So my husband wants to buy his fathers mowing business. What my husband has told me is that his father is willing to sell the company and all the tools for $35,000. Which breaks down to about $25,000 for all the equipment (truck, trailer and all mowers) and the rest $10,000 would be the clients. His father said that if he was selling to someone else the price would be different.
The breakdown on the income: He has monthly clients and he has "per cut" clients. All together he makes about $6000 a month during the summer and in the winter about $4500 a month.
My husband is all for it and wants me to be all for it as well; however, i am kind of holding back a little and i do not see why! If he bought this business our monthly income would almost double. Another thing is that his credit is not great so we dont know if he would be able to get a buisness loan for that much. He said if he couldnt he would get in touch with a family friend who would be able to loan him the money with interest.
I dont know what im trying to say here but i needed to ask someones advice and see what we should do. We are tight with money right now as i work 2 jobs and he works 3 jobs. Seeing the numbers makes me think it would be a good idea i just do not want to go more in debt then what we already are.
Submitted September 07, 2018 at 09:25AM by BabyElephants1 https://ift.tt/2MVUtfd
