Mikey P
Administrator
found this on a social site...
A friend is moving out of state and he offered to sell his business for $8,000 this includes the van/equipment and the website. The business has a $700/month contract to clean a local business. The equipment is worth at least twice that and if I dont want to buy it from him he would piece it out. I do have the money to buy it from him but it would leave me with 1 months worth of cash. The catch is that I currently work for a nation wide carpet cleaning business and have signed a non-compete agreement, also in the winter the industry slows down about 60%-70%. I usually get laid off in the winter anyways from my current carpet cleaning job. What are your thoughts and if you were in my shoes would you buy it. I am 23 and going to school in the winter.
A friend is moving out of state and he offered to sell his business for $8,000 this includes the van/equipment and the website. The business has a $700/month contract to clean a local business. The equipment is worth at least twice that and if I dont want to buy it from him he would piece it out. I do have the money to buy it from him but it would leave me with 1 months worth of cash. The catch is that I currently work for a nation wide carpet cleaning business and have signed a non-compete agreement, also in the winter the industry slows down about 60%-70%. I usually get laid off in the winter anyways from my current carpet cleaning job. What are your thoughts and if you were in my shoes would you buy it. I am 23 and going to school in the winter.