I really dislike partners that are not my kids. I would not ever give up controlling interest. I have had some 50/59 deals that worked.
Sent from my iPhone > On Mar 17, 2022, at 11:44 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 -- AF mailing list AF@af.afmug.com http://af.afmug.com/mailman/listinfo/af_af.afmug.com
