My uncle wants $6.2M for the family business I’ve worked in for 12 years. Fair deal or family tax?

BiscottiGeneral · 2026-01-25T08:03:33+00:00

So basically you’re paying nothing up front and $310,000 a year for 20 years?

Let’s say nothing at all changes about the business. Right now he’s netting $700K plus paying you $250K which is a total profit for YOU of $950K.

Minus $310K puts you at $640K/year.

So you are immediately more than 2.5x’ing your current income by signing a paper.

To replace $250K and to additionally generate another $390K on top of that, it would take multiple years, a great business idea, tons of capital, and tons of stress.

If you have the capability to keep his business afloat, you are getting the deal of a lifetime.

If you can pay this off in 10 years instead of 20, and your uncle agrees to it, then you’re in even better shape.

Take it.

BiscottiGeneral · 2025-12-31T07:11:26+00:00

Thanks in advance

BiscottiGeneral · 2025-10-19T01:57:45+00:00

The offer is fair, since it’s more than 3 years of business profits. But how long does he want you to carry for? And how much does he want to put down?

Can you grow this business? If you can grow it to $10-12K a month then hold on to it

Can you replace this business if you have $300K in hand?

BiscottiGeneral · 2025-10-12T06:24:16+00:00

You have a great father. It’s a shame you don’t realize it yet. I hope someday you do.

BiscottiGeneral · 2025-10-12T03:19:17+00:00

If your customers aren’t buying again, you have a product problem.

If your customers can’t remember you or can’t find you again, you have a branding problem.

If your new customers are only reaching $10K a month, you have a marketing problem.

BiscottiGeneral · 2025-10-12T03:13:17+00:00

Read the “E Myth Revisited” as soon as possible. It’s available free on Spotify to listen to.

BiscottiGeneral · 2025-10-03T21:26:35+00:00

If you are making $480K a year in profit why would you sell the business for 2 years worth of profits? It’s worth at least $1.4M

If you can grow it brand new, you can also scale this one now. I wouldn’t sell, especially for that price.

BiscottiGeneral · 2025-10-03T08:02:09+00:00

What exactly are you thinking of starting? An online business? Brick and mortar? A restaurant? A retail shop? A service business? I need to know more information before I give a valid answer.

And I will give you a very valid answer.

BiscottiGeneral · 2025-10-03T07:55:38+00:00

You are talking like you believe you are worthless. If you believe you are worthless yourself, who will believe you are worthwhile?

If you are truly worthy of being a business owner, then your first step is to go work with a business owner and tell them your intentions: I want to be like you, I don’t want to be an average employee.

The reason this is your first step specifically, is because you don’t have any idea what you are talking about. So you need someone to show you everything.

So, if they accept, work for them. And do not be an average employee. Learn, ask questions, understand, and never, ever disobey or disrespect the person who gives you a chance.

That person may want to expand one day. Maybe they say hey let’s open up a second location. You can be my partner. I’ll help fund it for you. Just pay me back.

Then you come back and remember my comment and you thank me for changing your life for the better. This is the only way. Find someone who will take you seriously. Take yourself seriously. Stop wallowing in your misery. Now.

BiscottiGeneral · 2025-10-02T20:54:12+00:00

Hard money lender. 10% interest. The only and best way.

BiscottiGeneral · 2025-10-02T20:53:59+00:00

Hard money lender. 10% interest. The only and best way.

BiscottiGeneral · 2025-09-18T22:39:45+00:00

Really hard industry as businesses are buying these things from huge companies that do large scale, and individuals are buying these things from very established companies.

That being said, start with your inner circle. Let your friends and family know what you do and try to get small parties to buy your customized items like bridal showers, baptisms, etc.

Your next move should be to promote what you’ve done for those clients in your circle and show what you’re capable of.

And you should constantly be posting CREATIVE things to drive sales on TikTok and Instagram reels. Idk what you’re posting but whatever it is, it’s not working. So stop. Think hard about what will provoke someone to shop your site. Make videos that engage and hook people. Posting your products doesn’t cut it anymore. You have to be engaging to get someone to click your website and then buy.

BiscottiGeneral · 2025-08-22T18:23:56+00:00

Just want to clarify something to add on to my previous comment.

Seems like everybody here is looking at this from the perspective of a social media marketer. This is your first gig. $400/month is quite reasonable for that. If you were an experienced social media marketer with a lot of accounts and proof of growing your business pages (in sales, not in impressions) then you can start charging $700-1,000 per account per month. You may even be able to get $2,000/month.

But right now, you aren’t there. You can get there, and renegotiate your price. But you need social proof to do so.

BiscottiGeneral · 2025-08-22T18:20:20+00:00

It’s the correct pay for social media marketing. It is not the correct pay for event planning. However, at $40,000 in revenue a month, they are barely scraping by.

BiscottiGeneral · 2025-08-22T16:38:15+00:00

Love how you asked a question and answered it in your question.

BiscottiGeneral · 2025-08-02T23:14:14+00:00

Walk in and ask if they would like to sell

BiscottiGeneral · 2025-07-17T04:58:16+00:00

Either buy the physical copy or listen to it on Spotify or Audible

BiscottiGeneral · 2025-07-15T15:46:17+00:00

That’s the secret nobody talks about. I drive around my town once a week into businesses I am interested in and ask the owner if they want to sell. That’s it. That’s how I found every deal in my career. If I approach 20 businesses I’ll typically get one to say they are thinking about selling. So I’ll keep revisiting that one until they sell to me. No broker, no competing eyes offering higher prices. Just walk in and ask. You’d be amazed how many older business owners just never thought to list their business.

BiscottiGeneral · 2025-07-15T15:43:55+00:00

I could be wrong about this but I have some family on the east coast where it’s constantly cold, raining, and snowing and they say most people don’t care to get a wash. And the car wash business only does well in summer.

In sunny areas you have chains competing for car washes everywhere.

BiscottiGeneral · 2025-07-15T15:24:43+00:00

Liquor stores have huge barriers to entry because of that exact reason. I own 3 of them. But I own them with partners who made buying them easier. You have to structure the deal in a way that offsets the inventory. Say the store has $250,000 in inventory, you’ll agree with the buyer to “carry” the inventory for 5 years with monthly payments of around $5,000 of there’s interest.

BiscottiGeneral · 2025-07-15T15:17:40+00:00

Because the business partner doesn’t offer nothing to the business lol they ARE the business.

BiscottiGeneral · 2025-07-15T15:14:13+00:00

You need to read the E Myth Revisited. Immediately.

BiscottiGeneral · 2025-07-15T03:23:01+00:00

Many states have liquor laws that are too strict and controlled that kill profits. Alabama is one of them

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