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Post by jamesod on Feb 13, 2017 12:11:31 GMT -5
Can you imagine if this story was actually true? I mean, it's for sure not. But imagine if it was.
Jackel is sitting on some $3.5M asset, unwilling to use it to make money due to some bizarre notions of family pride that he can't actually articulate, while Sporty works two jobs just to make ends meet for the both of them.
If I was a relative of Sporty's, this would not end well for Jackel.
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Post by CaveBearOG on Feb 13, 2017 13:50:32 GMT -5
this dude inspires me...lol. I'm trying to climb outta a hole and I pass angelo as he slides further down....holy fuck??? but seriously if you ever do wanna talk recovery hit me up. i dont trounce those trying to get better.......but if ya aint trying...i'ma pounce, trounce, and bounce your head off the concrete.....jus saying.... Um. He thinks all vets like you are felons. His words. Not mine I swear to god if me and that shit weasel ever cross paths my arrest record will grow substantially. I wonder what would happen say if one of the more well off folks would offer to fly me to jackasses house and he I go toe to toe till someone dont get back up. Would jackhole accept that offer??? Lets make this a reality....lets video a healthy one arm bear beating the shit outta a 107lb chronic liar......it could go viral on youtube...lol.
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Post by Deleted on Feb 13, 2017 15:32:15 GMT -5
Can you imagine if this story was actually true? I mean, it's for sure not. But imagine if it was. Jackel is sitting on some $3.5M asset, unwilling to use it to make money due to some bizarre notions of family pride that he can't actually articulate, while Sporty works two jobs just to make ends meet for the both of them. If I was a relative of Sporty's, this would not end well for Jackel. Literally on the edge of my seat to hear what this asset is. Google must be down in St. Louis area right now, with the lack of response we are getting.
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Post by Premier on Feb 13, 2017 16:11:06 GMT -5
I'm afraid that one day, this same situation is going to happen between us and Angelo.
Jackel, the greatest troll job ever pulled on an Internet message board. Going strong for about 10 years now.
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Post by ocmmafan on Feb 13, 2017 16:16:10 GMT -5
He has no way to lie his way out of this. If it's a 3.5 million dollar trademark then one of us will know the brand and we will all be able to google the brand. Or, he will respond that "his friend's cousin is a patent attorney" and he somehow derived the 3.5 million dollar valuation, and then we will tell him to fuck off.
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Post by Angelo on Feb 13, 2017 16:29:28 GMT -5
I'm done with this subject after this post, I'm starting the process with one of my cousins today to open a location.
The trademark is the family name, which was used for franchises across the country (but mostly in Western NY). It was appraised at 3.5m back in I think 2010 when someone doing business under the name without permission was brought to court.
It was worth more in the past, and IMO should only be about 3m at most now today. Regardless, 3.5m is nothing for a restaurant franchise's trademark valuation. Should be higher in fact, but ours was mostly regional (though we did get family opening as far as Hawaii), which lessens the value. Along with the name recognition (which is why it less than a normal nationally recognized trademark valuation), comes resources to allow better deals with various vendors, help with how to properly do labour, operations, etc...
The valuation is what it is because that results in roughly at least 550k/yr+ revenue at about 14%+ profit margin (which is good since the average is only 7% but there are many that I know of that run at 20% plus). Opening one here, we'd operate at 23.57% profit margin @ 550k/yr without any massive unforeseen issues. I'm assuming they took that low end, multiplied it by 5 (since even though you'll know your place have failed within a year usually a majority try to stay in operation out to about 5 years before they give in for some stupid reason) and then an actuary or whatever determines what over that is it worth from the extra benefits of the franchise in question.
And many of you probably want to scream at me, WHY THE FUCK DIDN'T I DO THIS EARLIER, or the likes like that. Simple, to me it is absolutely giving up and doing one of the things I hate most. How many of you for instance (besides Cyber when he needs his crack fix) would be willing to say suck dick for 100+ hours a week for 52k/yr? I hate it so much that that honestly almost sounds like a better option to me.
Anyways, I'm done with this subject, I'll give you an update after we get a property and have an estimated open date.
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Post by ocmmafan on Feb 13, 2017 16:44:41 GMT -5
I'm done with this subject after this post, I'm starting the process with one of my cousins today to open a location. The trademark is the family name, which was used for franchises across the country (but mostly in Western NY). It was appraised at 3.5m back in I think 2010 when someone doing business under the name without permission was brought to court. It was worth more in the past, and IMO should only be about 3m at most now today. Regardless, 3.5m is nothing for a restaurant franchise's trademark valuation. Should be higher in fact, but ours was mostly regional (though we did get family opening as far as Hawaii), which lessens the value. Along with the name recognition (which is why it less than a normal nationally recognized trademark valuation), comes resources to allow better deals with various vendors, help with how to properly do labour, operations, etc... The valuation is what it is because that results in roughly at least 550k/yr+ revenue at about 14%+ profit margin (which is good since the average is only 7% but there are many that I know of that run at 20% plus). Opening one here, we'd operate at 23.57% profit margin @ 550k/yr without any massive unforeseen issues. I'm assuming they took that low end, multiplied it by 5 (since even though you'll know your place have failed within a year usually a majority try to stay in operation out to about 5 years before they give in for some stupid reason) and then an actuary or whatever determines what over that is it worth from the extra benefits of the franchise in question. And many of you probably want to scream at me, WHY THE FUCK DIDN'T I DO THIS EARLIER, or the likes like that. Simple, to me it is absolutely giving up and doing one of the things I hate most. How many of you for instance (besides Cyber when he needs his crack fix) would be willing to say suck dick for 100+ hours a week for 52k/yr? I hate it so much that that honestly almost sounds like a better option to me. Anyways, I'm done with this subject, I'll give you an update after we get a property and have an estimated open date. No one cares about anything you just made up. Give us the NAME of this nationwide restaurant chain you own the trademark to.
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Post by Angelo on Feb 13, 2017 17:15:35 GMT -5
I'm done with this subject after this post, I'm starting the process with one of my cousins today to open a location. The trademark is the family name, which was used for franchises across the country (but mostly in Western NY). It was appraised at 3.5m back in I think 2010 when someone doing business under the name without permission was brought to court. It was worth more in the past, and IMO should only be about 3m at most now today. Regardless, 3.5m is nothing for a restaurant franchise's trademark valuation. Should be higher in fact, but ours was mostly regional (though we did get family opening as far as Hawaii), which lessens the value. Along with the name recognition (which is why it less than a normal nationally recognized trademark valuation), comes resources to allow better deals with various vendors, help with how to properly do labour, operations, etc... The valuation is what it is because that results in roughly at least 550k/yr+ revenue at about 14%+ profit margin (which is good since the average is only 7% but there are many that I know of that run at 20% plus). Opening one here, we'd operate at 23.57% profit margin @ 550k/yr without any massive unforeseen issues. I'm assuming they took that low end, multiplied it by 5 (since even though you'll know your place have failed within a year usually a majority try to stay in operation out to about 5 years before they give in for some stupid reason) and then an actuary or whatever determines what over that is it worth from the extra benefits of the franchise in question. And many of you probably want to scream at me, WHY THE FUCK DIDN'T I DO THIS EARLIER, or the likes like that. Simple, to me it is absolutely giving up and doing one of the things I hate most. How many of you for instance (besides Cyber when he needs his crack fix) would be willing to say suck dick for 100+ hours a week for 52k/yr? I hate it so much that that honestly almost sounds like a better option to me. Anyways, I'm done with this subject, I'll give you an update after we get a property and have an estimated open date. No one cares about anything you just made up. Give us the NAME of this nationwide restaurant chain you own the trademark to. I don't own it as I pointed out before, I only have the right to use it myself as per an agreement my Grandfather made while another cousin actually owns it. It's "value" is not tangible, it means fuck-all it. You can appraise a house at 3.5m but so what if the only people willing to pay for it willing to pay just a dollar. The only tangible value it has (outside of WNY) is basically a support network that'll help cut operating costs, and saves the costs/time of designing new signage. People here know it, it was talked about on the old forum where multiple people have actually eaten there or heard of it. I'm not going to shout it out here so the crazy ones here can go harass me outside of here. Cave, Rock, I think even James knows it, beefchief and Melinda both have eaten there (I think Beefchief even worked at one for awhile when he was younger or maybe I'm confusing him with another).
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Post by ocmmafan on Feb 13, 2017 17:43:40 GMT -5
No one cares about anything you just made up. Give us the NAME of this nationwide restaurant chain you own the trademark to. I don't own it as I pointed out before, I only have the right to use it myself as per an agreement my Grandfather made while another cousin actually owns it. It's "value" is not tangible, it means fuck-all it. You can appraise a house at 3.5m but so what if the only people willing to pay for it willing to pay just a dollar. The only tangible value it has (outside of WNY) is basically a support network that'll help cut operating costs, and saves the costs/time of designing new signage. People here know it, it was talked about on the old forum where multiple people have actually eaten there or heard of it. I'm not going to shout it out here so the crazy ones here can go harass me outside of here. Cave, Rock, I think even James knows it, beefchief and Melinda both have eaten there (I think Beefchief even worked at one for awhile when he was younger or maybe I'm confusing him with another). keep digging that hole, liar.
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Post by TitoOrtizIsAPunk on Feb 13, 2017 18:17:31 GMT -5
Why not just say what it is instead of typing all that crap. Especially if you already said it once in the old forum. As a forum historian I personally don't remember you mentioning it.
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Post by ocmmafan on Feb 13, 2017 18:25:13 GMT -5
Why not just say what it is instead of typing all that crap. Especially if you already said it once in the old forum. As a forum historian I personally don't remember you mentioning it. james and CB are in this thread mocking him so obviously they don't recall. Just another lie. And, as a forum historian of jackel lying, I don't recall it either.
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Post by Angelo on Feb 13, 2017 18:29:44 GMT -5
Why not just say what it is instead of typing all that crap. Especially if you already said it once in the old forum. As a forum historian I personally don't remember you mentioning it. Because I didn't, Beefchief figured it out via PM, as well as Melinda, as there was only one major chain that was that old. Cave, Rock, James know from Facebook. I already started everything about 2hrs ago, and looks like it should move forward quicker than I thought. I'm gonna take on about 200k-ish in debt at a discounted rate but that isn't too bad since I'll have a 1yr interest-free hold on payment from the day the doors open giving me plenty of time to figure out where the issues are gonna pop up financially (since there always some shit that happens you don't foresee). You can wait till I post pictures in a few months. Gonna get a local artist to do a mosaic cover for the wood storage part for the oven, that part I'm actually looking forward to. I'm thinking something incorporating Italian colours along with shit representative of St Louis. Anyways that's it, and unlike Toehold I'm gonna control myself and end my involvement with this here. If you want to seriously known anything instead of trying to ride me with bullshit because it gets you off, feel free message me directly. Otherwise you can have an update once everything officially going forward and papers are signed.
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Post by Angelo on Feb 13, 2017 18:30:30 GMT -5
Why not just say what it is instead of typing all that crap. Especially if you already said it once in the old forum. As a forum historian I personally don't remember you mentioning it. james and CB are in this thread mocking him so obviously they don't recall. Just another lie. And, as a forum historian of jackel lying, I don't recall it either. CaveBear has on the phone actually referred to in the past on one of his drunken calls!
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Post by boboplata on Feb 13, 2017 18:55:56 GMT -5
I for one stand by Jackel. In the off chance that what he's saying is true, he might give me a job. Hehehehe.
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Post by Angelo on Feb 13, 2017 19:02:55 GMT -5
I for one stand by Jackel. In the off chance that what he's saying is true, he might give me a job. Hehehehe. Dude I'd hire you in a heartbeat, fill out whatever is needed to bring you over here, but honestly the pay would be crap.
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Post by Deleted on Feb 13, 2017 19:07:09 GMT -5
I have been part of the OD since 2004 and I don't remember one single thing about this ever.
So you have the rights to use a trademark valued at $3mm, but hate doing the work that is involved in running said operation. Why would you not become a silent partner, sign a contract giving licensing use for 10 years to any investor, charge $100k a year with an upfront payment of $500k? You instantly get $500k, you make $8k a month doing nothing, don't have to sign a non-compete, have literally no downside at all, don't have to ever even step foot in the place, you are a millionaire and you are leasing a trademark for a 50% discount making the sale extremely easy to underwrite and finance. You maintain 51% ownership in the business, and you will not be in dispute with the willed ownership stake you have received from your grandpa.
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Post by locogato11283 on Feb 13, 2017 19:19:28 GMT -5
This dude is a total fucking democrat liar.
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Post by Angelo on Feb 13, 2017 19:27:05 GMT -5
I have been part of the OD since 2004 and I don't remember one single thing about this ever. So you have the rights to use a trademark valued at $3mm, but hate doing the work that is involved in running said operation. Why would you not become a silent partner, sign a contract giving licensing use for 10 years to any investor, charge $100k a year with an upfront payment of $500k? You instantly get $500k, you make $8k a month doing nothing, don't have to sign a non-compete, have literally no downside at all, don't have to ever even step foot in the place, you are a millionaire and you are leasing a trademark for a 50% discount making the sale extremely easy to underwrite and finance. You maintain 51% ownership in the business, and you will not be in dispute with the willed ownership stake you have received from your grandpa. I said earlier... I'm required to be a managing partner, and work full time on location. I'm not allowed to be a silent partner or I would have long ago. Basically it was my grandfathers way of giving me a safety net, but saying if you have to fall back on it, you stuck. Probably his way of making sure I did well in college so I wouldn't have to. My best case scenario right now would be once running to save as much as I can to buy out any other equity holder, then changing the name, bringing in someone else to run it, and sit back and collect on the equity checking in once a month to make sure everything right, even potentially opening up another location or two. I don't think I'll be able to convince both him and his business partner, but I am gonna try to get my cousin to come in and open it under a new name, under the blanket of their restaurant group, and have me oversee the startup and training to get it turnkey, and then work on opening up a few other locations basically. It means a fuck-ton more work up front, but it also means that within a few years I can actually have weekends, nights, and holidays off, and eventually stick to an under 15hr week, and do something else I"d prefer to do like set up a wood shop doing furniture, learn blade makings and make custom chef knives (actually one of the best in the country is here in STL and I'd love one of his), and do that kind of stuff.
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Post by ocmmafan on Feb 13, 2017 19:29:44 GMT -5
Cliff notes: Jackel would rather suck fictional dick than work at one of these fictional restaurants, where he holds some kind of rights to the fictional trademark.
Here is my guess after years of breaking down many a jackel lie:
He watched an episode of Sharktank and loosely understood the discussion in one pitch, but he misunderstood the financials and how debt deals are structured. He then tried translating it into a passable story here where it is failing miserably.
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Post by locogato11283 on Feb 13, 2017 19:36:53 GMT -5
Is this dude really married? If so, what kind of chick marries a fucking moron like this?
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Post by TitoOrtizIsAPunk on Feb 13, 2017 20:03:42 GMT -5
Anyways, I'm done with this subject, I'll give you an update after we get a property and have an estimated open date. Anyways that's it, and unlike Toehold I'm gonna control myself and end my involvement with this here. If you want to seriously known anything instead of trying to ride me with bullshit because it gets you off, feel free message me directly. Otherwise you can have an update once everything officially going forward and papers are signed. Ok Toehold... How many more replies have you made? I don't enjoy getting off on giving you shit... I believe it's you that gets off on the attention... This could have easily silenced everyone by just naming the restaurant... Instead you keep on dragging this out after saying your "done"
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Post by jamesod on Feb 13, 2017 20:17:53 GMT -5
I have no idea what you're talking about, Jackel. Don't bring me in as a character reference - not on this one, anyway.
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Post by Deleted on Feb 13, 2017 20:18:56 GMT -5
I have been part of the OD since 2004 and I don't remember one single thing about this ever. So you have the rights to use a trademark valued at $3mm, but hate doing the work that is involved in running said operation. Why would you not become a silent partner, sign a contract giving licensing use for 10 years to any investor, charge $100k a year with an upfront payment of $500k? You instantly get $500k, you make $8k a month doing nothing, don't have to sign a non-compete, have literally no downside at all, don't have to ever even step foot in the place, you are a millionaire and you are leasing a trademark for a 50% discount making the sale extremely easy to underwrite and finance. You maintain 51% ownership in the business, and you will not be in dispute with the willed ownership stake you have received from your grandpa. I said earlier... I'm required to be a managing partner, and work full time on location. I'm not allowed to be a silent partner or I would have long ago. Basically it was my grandfathers way of giving me a safety net, but saying if you have to fall back on it, you stuck. Probably his way of making sure I did well in college so I wouldn't have to. My best case scenario right now would be once running to save as much as I can to buy out any other equity holder, then changing the name, bringing in someone else to run it, and sit back and collect on the equity checking in once a month to make sure everything right, even potentially opening up another location or two. I don't think I'll be able to convince both him and his business partner, but I am gonna try to get my cousin to come in and open it under a new name, under the blanket of their restaurant group, and have me oversee the startup and training to get it turnkey, and then work on opening up a few other locations basically. It means a fuck-ton more work up front, but it also means that within a few years I can actually have weekends, nights, and holidays off, and eventually stick to an under 15hr week, and do something else I"d prefer to do like set up a wood shop doing furniture, learn blade makings and make custom chef knives (actually one of the best in the country is here in STL and I'd love one of his), and do that kind of stuff. What your grandfather said doesn't matter, what matters is who owns it now. You say your Cousin owns it, so you have to just get him to agree to a different set of rules than what was willed to him and you are set. You could always offer him a couple hundred thousand dollars for his troubles.
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Post by mmaphreak on Feb 13, 2017 20:21:15 GMT -5
Cliff notes: Jackel would rather suck fictional dick than work at one of these fictional restaurants, where he holds some kind of rights to the fictional trademark. Here is my guess after years of breaking down many a jackel lie: After watching Brewster's Millions, he watched an episode of Sharktank and loosely understood the discussion in one pitch, but he misunderstood the financials and how debt deals are structured. He then tried translating it into a passable story here where it is failing miserably. fixed. couldn't help but think of that movie when i read the whole "my grandfather wanted me to have a safety net but at the same time discouraged me from using it', just like how brewster had to spend the 30 million so he'd hate spending money.
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LolatthisliarDeathMetal
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Post by LolatthisliarDeathMetal on Feb 13, 2017 23:11:34 GMT -5
What does his lady have to say. Surely if he is going to be 200k in debt and has 3million on the line, she would know the NAME of this trademark.
Also curious he mentioned people that know the name, but never mentioned her.
She didn't figure it out via PM too?
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Post by TitoOrtizIsAPunk on Feb 13, 2017 23:21:38 GMT -5
The people that "know" no longer post here. Like saying your alibi is a dead person.
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Post by Deleted on Feb 14, 2017 0:26:01 GMT -5
There are so many holes in this story it's not even funny to point them out.
His cousin owns this trademark valued at $3mm and he is currently sitting on it generating no money and hasn't sold the rights to it or worked out a partnership where you don't need to bring $1 of equity to the table and be a majority share business owner?
He has the rights to a $3mm trademark, and the best deal he can squeeze out of it is $52k a year working 100 hours a week?
He is claiming that his grandpa would force him to work, but his grandpa doesn't even own the trademark anymore?
He claims to have a GP projection nailed down the the 100th of a percent, before the business is even formed?
He has yet to give us a reason why we can't know about the trademark or business name.
His girl works crazy hours supporting his ass, and she is going to let him sit on a $3mm asset with no complaints?
10 years on this forum of him complaining that he cannot find a job and nobody will hire him, and we are just now hearing about something he has that can easily be spun into a franchise that is turnkey?
He has been living in a dumpy apartment with shitty appliances and the thought of asking his cousin to allow him to alter the rules of his inheritance have never entered his mind?
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Post by Deleted on Feb 14, 2017 7:49:44 GMT -5
Jackel, why don't you come up to Detroit? I have a "Job" for you. I'll fill you in on the details when you arrive.
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Post by Deleted on Feb 14, 2017 8:27:11 GMT -5
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Post by boboplata on Feb 14, 2017 9:00:36 GMT -5
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