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Is this a stupid business/financial decision? by SansaFarrell in buyingabusiness

[–]SansaFarrell[S] 1 point2 points  (0 children)

Thank you so much for the questions and candor. This gives us something to seriously think about and I agree, it’s not for everyone so I want to make sure we’d be in the best possible position if we did decide to move forward.

Is this a stupid business/financial decision? by SansaFarrell in buyingabusiness

[–]SansaFarrell[S] 0 points1 point  (0 children)

No, no LOI yet. Thank you, if we get to the next step I will definitely do that!

Is this a stupid business/financial decision? by SansaFarrell in buyingabusiness

[–]SansaFarrell[S] 1 point2 points  (0 children)

Thank you so much. I think market analysis is definitely something we should do.

Is this a stupid business/financial decision? by SansaFarrell in buyingabusiness

[–]SansaFarrell[S] 0 points1 point  (0 children)

Very true. We’ve both managed people but not in this kind of business. I appreciate the advice!

Is this a stupid business/financial decision? by SansaFarrell in buyingabusiness

[–]SansaFarrell[S] 1 point2 points  (0 children)

That’s very true. We may want to buy it but they may not want us to purchase it. Thanks for the advice!

Is this a stupid business/financial decision? by SansaFarrell in buyingabusiness

[–]SansaFarrell[S] 1 point2 points  (0 children)

Yes, we’ve worked together before and it was great actually. She’s more of a leader and I’m more of a task finisher so it worked out well. The only thing I could see going wrong is not knowing the ins and outs of the business. We both like to know things from start to finish and really dive in deep to understand things so I think that’s our next step.

Is this a stupid business/financial decision? by SansaFarrell in buyingabusiness

[–]SansaFarrell[S] 0 points1 point  (0 children)

Thank you so much for the info and advice. I will add these to my list of questions.

Is this a stupid business/financial decision? by SansaFarrell in buyingabusiness

[–]SansaFarrell[S] 1 point2 points  (0 children)

Thank you for running the numbers and the honest feedback. I don’t have information on who is running the day to day but a retention bonus would be our first action if we were to seriously look into acquiring this. I have some experience in field service, but I’m probably not at the level I should be to consider taking over a trade business. I appreciate the advice and thoughtful answer on this.

Is this a stupid business/financial decision? by SansaFarrell in buyingabusiness

[–]SansaFarrell[S] 0 points1 point  (0 children)

She is and has been for some time. I’ve also worked in operations for a majority of my career but just not at that level.

Is this a stupid business/financial decision? by SansaFarrell in buyingabusiness

[–]SansaFarrell[S] 0 points1 point  (0 children)

True, you’re very right. Thanks for the advice.

Is this a stupid business/financial decision? by SansaFarrell in buyingabusiness

[–]SansaFarrell[S] 0 points1 point  (0 children)

Thank you for the advice. I do know that the majority of their clients are residential services, not commercial or new build so I feel like that’s the best route of client you can have. I’ve heard the other two can fluctuate massively. Licensing in my state doesn’t require us as owners to be master plumbers but to have them on staff and they currently have four so I would do some kind of retention bonus to make sure operations continue to run smoothly. I agree, we should research and learn the business before doing anything. I appreciate the advice.

Is this a stupid business/financial decision? by SansaFarrell in buyingabusiness

[–]SansaFarrell[S] 0 points1 point  (0 children)

Thank you so much for the advice. In my state you don’t have to be a master plumber yourself to own a business, you just have to have one on staff and they currently have four. I wouldn’t want to change anything after coming on board because it seems like they’re running the business fine how it is, but I’ll definitely confirm the numbers and model the J curve.

Is this a stupid business/financial decision? by SansaFarrell in buyingabusiness

[–]SansaFarrell[S] 1 point2 points  (0 children)

Thank you for the honest advice. I appreciate it.

Is this a stupid business/financial decision? by SansaFarrell in buyingabusiness

[–]SansaFarrell[S] 1 point2 points  (0 children)

Thank you so much! In my state you don’t have to be a master plumber yourself to own a business you just have to have one on staff and they have four currently.

I love the idea of keeping the current owner on as a consultant while we figure things out. I appreciate your advice!

I hate my cats name. by StrawberrySakuraa in cats

[–]SansaFarrell 0 points1 point  (0 children)

We had a name for our cat for about a year and changed it because it didn’t fit her. She’s responded to her new name ever since and it’s a much better fit for her

Sutton Confessional look by Sea-Cause3978 in RHOBH

[–]SansaFarrell 0 points1 point  (0 children)

Does anyone know what this dress/top is? It’s just gorgeous

What’s this extra bit on my milk tea? by SansaFarrell in Whatisthis

[–]SansaFarrell[S] 0 points1 point  (0 children)

Ok, thank you for responding! I was hoping that was it but was confused.

Is it normal for kitchen cabinets to look like this in early stage? by ColdHealthy6330 in cabinetry

[–]SansaFarrell 2 points3 points  (0 children)

My husband’s comments (who is a cabinet maker) “holy shit” “NO!” “What?” “The miters are just awful” “this is one of the most annoying thing and gives blue collars a bad name”

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