View Full Version : Multimedia 1.0 SOLD
defender
08-14-2004, 08:14 PM
Woo Hooo!...
I am finally FREE!
As of January 1,2005 I will no longer own Multimedia 1.0 of saint marks place....I just sold it. 10 years of this stinking hell hole is enough
FREE FREE FREE! At this time I still plan on running VGD and all my other internet properties.
WOO HOO! FREE!
Wshakspear
08-14-2004, 08:17 PM
...How linked are MM1 and VGD.com?
mousin
08-14-2004, 08:21 PM
=[ you evil.. evil person!! you sell the whole company(with games + pr0n + etc)? or just the lot (property wise)?
defender
08-14-2004, 08:24 PM
Yes..the entire store will be property of the new owner...games and all. I will be able to still run VGD as is...I will just have to get new inventory which aint a big deal. There may be a small period of time that VGD will be closed while I move to Vegas.
The new store owner will NOT be getting my sites. Also he will run Multimedia 1.0 pretty much as it is. I will be training him even.
Wshakspear
08-14-2004, 08:28 PM
Oh yeah... Congratulations!!!
Enjoy your newfound freedom!!
mousin
08-14-2004, 08:33 PM
whats your next doing? or job.. or career? are you going to persue selling adult videos? or adult "stuff" even? sorry for mocking you, but i have a cousin who works at a sex store, and HE makes REALLY good money.
Wshakspear
08-14-2004, 08:36 PM
A Phallic Conesiour if you will?
Stargun007
08-14-2004, 09:10 PM
Damn, Defender, I'm moving into the city in 2 weeks and I wanted to visit your store. For how long will you still be running it?
XboxMaster
08-14-2004, 09:23 PM
Yay, I hope this means you can spend more time bulding the Video Game Network. Send me a PM if you are, thanks!!!
I say you clear out that uber rare stuff here on CAG ;)
Graystone
08-14-2004, 09:35 PM
Yes..the entire store will be property of the new owner...games and all.
your in NY right? is property expensive (dumb question) and the new owner is getting everything so how much do you sell it for I am wondering because you gave him the games and everything. there is nothing you want to keep I would leave him all the crap games and take everything worth value.
x0thedeadzone0x
08-14-2004, 09:37 PM
congrats, but I have to go down there before then just to see your store.
Wait, it includes the games? That seems kinda odd... does that mean he gets the whole stock as of 12/31/04 or does that mean you can't sell ANY games and he gets the current stock?
mousin
08-14-2004, 09:42 PM
you should have a "LIQUIDATION SALE" =]
really.. i need some of the DC stuff you got... and damn its going to be a waste just selling all those games.. you know what would suck? if the new owneer SOLD ALLLLL of the stuff, and turn your place into a strip bar.. =p
defender
08-14-2004, 09:46 PM
oh boy ...lots of nubs here I see...i gotta get noobalert.com set up fast! :-)
Anyways..like I said...the store will not be mine as 1/1/05 which means it is still mine and I will still run it and I will be able to make LOTS of money for xmas. On 1/1/05 the new owner will take possession of the store as-is.
I will NOT disclose the price but I will say that the new buyer got an INCREDIBLE deal. I just want out so I sold cheap to someone I know.
Obviously I have another 4 1/2 months to sell items.
My store is VERY valuable with zero inventory just because there is 10 years left on lease...the lease is below market value and I have been open for 10 years. He is keeping the name so basically he will get customer loyalty and recognition. This store makes a TON of money and it's real value is the used merchandise that comes into the front door. I buy so much stuff here that I have to throw some away every now and then to make room. I just got rid of 4 boxes of miscellaneous accessories. I put them on the curb and people just grab.
defender
08-14-2004, 09:48 PM
oh and I will be pursuing VGN and my other web properties full time once I am in Vegas. I am selling my house and moving my family there next year to start fresh. I hope to spend a lot more time with my kids and be a stay-at-home dad. I want to be around my kids more and the past 10 years I haven't been able to do that. My kids are growing fast as my oldest is 8 now and I think he really needs me.
defender
08-14-2004, 09:49 PM
you should have a "LIQUIDATION SALE" =]
really.. i need some of the DC stuff you got... and damn its going to be a waste just selling all those games.. you know what would suck? if the new owneer SOLD ALLLLL of the stuff, and turn your place into a strip bar.. =p
Sorry but I don't think if this place was a strip bar that would suck.
bignick
08-14-2004, 09:50 PM
If you start in the porno biz, let me know if you need any actors.
CaseyRyback
08-14-2004, 09:53 PM
If you start in the porno biz, let me know if you need any actors.
you can practice with yourself tuesday when New York Minute comes out :lol:
ikik
also glad to hear you sold your store and can finally move
defender
08-14-2004, 09:56 PM
If you start in the porno biz, let me know if you need any actors.
You could be the next Ron Jeremy.
http://www.foulmag.com/soundbites/RonJeremy/nerdnasty.wav
hutno
08-14-2004, 11:10 PM
congrats man
sying
08-14-2004, 11:31 PM
*sheds a tear*
I'm going to have to make a pilgramage up there sooner than I thought
JSweeney
08-15-2004, 12:29 AM
If you start in the porno biz, let me know if you need any actors.
You could be the next Ron Jeremy.
http://www.foulmag.com/soundbites/RonJeremy/nerdnasty.wav
NO!!
No one wants that... not the porn fans, not the female porn stars, not the male porn stars... no one.
NOOO!!!!
Of course, I bet some freak would give him a start by letting him and DLF do a buddy picture... ewwww.
SneakyPenguin
08-15-2004, 01:26 AM
Damn, I'll have to make a few more trips before you leave. And I was probably going to NYU next year too. Well, good luck in your new endeavors!
defender
08-15-2004, 02:30 AM
The store should still be here...with basically the same inventory..
epobirs
08-15-2004, 02:42 AM
Hmmm, do you have any obligations in terms of a minimum inventory upon turnover? It would seem you'd face great temptation to make deals during the holiday season to pad your bankroll for the upcoming unavoidable expenses of the move.
I used to spend so much time in Vegas that it seemed like home away from home, what with at least 8 annual trade events and Desert Blast. I've come to know my way around the actual city pretty well but have never considered living there.
defender
08-15-2004, 03:32 PM
Hmmm, do you have any obligations in terms of a minimum inventory upon turnover? It would seem you'd face great temptation to make deals during the holiday season to pad your bankroll for the upcoming unavoidable expenses of the move.
I used to spend so much time in Vegas that it seemed like home away from home, what with at least 8 annual trade events and Desert Blast. I've come to know my way around the actual city pretty well but have never considered living there.
There is no current obligation for inventory count so I would be inclined to make some good xmas deals. :-)
I will not sell below whoelsale however but the used merchandise may be a bonanza for shoppers. Also the new owner will be working in the store for Nov and Dec while I train him to run this place properly.
This store is worth the sale price without ANY inventory so the new owner should be very happy. The store has extreme value. He is getting 10 more years on the lease at below market which realisitically is worth at least 1/2 of the sale price and also 10 years of business and customer recognition easily makes the other half. The amount of items that come into my store that people sell to me is INSANE. He will make a ton of money in this place. I believe he will get his initial investment back within 2 years easy...a store like mine should honestly be worth 3-5 years of net PLUS inventory but I just want out.
magilacudy
08-15-2004, 03:43 PM
Sorry to hear that you've sold your store, but also happy for you defender. I'm going to make an effort to visit your store one of these days before you leave.
Anyways, congrats and good luck on your new ventures.
bignick
08-15-2004, 04:06 PM
If you start in the porno biz, let me know if you need any actors.
You could be the next Ron Jeremy.
http://www.foulmag.com/soundbites/RonJeremy/nerdnasty.wav
NO!!
No one wants that... not the porn fans, not the female porn stars, not the male porn stars... no one.
NOOO!!!!
Of course, I bet some freak would give him a start by letting him and DLF do a buddy picture... ewwww.
but I dont have man boobs.
Ericnmel99
08-16-2004, 08:36 AM
Congrats Defender. I think that your making wise desision about spending time with your family. You dont have a second chance to raise your kids, so i hope all goes well for you in moving and your businesses. Just curious, why vegas?
defender
08-16-2004, 03:31 PM
We are choosing Vegas because as a NYC resident I dont feel I can move to that many places without feeling dissappointed. It's hard to imagine at this time living in some small town with only strip malls.
Also my kids are mixed and my wife is Jamaican so she is very uncomfortable moving to some places that may have racial tensions....like in the south..she doesnt like the cold either so that leave out the midwest basically too....
Vegas is the fastest growing city in America. The growth and future of Vegas are assured.