Beware and get a good laugh
^^ Wow that was a pretty awesome read. So many shady people on the forums!
Yeah it is pretty sad how many shady people are out there, actually. :-\
Maybe you should. Sounds like a good idea. They’re not bad to deal with. I did this in university. Wrote about econoboxes (stuff university students might by) for the newspaper from a student’s point of view. Wasn’t too hard to get loaner cars. Ask for a loaner R8 though and it may be a different story. Hard part was getting the article through…it was always 'well, so and so advertises quite a bit with Southam Corporation so could you tone this and this down a bit? Money makes the world go round, and this includes printing presses.
Frankly I dont get the impression that his job is all about talking cars etc. It’s basically dealing with people complaining about getting scammed in classified ads, complaining about getting infractions, complaining about other people NOT getting infractions, and all around whining about hurt feelings. It’s a business and shit flows up when you’re a one man show. You have to deal with everything.
When he started the site, it was what you described…a fun way to connect, talk shop, have fun with cars. Of course it paid him about as much as you get paid today to talk shop with enthusiasts and have fun with cars.
As for your karma, you have a few hundred -karma worthy posts here. These ones are not even top 50.
LOL at Anthony’s response. I think he just got lucky with AZ (or not? Not sure how profitable it is) because he clearly has no business sense.
Interesting…
Name: Mercedes
E-mail address: merci59@comcast.net
Comments
Hi kids! last Sunday I was inked for the second time by Rich (3rd tattoo at Brother E).What a AWESOME job he did!!.He capture 100% what and how I want it.I LOVE my butterflies!.The shop is sparkling clean all over!.Keep the good work and I’m sure you’ll see me again!.Thanks again Rich and all the gang!
Merci
DATE Wednesday, October 17th 2007 - 04:49:41 PM
LBO involves financial metrics such as LTM and forward EBITDA valuation, IRR, leverage capacity. It is a valuation method through a completely different process than a DCF analysis, etc.
What was that from? Is that linked to the scammer?
yeah, that’s a review posted by the scammer. Of a tattoo shop. Sounds like a girl named Mercedes.
I’m betting…lower back. Or big butterflies across her shoulder blade.
I just felt like quoting this. ;D
LOL!
[quote=“sakimano,post:2934,topic:3079”]
I just thought of an image and instantly threwup the awesome lunch Dan cooked for us.
$194,400
JFGI
http://img.tapatalk.com/d/14/02/08/u8emepyt.jpg
I was going to say 4x EBITDA but WTF do I know, I would have overpaid… The only thing I was told from the guys that met Anthony was the big advertisers pay somewhere around $1K/month.
needs moar acronyms!
Don’t forget we’re referring to a very small business that a leveraged buyout firm would never look at. If you’re trying to use it to establish a floor valuation , the accounting costs of doing so would likely eat up about 6 months earnings for the business (and that includes Anthony’s salary)!
If it’s a full time job for him, I doubt he has other employees. He’s the sole proprietor, and as a result the majority of the company’s earnings are used to pay him. Net of that, there likely are next to none. It is not like he is taking $125,000 a year out of the business in income and retaining $100,000 a year to grow it. I imagine 100% of ‘profits’ are basically his salary to himself. Without him there to run it, the business is dead. Unless someone replaces him…which will then eat up that income stream again.
There frankly is no real value beyond buying yourself an income stream. Anyone who buys it is buying Anthony’s salary for themselves, and hoping to grow it.
That assumes loads of things…and is based on page views from the looks of it. Not all page views are created equally. Some sites don’t do a great job of monetizing page views. Some do incredibly well. So you can’t necessarily ‘just fucking google it’.
At the end of the day, is Anthony really going to take $194,000 for the business that he took 12 years to build? Is he going to start over with a relatively small sum of money and effectively become unemployed? I doubt it. Maybe in his head he thinks ‘I take $90,000 a year out of here…and if my business is worth 10x earnings, someone will give me $900,000 for it’. Once he ventures into the world of TMMA (TinyMarketMergers&Acquisitions) he will probably realise that he hasn’t a hope in hell of that, and will stay on hand because the income he draws for the skillset it requires is going to be tough to beat in the form of a cheque from a buyer.
In conclusion it’s worth what someone is willing to pay for it.
Wow you’re serious today, I thought you’d get the humour of a dumbass web site in estimating the value of a business, not kick at my karma…lol buddy
Anyhow I’d trade jobs with Anthony for a while. Would be nice to do almost nothing but talk to performance car shops and enthusiasts, etc. I’d be trying harder to leverage that into perks with A o A, you’d think Audizine would get to review the new cars, etc considering the membership base.
Always is 
Beware and get a good laugh
^^ Wow that was a pretty awesome read. So many shady people on the forums!