Thread: Buying business
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Old 10-10-2006, 05:44 PM
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clc2003 clc2003 is offline
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Join Date: Jun 2004
Location: Ia
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Thanks guys for your input. The reason he isn't selling his equipment is because he only has one ztr and he will use it for his acreage. As far as other equipment, it is all small engine stuff, push mower, trimmers, snow blowers, etc. I forgot to add we are also talking about his snow removal accounts as well as mowing. We have rolled the idea around about putting in one of his plow trucks in the deal. So there isn't any "excessive" amounts of equipment that would make me feel suspicious. I also came up with the idea of buying the snow removal with the truck this fall for X amount of dollars with exclusive rights to the mowing next spring. If customers are still there and willing to come over with me then we will seal the deal. Another perk for me is that he is willing to sell on contract. It works well for me and he is offering a lower interest rate. There is no early buyout penalty and I could also get rid of my old plow truck and get some money out of it with out spending it up front on another truck.
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