Here's an interesting thought that fleetingly crossed my mind.
I dropped my car off at the mechanics this morning & he said he was going to sell up in the new year & do something else.
Business now consists of the Name, goodwill & Tools, lease on workshop & customer base.
Guy's been working by himself mostly, so no staff, and no property..
Thoughts: could hire a mechanic (s) & build up sales for a year or two and then re-sell.
Cons: No mechanic, no property involved, customers might melt away when propietor leaves, and original rates I suspect are too low!
Anyone ventured into something like that (GeoffW I know has bought a franchised Subway)
Just a thought noodling around in my head. I have lots of them. Sometimes I catch one and pen it out.
more thoughts: could vendor finance it, if he's willing, and learn the ropes (ins & outs of the business) and hire staff do to the actual mechanical.
I dropped my car off at the mechanics this morning & he said he was going to sell up in the new year & do something else.
Business now consists of the Name, goodwill & Tools, lease on workshop & customer base.
Guy's been working by himself mostly, so no staff, and no property..
Thoughts: could hire a mechanic (s) & build up sales for a year or two and then re-sell.
Cons: No mechanic, no property involved, customers might melt away when propietor leaves, and original rates I suspect are too low!
Anyone ventured into something like that (GeoffW I know has bought a franchised Subway)
Just a thought noodling around in my head. I have lots of them. Sometimes I catch one and pen it out.
more thoughts: could vendor finance it, if he's willing, and learn the ropes (ins & outs of the business) and hire staff do to the actual mechanical.