I really am hoping my boy gets behind it, I want him to vest in 5 years. but with another partner it may not work that way
On Thu, Mar 17, 2022 at 3:30 PM Chuck McCown via AF <af@af.afmug.com> wrote: > 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 >
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