Originally Posted by kornstar369
for that income...i'd love to be my own boss!
Exactly. Not a lot of income, the guy is taking the name and probably all of the clients to his other store. You're left with some business tools and a lease obligation for $35 grand.
If I was looking for that, I'd be pricing out the machines or tools, whatever, at current market prices, because that seems like all you're getting.
That deal should include a client list for that location and a two year non-compete clause indicating that he isn't going to scoop clients from that storefront to his.