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Giving away a business !

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  • adonis
    adonis Posts: 1,072 Forumite
    Part of the Furniture 1,000 Posts Name Dropper

    The annual turn over I would imagine is roughly £100000.00 plus. The good reputation, discounts from builders merchants my father had used since the 80s, all this my brother received


    I'd say that your brother helped your father build the business up to what it became. Why didn't you join them if it was highly profitable work? 

    Perhaps the op don't like heights.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    adonis said:

    The annual turn over I would imagine is roughly £100000.00 plus. The good reputation, discounts from builders merchants my father had used since the 80s, all this my brother received


    I'd say that your brother helped your father build the business up to what it became. Why didn't you join them if it was highly profitable work? 

    Perhaps the op don't like heights.
    All sorts of other ways in which to contribute.  ;)
  • motorguy
    motorguy Posts: 22,611 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    J_B said:
    Doesn't look like the OP is coming back anyway - maybe they didn't like what they heard?
    Very often the case.

    I dont see how theres even a business to sell or than the disposal value of its raw assets.  His father was a tradesman.  Buying "a business" off an experienced tradesman doesnt make you an experienced tradesman.  And if you're proficient at your trade already, why would you buy someone elses business given there is no repeat work involved?  Its not like they had ongoing lucrative contracts.

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