Adam Ross

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Adam Ross

Adam Ross

@AdamRossSMB

4x SMB owner. Previously private equity, Air Force, Harvard, and Lehman Brothers.

Florida, USA เข้าร่วม Aralık 2010
400 กำลังติดตาม1.3K ผู้ติดตาม
Adam Ross
Adam Ross@AdamRossSMB·
@realEstateTrent So you're saying there's a lot of buyers chasing strip malls and driving up the price? Isn't this the expected consequence of the StripMallGuy account? That's why I'm hesitant to push heavier into twitter and stoke demand for what I do
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StripMallGuy
StripMallGuy@realEstateTrent·
Was pitched a strip mall deal this morning. It’s around a 4% cap based on today’s income. The pitch: If I can get back a space where’s there’s a non-paying restaurant tenant, spend a year releasing it, pay TI and leasing commissions, then it becomes a 6.75 cap, or $5M. Which is roughly market. The price they’re asking: $5M. So, I’m supposed to pay $5M today… Do all the work… take all the risk… spend the time and money… And then it’s worth $5M when I’m done? Correct. The strip mall world right now, in a nutshell.
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Adam Ross
Adam Ross@AdamRossSMB·
@KobeissiLetter Guessing there was no conversation. Trump is just putting this out there to show Iran what he's offering. But he's doing it in a way that saves face.
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The Kobeissi Letter
The Kobeissi Letter@KobeissiLetter·
BREAKING: President Trump says his envoys Steve Witkoff and Jared Kushner have spoken with a senior Iranian official, with potential "deal" terms emerging, per Axios. President Trump on potential deal terms: 1. Iran committed not to pursue nuclear weapons or to enrich uranium, and to hand over its existing stockpiles 2. Iran agreed to be "low key on the missiles" 3. Iran also agreed to reopen the strait of Hormuz 4. "If they carry through with that it will end the conflict. They want to make a deal. We want to make a deal too. If this happens it is a great start for Iran to build itself back," Trump said The US notified Israel on Monday about the peace talks with Iran. We await comment from Iran.
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Adam Ross
Adam Ross@AdamRossSMB·
@maybedanielleee Maybe they started their year with more trucks, and ended with 12?
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maybe danielle 💻🚛🇺🇸
maybe danielle 💻🚛🇺🇸@maybedanielleee·
This trucking company reported 9,869,643 miles last year. They also report they have 12 trucks. That's 822,470 miles per truck. At 822,470 miles, each truck would need to average: > 2,253 miles per day > 93 miles per hour for 24 hours straight > every day for an entire year Which is obviously... IMPOSSIBLE.
maybe danielle 💻🚛🇺🇸 tweet media
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Massimo
Massimo@Rainmaker1973·
John Cena sharing the reason he keeps a pocket watch with him wherever he goes
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Adam Ross
Adam Ross@AdamRossSMB·
@STLChrisH I think you're mistaken. "Lead" does not mean showing up at the door. Lead means I get their phone number and have a convo and maybe book an appointment if they like what I have to say. And many leads these days want prices on the phone, and just calling around to collect quotes.
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Chris Hoffmann
Chris Hoffmann@STLChrisH·
In January, HVAC and plumbing contractors paid an average of $104 just to show up at the front door of a new customer. Before paying for wages, vehicle, insurance, overhead… The “Google tax” is real, and painful for customers and contractors alike.
Chris Hoffmann tweet media
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Adam Ross
Adam Ross@AdamRossSMB·
@BluthCapital As a consumer, buy the Kobe. As a business owner, buy a Five Guys restaurant.
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Adam Ross
Adam Ross@AdamRossSMB·
@stevehunsaker1 So curious why electrical is #1. I always thought the money is really in selling generators and new construction work, both of which don't sound so fun
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Steve Hunsaker | Home Service Accelerator
Top home services I’d go into if I had to start from 0 today: 1. Electrical 2. HVAC 3. Plumbing 4. Roofing 5. Pool/pond construction 55. Pressure washing 199.🐶 poop scooping 1983. In-home urologist for seniors (pro bono) 1984. Auto detailing 1985. Remote cleaning
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Fights Club 🇺🇲
Fights Club 🇺🇲@Simi0__·
Crack the password let's try if you're genius 0.0001 % will crack the password
Fights Club 🇺🇲 tweet media
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Adam Ross
Adam Ross@AdamRossSMB·
@PEoperator I have never paid over 4x. I'm super selective, and do fewer deals, but the ones I do are 🔥
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PEoperator⚡️
PEoperator⚡️@PEoperator·
People saying <5x, are you actually getting deals done or just criticizing people who “overpay”? I am not seeing any $1M+ EBITDA deals whatsoever at <5x. That is just not getting a quality business owner to sell. (Maybe adjusted pro forma w synergies, but not regular ol' LTM EBITDA.) <5x w/ add'l potential via earnouts/structure - could see that. Sounds nice on paper but reality is if you’re interested in growing through acquisitions and waiting for sub 5x you’d better have a very long time horizon, low burn, and extremely patient investors (as in they will wait through a cycle). Am I crazy?
PEoperator⚡️@PEoperator

What multiple would you put on this business? - $12M sales / $1.5-2M EBITDA - industrial distribution - 9 vendors total - 2 customers are 20% of sales - 40 years old How would your multiple change if you were one of the two customers?

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Adam Ross
Adam Ross@AdamRossSMB·
@unusual_whales If you need to borrow at 28%, maybe you should not borrow and just go without. It's not going to end well.
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unusual_whales
unusual_whales@unusual_whales·
Mike Johnson: One of the things the president probably had not thought through is when you bring interest rates down to 10% the problem is that the credit card companies would just stop lending money
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Adam Ross
Adam Ross@AdamRossSMB·
@jeffdtauzin Homeowner tells the contractor, "I got a bid for $2,000 less" Contractor says, that sounds like a great deal. You should take it. Homeowner says, I would but they went out of business. Can you match it?
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Jeff Tauzin
Jeff Tauzin@jeffdtauzin·
A homeowner tells the contractor, "I got a bid for $2,000 less." The contractor says, "That sounds like a great deal. You should take it." The homeowner hesitates. "Well, I'd rather use you. Can you match it?" "No." The contractor doesn't negotiate because he knows his numbers. He knows that $2,000 difference isn't "extra profit." It’s the cost of insurance. It’s the cost of training. It’s the cost of actually being in business five years from now to honor the warranty. The "Cheaper Guy" isn't offering a better deal. He’s just forgetting to charge for his own bankruptcy. Real businesses don't price match hobbies. Real businesses hold the line.
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Adam Ross
Adam Ross@AdamRossSMB·
@Mishi_2210 2*3+2 is 8 3*4+3 is 15 4*5+4 is 24 So 5*7+5 is 30
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chris
chris@chrislevan·
pitch me your company in 1 word.
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Adam Ross
Adam Ross@AdamRossSMB·
@FICMBondTrader 100% VA disability is $4,000 per month. $48k/yr. That's half a million over 10 years, and a full million over 20 years. And VA let's you work full time, be high income earner and still be "100% disabled". If you get a CPAP machine, even later in life, that counts as disabled
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Adam Ross
Adam Ross@AdamRossSMB·
@realEstateTrent It's an interest free loan from the IRS. Which is nice, but it's a loan not a gift, and the loan must be repaid.
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StripMallGuy
StripMallGuy@realEstateTrent·
Why are some people so over-the-top passionate about accelerated deprecation? Hint: Because cheap tax tricks sound great to many investors and make for a much easier shortcut strategy than simply: Finding. Good. Deals.
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Adam Ross
Adam Ross@AdamRossSMB·
@Will_Schryver No contractor number printed on the van. Against DBPR rules.
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Will Schryver
Will Schryver@Will_Schryver·
What’s wrong with this picture?
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Adam Ross
Adam Ross@AdamRossSMB·
@PEoperator I'm hiring for LMM PE Ops - looking for GM- level roles. If interested DM me
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PEoperator⚡️
PEoperator⚡️@PEoperator·
If you are looking to get into PE Ops, I suggest focusing on the lower middle market (LMM). This is the area where PE consistently adds value. The primary value lever here is sophistication. PE brings a significant toolbox that most LMM businesses have never utilized. So there is a higher likelihood for success IMO because the playbook is often (not always) straightforward. The other angle for you as an operator is you can have a major impact. Because these teams are small, you will be asked to wear many hats. It’s a great way to simultaneously learn, impact a business, and make some money. Curious to hear what others think...
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