He does have labor, but its commercial alarm, structured cable type labor, i dont know that hed be able to keep staff sending them out for shovelwork. He gains access to underground, has some benefit to him on the commercial work, but limited to specific project work. He wants my brains, i want to spend my time putting pipe in the ground, shoveling dirt and weaseling my way into dark fiber with my kid. My brain is tired, and i really have gotten to the point i despise the sound of networking equipment fans. I see that presenting a clash in a partnership.
I can take more work with more equipment for sure, but then i just need more equipment, id kind of prefer to spend a year doing things the hard way, its not like theres gonna be less pipe laying to do next year. I really want to just build a stable thing up for my family til im seventy and can afford to work my dream job cooking in a bar kitchen, i wish i could afford to do that now. Either way im pretty excited that i get to transition from going broke by the hour to doing it by the foot. On Thu, Mar 17, 2022, 1:44 PM Sean Heskett <af...@zirkel.us> wrote: > 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 > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
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