See if he’ll give you a loan with a good interest rate (for him) instead. (6-10%)
If you do give up some ownership I wouldn’t give up more than 25% unless it’s a total 50-50 type work environment. If his only contribution is money and not labor then keep ahold of as much as you can. Good luck! -Sean On Thu, Mar 17, 2022 at 11:46 AM Steve Jones <thatoneguyst...@gmail.com> wrote: > So im buying out a friends business. Not big, small drill and such. Enough > that a guy can get started and build upward. I just am afraid of heights > and want to get lower and build something with my kid. > > I have an interested party that made me an offer, it will get me a second > truck and mini excavator plus a pretty substantial recurring investment, > about 80 percent of what im paying. > > He wants to know what i think is a fair percent for the offe. But i cant > see any way that has a return for him with me retaining any ownership. > > Im projecting best case around 220k revenue in the startup year, and fuel > is laying claim to a pretty big chunk of that. > > This is a guy who tried to recruit me last year, and hes made clear hes > looking to invest in a person. While that is roses, im not sure how it > scales to a return for him. > > I can see buying into an existing outfit, but this just seems to have no > way where numbers make sense. > > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > -- Sean Heskett ZIRKEL Internet • WiFi • Phone • TV 970-871-8500 x100 - Office
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