefer a wholesale across the board approach.
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