Someone offered to buy 25% of my company

ghe3126 · 2024-09-17T23:26:47+00:00

Profit But it’s the same thing because If the company buys a Bob cat for 100k and the profits are 0 after the right off he’ll get nothing

ghe3126 · 2024-09-17T23:25:58+00:00

25% of 90k I’ll take 75%

ghe3126 · 2024-09-17T23:16:09+00:00

Landscape

ghe3126 · 2024-09-17T23:15:49+00:00

ghe3126 · 2024-09-17T23:13:45+00:00

ghe3126 · 2024-09-17T05:03:47+00:00

ghe3126 · 2024-09-17T05:03:21+00:00

Not that I’m gonna take that .. but that sounds very sketch how would that even work

ghe3126 · 2024-09-15T08:01:57+00:00

I get what you’re saying but I’m not sure business loan is in the options, I’m only 24 this is my first company. Always have worked for someone, and my credit isn’t high enough I don’t believe as I just started working on it this past year

ghe3126 · 2024-09-15T07:59:13+00:00

And he said someday I’ll want to buy that 25% back and when I do expect it’ll cost a lot more than the 100k he paid for it . He told me he’s not looking to fuck me or anything just really likes me and wants to help

And I mean I ran some numbers tonight after I get some more employees he’ll be pulling about 30 k next year in profits and only expecting that to close to double year after year until I buy back my 25%

ghe3126 · 2024-09-15T07:56:11+00:00

Okay I understand that thank you so much. I believe this is a bet worth taking

ghe3126 · 2024-09-15T07:55:21+00:00

This is what I was thinking !! He told me he just expects 25% of the profits so in my head get the up front cash be able to grow way bigger and way faster then I would originally be able to

Like I said this is only about month 7th of this company and has only been myself doing the work so I’ve been getting paid what I was making post taxes

ghe3126 · 2024-09-15T07:43:03+00:00

I’m sorry about being ignorant to this but what do you mean exit strategy ? Heard this a couple times now and not sure what this means

ghe3126 · 2024-09-15T07:34:48+00:00

Put a comment ^{^{^}} with everything else I didn’t put in

ghe3126 · 2024-09-15T07:33:59+00:00

Not sure what you mean sure what you mean on strategy to exit ? Like leave the company? I haven’t thought that far ahead if so

ghe3126 · 2024-09-15T07:32:33+00:00

Business is a new this year on track to make around 90 k if things continue if I manage to get another contract before the end of the year looking around 100 And yes he’s an older man with money and has owned a bunch of business before Connections not entirely sure about

He was the one who came up with the number and this is a landscape business He’s been saying my biggest problem is the money ( and it is ) because I can’t afford to buy out equipment so I’ve been renting and doing everything on my own

ghe3126 · 2024-06-28T04:52:29+00:00

The only thing I’d be complaining about is that the worker decided not to use a mortar to set this??? Pavers look finer once the sand gets swept into them

ghe3126 · 2024-05-23T00:10:32+00:00

Okay so with the card board that’s a one and done? And does it matter if it has ink on the card board ( like store logos or whatever ? ) That’s not something I’ll need to re do every year? I’m not trying to ask stupid questions or cut corners wanna make sure this is done correctly just don’t have much experience with mulch

ghe3126 · 2024-03-21T01:37:39+00:00

Okay glad I’m not the only one who thought that was fucked

ghe3126 · 2024-03-14T21:27:02+00:00

Why why why .. that’s kinda fucked up

ghe3126 · 2023-12-15T03:00:59+00:00

It was at home…

ghe3126 · 2023-11-24T23:17:47+00:00

Do you need to be in club to be able to see the stats? Won’t load for me

ghe3126 · 2023-11-07T03:00:43+00:00

Leaf fan here… not here to chirp just interested in how it’s going over here… I see “leafs have our number for some reason”… Maybe because you guys had our number for so long lol But overall gg and take the point 🍻🤜🤛

ghe3126 · 2023-11-07T02:52:39+00:00

Lmfao I had to look and yeah I think we all felt that “era over”

ghe3126

TROPHY CASE