“We looked at this and said, this is a once-in-a-lifetime opportunity to buy equipment at half price, land at half price.”
“For six months, Jeff would be the salaried GM with nothing at risk but his time. After that, he could buy a third of the business at a pre-agreed price, and he'd have up to three years to buy the remaining two-thirds, half at that same price, and half at a pre-agreed multiple.”
Jeff Thompson · Acquiring Minds · Run It for 6 Months Before You Buy It
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What was described
worked out a hire-to-acquire structure: six months salaried GM, then option to buy one-third at a pre-agreed price, with up to three years to buy the remaining two-thirds (half at the same price, half at a pre-agreed multiple)
6 months, 1/3, 3 years, half, pre-agreed price, pre-agreed multiple
Said nearby on the same subject
“Half-price wings on Tuesday's deal is driving customers into stores, but chicken prices are at an all-time high. The more wings they sell at half price, the more money they lose.”
“I would be buying them used at half price. So the service is the same. It's still, you can fly. You only pay for it when you're on board. It's just the buy-in is going to be 50%.”
“Prices are going to go up six percent in chicago over the next year… we’re only projecting like one and a half percent decline nationally in the next year”
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