View Single Post
  #7  
Old 08-01-2001, 04:18 PM
Lawn-Scapes's Avatar
Lawn-Scapes Lawn-Scapes is offline
LawnSite Silver Member
 
Join Date: May 2001
Location: Maryland
Posts: 2,813
Quote:
We are 50/50.
50% of the resale value of equipment minus 50% of any business debt.

Is $70,000 total gross sales for the year?

That means your 50% is worth $35,000. The going rate (on this forum) seems to be 10% of gross receipts = $3,500


Quote:
My leaving would mean his income would double next season.
He wouldn't need any help?


Did you guys discuss this possibility when you started up?

Good luck...
__________________
Tom

establishing roots in the community... www.mdlawns.com
Reply With Quote
 
Page generated in 0.04271 seconds with 7 queries