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.
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