Help! Someone offered me a business
by burtf1951, Creator
- Created: November 12, 2009, 2:15 pm
I just finished meeting with a guy I know who has just built a Tire store, It's a small 3-bay new building that will sell tires - oil changes - brakes. He has all the tire, oil change and brake equipment. The store is fully functional with office and computer. He is willing to order startup inventory, tires, oil etc.
He basically want to hand me the keys to the business and I would pay him a percentage of the profits at months end. I informed him that I wasn't financially able to invest anything into the business. He is willing to cover all startup cost and labor until I can get the business up and going.
He used the word 'lease' which makes me a little uneasy. Now I know this guy and he's straight up, he's just got a lot of irons in the fire. He told me he didn't have time to manage the business, he said 'I'm in the renting and leasing business'.
Not knowing anything about all the in's and out's of running a business, accounting and such, I'm a little apprehensive of what I'd be getting into. He told me to think about it and if I was interested that we would go over the particulars and he's hand me the keys.
Any comments - suggestions?
P.S. Right now I'm unemployed, so it's more than the nothing I'm holding now!
- Community Home
- Discussion Boards
- Tell Us...
- Discuss Popular Topics
- Developer Resources
- Social Media