Today I heard from some co-workers at the company I work at that the owner may be closing the business. Having not seen the books I can not say for sure that it is due to financial difficulty, but having made 2 deposits totaling over 40,000 the last week of 2009, and taking a peek at the deposit register, the company is doing very well as far as revenue goes. On average, the company makes about 120-150k per month with about 20 employees. The company is also reported to have made about 2 million in 2008 per a couple websites.
I think the owner is considering closing the business due to personal issues at the urging of her husband. This is the only company of its kind in the area and therefore has a monopoly; and almost all of the potential clientele in the area use us.
When I moved here, it was my intention to start a small business of my own but quickly realized that it was not an option as this company dominates the area. But now if the company may close it leaves me with some ideas and options.
1. Propose the purchase of the company from the owner.
The drawbacks of this are that in my opinion the company needs some serious restructuring and that it could be very expensive. I would also probably need to stop going to college if I was to take this on seriously.
2. Just ask for her clients in the area if she is going to close anyways.
If she is just going to close the business, someone is going to have to take over. If I could get her clients without buying the business that would obviously be much more economically feasible.
What do you think? How do I propose this?
As far as the fast lane aspect, I would be contracting other people to do the work, I am just the middle man I suppose. We get hired, I hire someone to do it and pay them about 25-30% of the pay and I keep the rest. That may sound low, but that is actually high for this business because the volume of work I would be giving to my contractors surpasses what they would probably get on their own.
Maybe I'm wrong, is this even fastlane?
I think the owner is considering closing the business due to personal issues at the urging of her husband. This is the only company of its kind in the area and therefore has a monopoly; and almost all of the potential clientele in the area use us.
When I moved here, it was my intention to start a small business of my own but quickly realized that it was not an option as this company dominates the area. But now if the company may close it leaves me with some ideas and options.
1. Propose the purchase of the company from the owner.
The drawbacks of this are that in my opinion the company needs some serious restructuring and that it could be very expensive. I would also probably need to stop going to college if I was to take this on seriously.
2. Just ask for her clients in the area if she is going to close anyways.
If she is just going to close the business, someone is going to have to take over. If I could get her clients without buying the business that would obviously be much more economically feasible.
What do you think? How do I propose this?
As far as the fast lane aspect, I would be contracting other people to do the work, I am just the middle man I suppose. We get hired, I hire someone to do it and pay them about 25-30% of the pay and I keep the rest. That may sound low, but that is actually high for this business because the volume of work I would be giving to my contractors surpasses what they would probably get on their own.
Maybe I'm wrong, is this even fastlane?
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