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as many of you know i have had 3 strokes and just barely get around any more. i am thinking about renting my shop and business out for $1000.00 a month plus phone & utilities. is that a fair price?
-------------------- Jimmy Chatham Chatham Signs 468 stark st Commerce, Ga 30529 Posts: 1766 | From: Commerce, GA, USA | Registered: Nov 1998
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Jimmy...If you mean the use of all of your facility plus the equipment then it is a bargain for the person renting. IMHO
-------------------- Dave Grundy retired in Chelem,Yucatan,Mexico/Hensall,Ontario,Canada 1-519-262-3651 Canada 011-52-1-999-102-2923 Mexico cell 1-226-785-8957 Canada/Mexico home
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Dave that is for the whole shooting match. thanks
-------------------- Jimmy Chatham Chatham Signs 468 stark st Commerce, Ga 30529 Posts: 1766 | From: Commerce, GA, USA | Registered: Nov 1998
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do they get your customers too? Sounds like a novel idea either way. Will this arrangement help maintain the value of your business for selling it in the future?
Do you hope to be taking over full time use again at a later date?
Would you consider getting a business partner that could pay $1000 per month (on top of a down payment) twords the purchase price of their 49% of the business, & you could be available for an agreed upon amount of guidance &/or office work to earn your percentage of the profits. Then at a later point in time maybe this person will want to buy you out entirely if you want to do that.
I would have jumped at that opportunity in my younger days!! I pay more than that for the mortgage payment alone on our store. Not to mention plotters, edge, computers, legitimate software and so much more. I think the idea of a gradual buy out is great. That way, if you experience some recovery, you can still do the work you love.
PS: Whatewer arrangement you make---GET IT IN WRITING!
[ August 09, 2003, 04:46 PM: Message edited by: Rick Beisiegel ]
""Good judgment comes from experience; and a lot of that comes from bad judgment" - Will Rogers Posts: 3486 | From: Beautiful Newaygo, Michigan | Registered: Mar 2003
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Does sound like a good deal for both parties. Maybe you can chalk up some extra cash helping out or consulting!
-------------------- Mario G. Lafreniere (Fergie) J&N Signs Winter did show up! Posts: 1257 | From: Chapleau, Ontario | Registered: Jun 1999
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at the present i have to turn away work because i am not physically able to do it & my finances are depleted. ithought that this would take care of the bank payments and i could help out with the phone & computer for a little extra money. i want someone that can run the business on their own in case i don't feel like coming in. i have had the business for sale for a couple of years & no buyers. if every thing goes as planned i have close to 200 trailers to do next year in reflective. Robert Davis has come down from bryson city nc and helped me out & bobby hill from here has helped me out a few times.
-------------------- Jimmy Chatham Chatham Signs 468 stark st Commerce, Ga 30529 Posts: 1766 | From: Commerce, GA, USA | Registered: Nov 1998
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Best of Luck Jimmy
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