Selling my half to partner.
My partner and I have had our company for 5 years now. I have just been offered to buy a business (not landscape related) that I am pretty sure I am going to buy. My partner has agreed to buy my half but we have not come up with a number yet. Tell me what you guys think is fair.
90 accounts that gross $70,000 a year.
8 X 18 Haulmark enclosed trailer
6 X 12 open trailer
1999 62 inch Toro Z-Master (great condition) w/vac setup
1998 36 inch Bunton Bullet W/B (good condition)
1985 60 inch Dixie Chopper (piece of crap but cuts nice worth about $1500)
2000 36 inch Ryan Aerator
2 new T-230 shindaiwa whips
2 new EB7000 Red Max blowers
2000 Tinaka Edger (not a stick edger)
2000 Echo Power Rainger Tree trimmer
97 Echo Hedger (not that great of one)
And all the other little stuff that comes with this kind of business(wheel barrels, grinders, shovels, rakes, etc.)
I also did all of the leg work, ya know,paper work, advertising, bidding etc.
I appreciate any help!