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Posted by CB on March 7, 2007, 6:08 pm
Hello All
I was wondering if anyone could give me some direction on this. I
have a company I'm looking at combining forces with to make a new.
This company brings to the table a "List" or "Retail" value of tools
of about $10,000.00 of everything from Scaffold, air-hoses,
compressors, sprayers, and a utility trailer. Most of this equipment
is used and approx. 1 year old. I bring to the table my knowledge of
the product, an established customer list, a computer along with
accounting software and my monthly services of updating the
accounting.
As part of the negotiations, this company wants me to pay for HALF of
the "List/Retail" value of the tools as part of the deal. I'm
thinking that, because eventually we'll need more tools, I should take
the Approx. $5,000.00 value and buy NEW tools and more equipment
instead of paying full value of the old.
I would LOVE to hear your thoughts on this!
Thanks in advance
CB ~
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Posted by tmurf.1@juno.com on March 7, 2007, 9:29 pm
> Hello All
>
> I was wondering if anyone could give me some direction on this. I
> have a company I'm looking at combining forces with to make a new.
> This company brings to the table a "List" or "Retail" value of tools
> of about $10,000.00 of everything from Scaffold, air-hoses,
> compressors, sprayers, and a utility trailer. Most of this equipment
> is used and approx. 1 year old. I bring to the table my knowledge of
> the product, an established customer list, a computer along with
> accounting software and my monthly services of updating the
> accounting.
>
> As part of the negotiations, this company wants me to pay for HALF of
> the "List/Retail" value of the tools as part of the deal. I'm
> thinking that, because eventually we'll need more tools, I should take
> the Approx. $5,000.00 value and buy NEW tools and more equipment
> instead of paying full value of the old.
>
> I would LOVE to hear your thoughts on this!
>
> Thanks in advance
>
> CB ~
How much work do you have on the books? Most tools have a predictable
life span depending on how much they are used.
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Posted by RicodJour on March 8, 2007, 12:02 am
CB wrote:
> Hello All
>
> I was wondering if anyone could give me some direction on this. I
> have a company I'm looking at combining forces with to make a new.
> This company brings to the table a "List" or "Retail" value of tools
> of about $10,000.00 of everything from Scaffold, air-hoses,
> compressors, sprayers, and a utility trailer. Most of this equipment
> is used and approx. 1 year old. I bring to the table my knowledge of
> the product, an established customer list, a computer along with
> accounting software and my monthly services of updating the
> accounting.
>
> As part of the negotiations, this company wants me to pay for HALF of
> the "List/Retail" value of the tools as part of the deal. I'm
> thinking that, because eventually we'll need more tools, I should take
> the Approx. $5,000.00 value and buy NEW tools and more equipment
> instead of paying full value of the old.
>
> I would LOVE to hear your thoughts on this!
Sounds reasonable. Then ask him to pony up the money for 50% of the
original retail cost of your computer and software and, since you're
in a good mood, only 10% of the revenue earned in the past year from
your client list. Clients are worth far more than tools. If you have
a client you can sub out the work and still make money and you won't
need any tools. If you don't have clients, all the tools in the world
are worthless.
R
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Posted by CB on March 8, 2007, 12:18 am
I like it!! Thank You for the responses!
CB ~
wrote:
>
>CB wrote:
>> Hello All
>>
>> I was wondering if anyone could give me some direction on this. I
>> have a company I'm looking at combining forces with to make a new.
>> This company brings to the table a "List" or "Retail" value of tools
>> of about $10,000.00 of everything from Scaffold, air-hoses,
>> compressors, sprayers, and a utility trailer. Most of this equipment
>> is used and approx. 1 year old. I bring to the table my knowledge of
>> the product, an established customer list, a computer along with
>> accounting software and my monthly services of updating the
>> accounting.
>>
>> As part of the negotiations, this company wants me to pay for HALF of
>> the "List/Retail" value of the tools as part of the deal. I'm
>> thinking that, because eventually we'll need more tools, I should take
>> the Approx. $5,000.00 value and buy NEW tools and more equipment
>> instead of paying full value of the old.
>>
>> I would LOVE to hear your thoughts on this!
>
>Sounds reasonable. Then ask him to pony up the money for 50% of the
>original retail cost of your computer and software and, since you're
>in a good mood, only 10% of the revenue earned in the past year from
>your client list. Clients are worth far more than tools. If you have
>a client you can sub out the work and still make money and you won't
>need any tools. If you don't have clients, all the tools in the world
>are worthless.
>
>R
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Posted by The Other Funk on March 8, 2007, 12:18 pm
Finding the keyboard operational
CB entered:
> Hello All
>
> I was wondering if anyone could give me some direction on this. I
> have a company I'm looking at combining forces with to make a new.
> This company brings to the table a "List" or "Retail" value of tools
> of about $10,000.00 of everything from Scaffold, air-hoses,
> compressors, sprayers, and a utility trailer. Most of this equipment
> is used and approx. 1 year old. I bring to the table my knowledge of
> the product, an established customer list, a computer along with
> accounting software and my monthly services of updating the
> accounting.
>
> As part of the negotiations, this company wants me to pay for HALF of
> the "List/Retail" value of the tools as part of the deal. I'm
> thinking that, because eventually we'll need more tools, I should take
> the Approx. $5,000.00 value and buy NEW tools and more equipment
> instead of paying full value of the old.
>
> I would LOVE to hear your thoughts on this!
>
> Thanks in advance
>
> CB ~
Seems to me they want the replacement cost of the tools rather then the
present value. Air hoses don't last 5 years but scaffolding may last 20. The
present value of your knowledge is equal to the replacement value. i.e. they
have to find someone else But your customer list may equal multi dollars the
first year.
OTOH if this is a million dollar deal, why argue about chump change.
In short, do what feels right. If you think that this time next year you
will feel that you got taken, don't do it.
Bob
--
--
Coffee worth staying up for - NY Times
www.moondoggiecoffee.com
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