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- Dec 8, 2018
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Hi fastlaners,
The point is that a good of friend of mine has a business service and he s doing ok...I mean nothing great but decent but with a huge potential. I know what I could do to improve it significally. My friend is motivated to work together, however I don't like the package is offering me and that s why I need your opinion.
Now, he's making 400 k / year with +/- 100 k in profit, minus taxes = +/- 60k
Untill 2 months ago, he was doing it in private person (sorry I don't know how to say it in english) but due to the high taxes now is has turned into a company (sprl).
The business value has been estimated at 200 k and he borrow money to the bank (200k) under the new company to buy it to himself.
What is offering me: 50% of the company for 100k
A new company making 400k/y with 200k debts
So even if I don't move a finger, I get my money back within 4 years but if I work hard, he'll have 50% of my incomes as well.
There is smthg distrubing me...he has received already 200k and if I take 50% of the company than he'll have 300 k for a business estimated at 200k. A good move for him altough he'll have to split the profit.
I don't know what I could propose him to find an agreement. Of course I couldn't be part of it for free and I need to benefit from his 40 self employed workers network, his knowhow, customers network and reputation he has build for the last 15 years.
So what's your opinion about it and if you have a better idea, I'd be glad to hear it.
I take it or leave it?
Thank you
The point is that a good of friend of mine has a business service and he s doing ok...I mean nothing great but decent but with a huge potential. I know what I could do to improve it significally. My friend is motivated to work together, however I don't like the package is offering me and that s why I need your opinion.
Now, he's making 400 k / year with +/- 100 k in profit, minus taxes = +/- 60k
Untill 2 months ago, he was doing it in private person (sorry I don't know how to say it in english) but due to the high taxes now is has turned into a company (sprl).
The business value has been estimated at 200 k and he borrow money to the bank (200k) under the new company to buy it to himself.
What is offering me: 50% of the company for 100k
A new company making 400k/y with 200k debts
So even if I don't move a finger, I get my money back within 4 years but if I work hard, he'll have 50% of my incomes as well.
There is smthg distrubing me...he has received already 200k and if I take 50% of the company than he'll have 300 k for a business estimated at 200k. A good move for him altough he'll have to split the profit.
I don't know what I could propose him to find an agreement. Of course I couldn't be part of it for free and I need to benefit from his 40 self employed workers network, his knowhow, customers network and reputation he has build for the last 15 years.
So what's your opinion about it and if you have a better idea, I'd be glad to hear it.
I take it or leave it?
Thank you
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