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Old 02-08-2013, 08:43 PM
djagusch djagusch is online now
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Join Date: Mar 2006
Location: MN
Posts: 3,431
Quote:
Originally Posted by danillac View Post
what were the terms your two deals in last 12 months? You think there is truth to equipment + 1 months's accounts equation?
1 was a set purchase price. 20% down and a payment schedule. My net paid the deal off in less than a year. Most was equipment/inventory. It was a irrigation biz. It worked well. I use to sub my blowouts and some plowing to him and had a good working relationship.

2 was a lco. no equipment bought. % of sales till xyz amount was paid (will be drawn out for 2.5ys about). Nice thing was I could dump accounts that did pay well and didn't affect my bottom line or his.
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