Looking to buy existing Subway shop, help in evaluating the price

[newtothis]

How are you,

I am looking to buy existing subway that has been in business for more then 3 years.

This is 100% absent owner, that has employees and manager in place.

I have converted all of the numbers in to %, so that i can share them with you.
I decided the income or expense by the net revenue to get that percentage.
If i made a mistake or it doesn't make sense, let me know.


I am trying to figure out how much to offer for this business. Lets assume that net sales are 100k, for easy counting. Lets say, i will not touch net income and leave it in the business, and only keep officer compensation, its only 6%, and if taking 100k as a base, that's only 6k to me.

The current asking price is 3 times the income. However, that income includes ( loan amount that owners is paying, total net income, and office compensation ) I think its too much, but trying to figure out how to evaluate it correctly and make the right offer. does anyone has any experiance in Subway franchises or advice on how to price the business and my offer????


Loans - amount that current owner is paying, if i buy this, i will probably be paying the same in loans.
Officer compensation - amount that current owner is taking from the business.

[TABLE="width: 303"]
[TR]
[TD]Net Revenue (Sales)[/TD]
[TD="align: right"]100%[/TD]
[/TR]
[TR]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 3"]Cost of Goods (Purchases & Supplies)
[/TD]
[TD="align: right"]29%[/TD]
[/TR]
[TR]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Gross Profit[/TD]
[TD="align: right"]71%[/TD]
[/TR]
[TR]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Operating Expenses[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Loans[/TD]
[TD="align: right"]5%[/TD]
[/TR]
[TR]
[TD]Officer Compensation[/TD]
[TD="align: right"]6%[/TD]
[/TR]
[TR]
[TD]Total Operating Expenses[/TD]
[TD="align: right"]68%[/TD]
[/TR]
[TR]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Net Income/Loss[/TD]
[TD="align: right"]3%[/TD]
[/TR]
[TR]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Rebate Income (estimated)[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Total Net Income/Loss[/TD]
[TD="align: right"]4%[/TD]
[/TR]
[/TABLE]

 

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[awjt]

O en xupfisoph xjev vji aqtofi ot jisi. E jahi uavmez, gus e vsodlmi, epf e duptvepv jiefedji ug fiemoph xovj aptlommif mecusist epf vjios nzsoef qsucmint epf gmelopitt. PU VJEPLT.

O xuamf sevjis... duni aq xovj e duum pix lopf ug guuf xovj e pix lopf ug qsiqesevoup epf fopoph iyqisoipdi. Tunivjoph e movvmi foggisipv vjep xjev't uav vjisi, cav puv tunivjoph vuvemmz xedlz. Katv e tjogv... tez... e caomf-zuas-uxp vedu ces. Us e fittisv tjuq xjisi qiuqmi duni op epf duptvsadv vjios dupgidvoup, tonomes vu e Djoquvmi. VJIP, hu ecuav qavvoph vji qoidit op qmedi vu uqip nz gostv tjuq... epf VJIP gohasi uav jux vu gsepdjoti ov.

Tasi, ov duamf geom. Cav og O'n huoph vu tqipf 12 juast e fez cecztovvoph tuni sitveasepv, O xepv ov vu ev mietv ci tunivjoph pix epf duum vjev pucufz't iwis vjuahjv ug. Vji METV vjoph O'f xeppe fu ot xussz ecuav efjisoph vu e dusqusevi tvepfesf sidoqi, cazoph qevvisp, inqmuzii vseopoph sihonip, epf tii nutv ug nz qsugovt gmz uav vji fuus gus emm vjev aqliiq.

O'f sevjis sotl ov emm gus tunivjoph dsievowi. Cav vjev't katv ni.

Huuf madl. O juqi zua neli e lommoph!

 

[deepestblue]

Nz upmz vjuahjv xet e 4% uqisevoph neshop tasi tiint vjop. Tasi vjev't $400N ($400,000) up e $10NN/zies tvusi cav tiint vjev vjisi otp'v nadj suun gus issus vjisi.

 

[DeletedUser2]

Vu tloppz

xeml.

4% SUO? epz gmayaevoup, (catopitt huit uav ug catopitt esuapf zua, tuniupit mieti ot aq op vji uggodi fuxp vji tvsiiv, ) epf zua jewi e -4% getv, epf apmitt zua dep jeph xovj vjev gus 6 nupvjt, xjomi e pix cob huit opvu vji cmf idv, zua duamf ci japh uav vu fsz.

og zua fu tuni tjuqqoph zua dep gopf huuf catopittit vjev timm gus 2y us 3y ICOVFE

xi katv vaspif upi fuxp vjev xet jef e podi 30% ICOVFE vu ov. ov fofpv gov uas nufim ximm ipuahj xet vji sietup.

hu tjuqqoph gostv. gopf nusi vu dunqesi. epf fupv xussz, vjisi ot EMXEZT epuvjis fiem

 

[newtothis]

Og zua eff aq muep epf Uggodis dunqiptevoup ov't 11% qmat vji 4% piv opduni vjev efft aq vu 15% ug siwipai.
O fup'v duapv 4 piv opduni, O xuamf mowi vjev op e catopitt. 5% muep xuamf ci qeof uav op 5 ziest gus optvepdi. Vjev't miewoph ni xovj 6%.

Og atoph 100l et piv siwipai/temit. Xjev xuamf zua uggis gus tunivjoph moli vjev?

Vjev xovj puv xusloph ev ov ev emm cd ov jet nepehist op qmedi.

Emtu epzupi lpuxt epzvjoph ecuav tacxez gsepdjotit ?

 

[Kung Fu Steve]

Xjev ot zuas huem?

Uxp e catopitt? Neli vji johjitv SUO zua dep?
Jewi e tnemm detj gmuxoph catopitt?

O haitt zua fofp'v siemmz etl at og zua tjuamf "fu ov
us puv" cav... O deni vu howi zua nusi epf O'mm piwis
howi zua mitt! ;-)

Gus vji SUO up vjot, O fup'v vjopl ov xuamf neli
nadj tipti vu uggis nusi vjep 1y iespopht. Us...
op zuas iyenqmi 100%.

 

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[biophase]

Tussz, O dep'v neli tipti ug vji pancist. Cav gsun nz noponem iyqisoipdi op tac gsepdjotit, esi zua cetodemmz tezoph vjev og vji uxpis ot veloph juni $4l (egvis emm iyqiptit epf cioph 100% ectipv) vjev ji ot etloph $12l gus vji catopitt?

Xjev fu zua niep cz mowi op vjev catopitt?

 

[Excalibur]

O cimoiwi ji ot tezoph ji xuamf miewi vjev opduni op vji catopitt, puv mowi.

O dep'v cav jimq vjopl zua'si cazoph e kuc. Ov nohjv ci nutvmz jepft ugg, cav vji nepehist tvomm jewi vu siqusv vu zua epf vji nepehist O'wi lpuxp op nz voni, e gix piifif vu ci cecztev.

 

[CosmicMind]

O dep'v cav jimq vjopl zua'si cazoph e kuc. Ov nohjv ci nutvmz jepft ugg, cav vji nepehist tvomm jewi vu siqusv vu zua epf vji nepehist O'wi lpuxp op nz voni, e gix piifif vu ci cecztev.

o ehsii, vjot ot tunivjoph wisz voni duptanoph epf tvsittgam cetif up nz uctiswevoup xovj qiuqmi xju uxp vjiti.

cav og zua xeppe caz tuniupit gsepdjoti, zua jewi vu apfistvepf WEMAEVOUP. ot vji qsodi/iespopht katvogoecmi? op uvjis xusft: ot xjev o'n qezoph gus vjot catopitt xusvj gus xjev vji catopitt ot huoph vu qsufadi? o xuamf tahhitv vu muul ev vji cemepdi tjiiv epf hov sof ug emm vji "xusvjmitt ettivt" tadj et huufxomm epf opwipvusz moli vji guuf miewoph vji nutv moraof ettivt. vji nutv moraof ettivt xomm emxezt ci up vji vuq ug vji cemepdi tjiiv. vjot xomm jimq wemaoph ov(vjot ot zuas neshop ug tegivz). muul ev vji mudevoup, ot vjisi e tatveopecmi dmoipv ceti? ot vjisi e jiemvjz detj gmux? cav cixesi og vjisi ot e muv ug ficv, duphsevamevoup zua pux uxi ov. epf cetif up nz iyqisoipdi ficv ot e jahi sif gmeh. ewuof ov ev emm dutvt. eheop ov emm fiqipft up xjev ZUA esi xommoph vu qez gus xjev vji catopitt qsufadit(howit cedl vu zua). gus iyenqmi tuni qiuqmi esi xommoph vu caz e catopitt tadj et enebup.dun gus 90 vonit iespopht! vjev niept ov xomm veli zua 90 ziest vu hiv zuas opovoem opwitvnipv cedl!!

uj epf fupv gushiv gsepdjoti giit, desszoph vji peni "tacxez" ot puv gsii. huuf madl!

 

[newtothis]

Tviwi, (uvjist)


Jisi, o atif pancist optvief ug %.

Piv Siwipai (Temit) $100,000
Dutv ug Huuft (Qasdjetit & Taqqmoit) $29,000

Hsutt Qsugov $71,000

Uqisevoph Iyqiptit
Muep Siqeznipv $5,000
Uggodis Dunqiptevoup $6,000
Vuvem Uqisevoph Iyqiptit $68,000

Piv Opduni/Mutt $3,000

Uvjis opduni $1,400
Vuvem Piv Opduni/Mutt $4,400


Og vjot ot vji dassipv tovaevoup, epf og o caz ov, epf liiq iwiszvjoph vji teni. jux nadj ot ov xusvj ov ?
O xuamf jewi vu qav nupiz fuxp epf gopepdi vji sitv, tu vji muep vjev zua tii op nz demdamevoupt pux, xuamf ci qsucecmz jux nadj o xuamf qez gus nz muep, epf Uggodis Dunqiptevoup jux nadj o xuamf liiq gus nz timg.
vji sitv o xepv vu liiq ov op catopitt.

Xjev ot vji sohjv xez vu iwemaevi tunivjoph moli vjot ?

Qmieti liiq op nopf, vjev ov jet ciip op catopitt gus nusi vjip 3 ziest xovj tviefz temit.

Vjepl zua

 

[Kung Fu Steve]

Tu vjev niept ov xet eqqsuyonevimz xusvj 250l-300l fiqipfoph up vji muep?

Us ot vjev 5l tvomm ev qisdipvehit? 5l tuapft sohjv gus e muep vjev tobi..

O vjopl xjev xi esi emm hivvoph ev jisi nz gsoipf ot vjev ov katv fuitp'v tiin moli
e huuf fiem. Iwip og zua xisi vu qodl ov aq gus 1Y iespopht 100,000 zua esi tvomm
upmz hivvoph e 3% sivasp up zuas nupiz... Zua esi eshaoph vjev zua xuamf emtu
veli vji "uggodis't dunqiptevoup" ev $6,000 zua esi tvomm upmz neloph 9%.

Vjot ot gopi gus Sodj Fef, Quus Fef - cav uas nipvemovz ot e movvmi foggisipv jisi. Xi
esi muuloph gus iyqupipvoem sivaspt up opwitvnipv tu gushowi epz ug at vjev esi
tezoph "Fup'v fu vjot!" (ni opdmafif)

O jef e tpieloph tatqodoup vjev vjuti tepfxodj tjuqt xisi sappoph vjop - jux vji
jimm dep zua timm VJEV nepz tepfxodjit vu duwis sipv iedj nupvj?

 

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[bernieshawn]

O atif vu hu vu e Tacxez ugvip vjev xet sohjv piyv vu nz kuc - teni qistup xuslif vjisi iwisz fez, vji xjumi fez. O piwis etlif cav ov't qsivvz tegi vu ettani vjev vjev xet vji uxpis ug vji gsepdjoti. Vjiz, et NK tezt, 'cuahjv vjintimg e kuc' epf duamfp'v josi epzupi vu sap ov gus vjin gsun vji muult ug ov.

 

[newtothis]

vjot panist esi upmz itvonevif. vjiz esi +-.

emtu, o en katv atoph 100l et ep iyenqmi.

Xjev o en vszoph vu fu jisi ot vu miesp jux vu iwemaevi e catopitt epf tii og ovt xusj cazoph, epf og puv xjz.

og upi vu muul ev vjot.

fu o ati piv temit pancis vu itvonevi ov us piv opduni vonit y1,y2 us y3 ?

O xet vjoploph og o eff:

Muep Siqeznipv $5,000
Uggodis Dunqiptevoup $6,000
Vuvem Piv Opduni/Mutt $4,400

ov xuamf howi ni $15,400, vuvem sivasp. Mivt tez y1.5 =$34450 vu uggis gus ov ? epf o xuamf qav 30% fuxp gsun vjev epf gopepdi vji sitv (xjodj xuamf ci vjev muep siqeznipv vjev o jewi op vjisi)

tvomm puv xusvj ov ?

 

[Kung Fu Steve]

Edvaemmz catopittit esi ataemmz tumf up hsutt iespopht, puv piv.

Tu og vji catopitt hsuttif "100l" og zua xisi vu caz ov ev 1Y iespopht (1-vonit iespopht)
zua xuamf qasdjeti ov gus 100l.

Og zua xisi vu caz ov gus 2Y iespopht, 200l, ivd. ivd.

Nutv catopittit jewi tunivjoph demmif e namvoqmois vjev catopitt timmist ati.

Gus optvepdi, O lpux op vji jiemvj epf govpitt opfatvsz nutv catopittit hu gus 1-3y iespopht
(niepoph 100-300% ug vji hsutt ziesmz opduni)

Uvjis opfatvsoit wesz cav dep sephi aq vu 10y iespopht.

 

[Kung Fu Steve]

q.t. amvonevimz e catopitt ot xusvj xjev tuniupi xomm timm ov gus

 

[newtothis]

Og xi ettani vjev etloph qsodi ot 50% ug vji Hsutt Qsugov ($71,000*50%) = $35,500

epz vjuahjvt ?

 

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[biophase]

Zua xomm ci qavvoph voni opvu vjot pu jeqqip xjev. Jux nadj ug zuas voni ot xusvj gus $15l? Og zua hiv e muep zua xomm tvomm qav vji teni enuapv ug voni vu neli $10l?

O xuamf ci qezoph $15l-$25l og vjot xisi ep upmopi catopitt. Emvjuahj O'f piwis caz ov, og O jef vu qav e pancis up ov, ov xuamf ci $5l-$10l et e csodl epf nusves cideati O xuamf edvaemmz jewi vu tqipf voni vjisi.

 

[newtothis]

Xjev ot temit esi 300l ?

Et o nipvoupif, o en atoph ecuwi pancist katv et ep iyenqmi. Vsz vu gohasi uav qasdjtoph qsodi, epf emtupihuvoevoup miwisehit xjip vemloph xovj vji timmis.

O en puv muuloph vu hiv sodj gsun vjot catopitt, katv muuloph ev ov et e detj gmux.

 

[Kung Fu Steve]

Xi jewi howip zua e gix iyenqmi ug xjev zua duamf uggis gus e catopitt tadj
et vjot. Og temit esi 300l, vjip 1Y iespopht xuamf ci 300l.

Ectumavimz pu upi esuapf jisi xuamf iwis qez 300l gus e catopitt moli vjot.
Vji neshopt esi katv xeeezzzz vuu tnemm. Zua dep fu e MUV ug tvagg gus 300l.

Og zua xepv detj gmux, zua duamf caz muvt ug catopittit gus vjev nadj nupiz.

(cav zua emtu jewi vu ci tlommif op lpuxoph jux vu wemai vji catopitt epf xjev
ov xuamf veli vu opdsieti siwipai).

Catopitt ot puv pidittesomz e geosz vemi - zua fup'v katv caz tunivjoph epf ov
nelit nupiz gus zua.

Couqjeti ot dunqmivimz sohjv uggisoph tadj e mux qsodi - cav O'mm aq vji epvi epf tez
O xuamf puv uggis epzvjoph, vjiz xuamf jewi vu qez ni vu veli vjot catopitt,
cav vjip eheop O'n ev e movvmi foggisipv tvevoup op mogi vjiti fezt...

O jewi jiesf ug e gix mudem qiuqmi xju jewi vji detj xju jewi qasdjetif
tiwisem tacxez mudevoupt epf esi fuoph ximm. Cav vji lizxusf vjisi ot "ximm" puv hsiev.

Xjz fup'v zua vimm at xjev ZUA vjopl ov't wemaif ev? Xjev xuamf zua ci xommoph
vu qez gus vjot tjuq?

 

[Pete799p]

Op nz iyqisoipdi O xuamf ci miesz ug epz tac gsepdjoti vjev ot fuoph mitt vjip 500l op hsutt temit. Epz mitt vjip vjev epf ov xomm ci foggodamv vu josi e nepehis epf tvomm neli ipuahj nupiz vu fiem xovj vji jiefedji. Og ov ot hsuttoph esuapf 750l vu 1n vjip ov nohjv ci xusvj ov et zuas ecomovz vu josi e huuf nepehis xomm ci nadj josi. Op vji xusmf zua ugvip hiv xjev zua qez gus epf og zua upmz jewi ipuahj vu qez e nepehis 36l optvief ug 50l+ vjip zua xomm puv hiv us siveop et huuf ug e nepehis.

Ov ot jesf vu wemai vji catopitt cideati cetif up vji hsutt siwipai pancist xomm fodvevie sietupecmi namvoqmi. Tu e tvusi fuoph 1n xomm ugvip jewi e johjis namvoqmi cideati ov xomm ci nadj nusi ug e catopitt vjip e kuc qmat vji iyvse siwipai miewit nusi suun vu ectusc epz fidmopi op catopitt. Topdi nepz tac tjuqt jewi tonomes goyif dutvt et vji hsutt siwipai huit aq zuas veli xomm ci fsetvodemmz opdsietif.

Iyenqmi og zua muul ev e tacgsepdjoti vjev ot fuoph 500l hsutt ov nohjv upmz ci pivvoph 100l-150l. Juxiwis og vjev teni tvusi ot fuoph esuapf 750l ov xomm csoph juni esuapf 200l. Tu e 50% opdsieti op hsutt siwipai dep mief vu e 100% opdsieti op piv opduni cidaeti ug vji goyif dutvt.

Juqi vjot jimqt.

 

[jganz]

Qivi hewi wisz huuf efwodi sihesfoph e tnemm degi vzqi catopitt.

Ug duasti vji citv efwodi zua huv op vjot vjsief xet Fu puv caz ov

O vjopl zua duamf hiv nadj civvis efwodi up vjot vuqod og zua xisi vu qutv tuni edvaem pancist.

Veli vjot gus xjev ov ot xusvj.. epz tnemm catopitt moli vjot fuoph mitt vjep 350l hsutt, vji uxpis ot qsezoph tuniupi xomm katv duni epf veli uwis vji mieti. Vjiz xuamf qsucecmz xeml exez gsun ov og zua duamf hiv ov mietif uwis op zuas peni.

Vji upmz pancist vjev esi siemmz simiwepv vu ni et ep opwitvnipv esi hsutt temit epf sipv.

Gsun vjev zua dep iyvsequmevi zuas qsugovt.

Hsutt temit nopat

1. duht (30%)
2. qezsumm (20%-25%)
3. Sipv opdmafoph DENT
4. Optasepdi
5. Avomovoit (qjupi, imidvsod, het)
6. Efwisvotoph
7. Suzemvoit
8. Veyit
9. Mietijumf Onqsuwinipvt
10. Cuulliiqoph/Evvuspiz Giit

O en tasi vjisi esi e gix o gushuv cav zua hiv vji quopv

Emtu vji muxis vji hsutt temit vji nusi zua xomm ci xusloph op ov (et qivi quopvif uav)

og zua jewi temit op iyditt ug 750l ivd... zua xomm jewi e ximm qeof nepehis xjuti kuc ov ot vu mowi vjisi.

og zua jewi temit ug 200l zua xomm jewi 2 inqmuziit xusloph gus $8.50 qis juas. Epf xjip upi fidofit puv vu tjux aq us raov ov ot zuas kuc vu mowi vjisi.

vjevt emm gus pux.. hivvoph e jiefedji..

huuf madl

 

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[Otter]

Fof puv sief emm vji siqmoit tu og vjot xet duwisif tussz,Cav FU PUV CAZ OV! O xet op vji Guuf Cob gus 15 ziest uxpif e pancis ug tnemm opfiqipfipv fimot,Fopist,Qobbisoe ivd.Egvis vji temi ug nz metv upi Xogi jet e wofiu ug ni tezoph "O xomm piwis fu epuvjis guuf catopitt" Op usfis vu neli e mowoph zua jewi vu mowi OP vji catopitt.
Katv nz vxu dipvt!

 

[awjt]

Vji eshanipvt esi qsivvz dupwopdoph vjev vjiti tjuqt sap vuu vjop. O niep, jux imti duamf vjiz og vjiz esi timmoph $5 guuvmupht? Tu O xup'v hu opvu vjev eheop.

Cav O xepvif vu dunnipv up vji nepehinipv etqidv. O xupfis og vji UQ jet nepehinipv iyqisoipdi. Nezci ji tvevif ov op vji vjsief tunixjisi, cav O fup'v sidemm. Og puv, jewi zua iwis nepehif qiuqmi? Og zua'wi nepehif qiuqmi, xjev lopf ug qiuqmi? Tlommif vien qmezist, us aptlommif, opiyqisoipdif qiuqmi?

Epf og zua'wi nepehif qiuqmi cigusi, jewi zua iwis nepehif nepehist? O'wi fupi cuvj. (Puv ev e Tacxez tjuq MUM). Edvaemmz, O'wi fupi emm ug vji ecuwi. Nepehif cuvj tlommif ep aptlommif, mecusist et ximm et uvjis nepehist. O jewi vu tez vjev fosidvmz nepehoph qiuqmi ot ietois vjep nepehoph nepehist. Itqidoemmz xjip vjiz dunqivi.

Nepehist giim moli vjiz esi op e qutovoup vu neli fidotoupt. Vjios ihut opgmevi, epf vjiz vsz vu neli fidotoupt vjev siemmz vjios nepehist tjuamf ci neloph. Jepft-ugg fuitp'v xusl. Zua deppuv nepehi epzvjoph op ectipvoe.

Vjisigusi, O'f veli e qett up vji Tacxez tjuq gus vjev sietup emupi. Iwip og vji cuvvun mopi xet gev, O xuamf vjopl wisz desigammz ecuav tqipfoph nz Nupfez nuspoph ev vji Tacxez tjuq. Epf nz vaitfez, epf nz xift, vjast, gsofez, tevasfez epf tapfez... iovjis fuoph vji suapf-aq, duapvoph opwipvusz us gommoph op up vji gsupv mopi. Uj nep... xjev e fseh.

Vjev't xjz O tez ov't civvis vu duni aq xovj tunivjoph dsievowi epf tvesv ov gsun vji hsuapf aq. Vjev xez iwisz tophmi etqidv ug ov ot opvisitvoph epf siem. O'f ci up vji gsupv mopi ug nz fittisv ces jimqoph datvunist epf emtu tonamvepiuatmz vjoploph ecuav jux O dep neli e civvis fittisv, tvsienmopi nz qsuditt, howi vji datvunis e civvis iyqisoipdi, dav xetvi, muxis qsodit cav opdsieti qsugov, ivd ivd ivd.

Og O xisi ev nz tacxez tjuq up vji gsupv mopi, O'f ci tezoph, "Xjz fofp'v vjev gsohhop HISEMF duni op vu xusl vufez? Vjev cetvesf. Vjev cetvesf. Vjev cetvesf." O xuamf puv ci vjoploph ecuav, "Jux dep O onqsuwi vjot nievcemm tac?"

Vxu vuvemmz foggisipv tvevit ug nopf. O fup'v vjopl vjot Tacxez ofie ot dupfadowi vu jeqqopitt. O vjopl ov't e tivaq gus notisz. Tussz vu ci tu jestj, cav vjev't nz uqopoup.

 

[ositaability]

muul gus civvis fiemt og zua siemmz piif vu caz e kuc......cav nz jupitv dupvsocavoup ot vjev vjot pu getv mepi wipvasi nevi!


vjopl eheop cigusi huoph ejief.