Originally Posted by SaphCos4x4_Dan

right guys,
me and a guy ive known a long time and worked with are thinking about buying a garage/mot centre...
its basically 40k so 20k each..
both me and him have been in the trade 15 years each
hes got his own unit and small customer base at the moment
i can finance the other 20k if he can

anyway the place ive been looking at looks good and all the fixtures and fittings are included in the sale (i reckon about 30k worth of stuff)

hes an old boy whos built up a loyal customer base over the last 30 years, hes now 68 years old and wants to retire...

basically i can get the finance off my family for my half, im just waiting for him now... ive looked over this guys books and they balance, i mean they break even... im absolutely convinces hes siphoning cash out the business without a papertrail and its obvious by the books... he's just bought himself a brand new yacht ffs..

so i can buy the customer base as a good will basis, and all the fixtures and fittings inside the building are included, no finance

rent is 12k a year

looked through his diary and hes doing a legitimate 45 mot's a week @£54

i will be the majority and he's the minority..

what do you guys think???

can supply more details if necessary