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Bill W. Goins
Works at Murphy Business & Financial Corporation
Lives in Poplar Bluff, MO 63901, United States
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Thank you for using the Better Business Bureau's Online Complaint System.
Your complaint has been assigned case # 16054625.
Correspondence regarding this complaint will be emailed to : semoappraisal@gmail.com
Please print a copy of this for your records.

Filed on : March 10 2015

Filed by :
Bill Goins
3896 Highway W
Poplar Bluff MO 63901

Filed against :
Direct Colors, Inc.
430 E 10th St.
Shawnee OK 74801

Complaint Description:
The coverage area was over estimated requiring material to be stretched to actually cover the area in question. On 2/3/15 we called Direct Colors inquiring about their products. We described the project we were doing and they described their offerings. We told them that our square foot was 850...they listed it as 800sf. We trusted their word and coverage areas described and ordered what they said we needed. We ordered stains labeled Cola 2 gal., Coffee 1 gal., Azure 1 gallon. We also ordered DCI sealer 2 gal. and 550 water-based polyurethane sealers 2 gallons. The products came with no directions so we went to their web site and printed our own copies. The stains were probably a preference thing but did NOT cover as stated. We ended up ordering two more Cola and one more Azure. While this is probably not acceptable we thought we could live with that. We were able to apply the DCI with no problems and had a little to spare. The problem came when we tried to use the 550 Water-based Polyurethane. The application section of the can states the product will cover 300sf of untreated floor and up to 500sf if previously treated. We were treating 850sf of untreated floor as they were told at purchase. Two cans @ 300sf will not even come close to covering this even once. The directions stated that the floor must be above 60 deg. at all times. We followed their directions to the T with the floor at 72 deg. at all times which is well within their guidelines. They stated in their directions that the product is self-leveling and should not be worked much at all. This means that the coat should be put on at a reasonable thickness with a roller and not rolled excessively as it is self-leveling. They stated that a quality 3/8" nap roller be used and dabbed with tape to minimize fuzz. We had two men running two quality 3/8" Purdy Rollers applying enough product to cover without excessive roller movement. We soon discovered that we did not have enough products and stretching the product would be required. This means excessive movement of the roller (exactly what they say not to do). We ended up with multiple streaks. It is not possible to stop once started since the produce has a working life of 1 hour meaning the product starts to thicken and this in itself will cause surface defects. I called their sales department and they said I could go over it again with the 550 product with a thin coat and this would probably take care of it but we must sand with 120 grit sand paper to help adhesion. So we bought another can of 550 @ $127, sanded the complete floor and applied the thin coat...AGAIN we ran out before we could complete. This time it reacted with an area causing serious streaks and white spots that required complete removal of the 550. We were able to get under the 550 epoxy and scrape it off in this area with putty knives. This is where we are currently at with this project, the scrapped area is still bare of the epoxy 550 sealer and there are streaks throughout the project. We called a different company Behr, and told them what happened but not telling them it was not their product. They immediately stated that two gallons would not be enough for this project and that they would be happy to send us three complimentary gallons to fix this mess. At that point I told them that it was not their product and understandably they said we need to call Direct Colors and tell them of the problem. When we called Direct Colors, after a few emails, we were told that the problem was application and was not their fault. We requested that they send us 3 gal. to cover the requested sf. At which they replied that they were not responsible and would not be sending anything to fix this problem. All we are asking is that they make this right by giving us 3 complimentary gallons of the 550 sealer to complete the total job, not half of it. They also need to train their employees on the application process since their coverage areas are greatly exaggerated on all the products we bought with the exception of the DCI Sealer.

Your Desired Resolution:
Their advertisement bills this project as easy for the home owner to do and if given the correct information from their sales team it would be, but not at the described surface application rates as stated by their sales team. We would have gladly bought additional stains as well as the (important) 550 Water Based Sealer if we were told it was necessary...But we weren't. Now we have a nicely stained floor with streaks everywhere due to trying to make the product cover the complete area. The floor has been sanded twice now and will require myself to pay additional labor fees. I have paid my laborer for two unnecessary days to sand and reapply and STILL we will have to go over this again for another day. This is all due to their calculations coming up short. The least they can do is send us (Three) gallons of the 550 Water Based Sealer at no cost. We have had to buy two additional bottles of Cola Stain and one bottle of Azure which we can live with. We also have already bought one additional gallon of 550 sealer at their direction only to find that direction made the problem worse because it wouldn't cover nearly what was required to fix the problem. What we cannot live with is buying three additional gallons of 550 Sealer to cover an area that the can says two will not cover. This is their mistake and has already cost us time effort excessive labor cost. Three additional cans of 550 Water Based Sealer paid for and shipped by Direct Colors is what we will accept.

This case will be reviewed by a complaint specialist at Better Business Bureau, and then forwarded to the business for their response. It is our policy to allow the business 10 working days to respond to your complaint. You will be notified when the business has responded.

What would you like to do next?
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The facts don't lie
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Seller's Discretionary Cash Flow

Putting it all together


Seller’s discretionary cash flow is probably the best measure of profitability for the purpose of evaluating the financial performance of small businesses and is a concept that is used extensively throughout the field of business brokerage and business valuation.
For those unfamiliar with this particular performance measurement, it is determined by adding to pre-tax net profit the wages for one principal owner/manager (or salaried manager) including bonuses and any personal insurance premiums paid through the business.
To this total is added the non-cash expenses of depreciation and amortization plus all interest paid on long-term debt. Additionally included are all expenses not necessary for the operation of the business generally categorized as “owner perquisites” which typically include such things like the owner’s personal auto expenses, travel and entertainment and so forth enjoyed by all of the owners and their family members.
If the business pays a wage to other working owners or members of the owner’s family, only that portion of their wages and benefits exceeding fair market value (i.e., the amount necessary to attract and hold a non-owner employee to do the same job) is to be included in the definition of seller’s discretionary cash flow. Likewise, if additional owners or their family members are paid something less than a fair market value wage, then the difference between a fair market value wage and what they are actually paid must be subtracted from the total.
And finally, any non-recurring expenses (not capital expenditures) such as a onetime uninsured loss, an extraordinary repair expense and costs of that nature should be added to the total and non-recurring earnings subtracted.)
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THANKS TO ALL FOR LIKING OUR FACEBOOK PAGE.
We have met and exceeded our goal thanks to all of you. Continue to recommend us to your friends and business associates and we will strive to add new and interesting updates.
Now lets do it with Google Circles!
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murphybusinessbrokers
 
Please take a moment to add our new site to your circles, It is still under construction to bare with us for a while... Thanks
Professional Business Brokerage
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Why Choose Murphy Business Brokers?

The sale of an active business is more effectively managed by a professional business broker who is experienced in all aspects of the transaction. Buying and selling a business demands a level of expertise that you get from seasoned Business Brokers. We are one of the largest and most successful business brokerage firms in North America with offices conveniently located throughout the United States and Canada.

There are over 30 million businesses in the United States and Canada today. Forty percent of business owners expect to sell their business within the next three years.

Service & Expertise

For business owners considering the sale of their company, Murphy’s experienced business brokers will provide the following services:
■Determine the market value of the business to be sold
■Prepare an informational package describing the business to be sold
■Market to prospective buyers on behalf of the seller on a confidential basis
■Qualify prospective buyers on their financial capability and their sincerity in buying
■Assist the seller in evaluating offers and negotiating terms of the transaction
■Facilitate the consummation of the transaction in conjunction with the seller’s tax and legal advisors

Identifying the Buyers
■Corporate Executives
■Small Group Buyers
■Private Equity Groups
■Public Companies
■Industry Companies
■Synergistic Buyers
■High Net Worth Buyers

8 Basic Steps to Selling a Business
■Execute a Non-Disclosure Agreement from Murphy Business brokerage firm to the owner
■Gather and examine company historical and financial data
■Determine fair market value and terms
■Enter into an engagement agreement with the owner
■Execute marketing plan
■Qualify Buyers
■Negotiate offers
■Close transaction

The professional Business Brokers at Murphy will design a custom plan to promote your business to likely buyers. We directly market your business through global networks and on multiple websites, which means that you have a powerful network of business brokers working with us to find the perfect buyer.

We understand the importance of maintaining confidentiality, so information about your business is shared with potential buyers in stages as their level of interest heightens. Our brokerage firm does not disclose Confidential information without a signed Confidentiality Agreement and a buyer application. We work toward a full disclosure with either an Offer to Purchase or a Letter of Intent to Purchase.

That’s not all! We use our banking and financing contacts to assist the buyer and arrange favorable financing. This includes traditional financing, small business loans (SBA) or the use of non-traditional lenders. By doing this, we can also help minimize the amount of seller financing.
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Bill W. Goins

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Only one shoe is required for this delicate maneuver.
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7 Free Apps That Will Make Life Better. These free (or next to free) apps promise to make your business life a whole lot easier.
What business tools are in your everyday arsenal, and how have they improved your life? http://bit.ly/zZiqWR
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What is a Facebook “like” worth to a small business? For Colorado craft brewery New Belgium Brewing its 400000 Facebook fans are worth $50.7 million annually, accounting for half the brewery's sal...
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People
Have him in circles
26 people
Tahera sharifi's profile photo
Kevin Willett's profile photo
Arkansas State Parks's profile photo
Jess Goins's profile photo
Rod Triplett's profile photo
Matthew Wood's profile photo
Jason Graf's profile photo
Marion Tibbs's profile photo
Dan Machnicki's profile photo
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Currently
Poplar Bluff, MO 63901, United States
Previously
St. Louis, MO, United States
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573-785-1178
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248 Inman Dr. Poplar Bluff MO 63901
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Business Intermediary
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  • Murphy Business & Financial Corporation
    Business Intermediary, present
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