[OpenSights]

He wants to sell, and health wise, needs to. I’ve said this before. He now has an offer of $50k cash up front and probably three months until the buyer gets his master’s license and contractors license. I’m sure there will be other stipulations.

My Master mentioned buying my business, buying a jetter, one more truck, and basically own a drain cleaning business with me as his employee?

I definitely have some terms! I’m on the fence. There has to be one more competent guy I can train. We know one, but he’s either going to work for the guy or work for his uncle in HVAC.

I want to keep my customers, and the ability to charge my price minus overhead.

Lots to think about.

 

[skoronesa]

He wants to sell, and health wise, needs to. I’ve said this before. He now has an offer of $50k cash up front and probably three months until the buyer gets his master’s license and contractors license. I’m sure there will be other stipulations.

My Master mentioned buying my business, buying a jetter, one more truck, and basically own a drain cleaning business with me as his employee?

I definitely have some terms! I’m on the fence. There has to be one more competent guy I can train. We know one, but he’s either going to work for the guy or work for his uncle in HVAC.

I want to keep my customers, and the ability to charge my price minus overhead.

Lots to think about.

Do you have a license or are you the guy getting your masters in 3 months?


.

 

[OpenSights]

Do you have a license or are you the guy getting your masters in 3 months?


.

I own my drain cleaning company licensed and insured. I sub contract for my master as a laborer legally. Mostly I work for him because of our friendship. If it wasn’t for me he couldn’t replace a heater.

 

[Tango]

I don't get it, the guy you work wants to sell his plumbing business so he can buy a drain cleaning business instead??? So what changes you are still the employee.


Then maybe a new guy buys your boss' business? You wrote something like it some time ago.

 

[Debo22]

I think it would be tough to go back to being an employee after running your own business. Even tougher being an employee in the business you built.

Possibly have him invest in your business as a minority owner so you still get to make all the decisions.

 

[Tango]

I think it would be tough to go back to being an employee after running your own business. Even tougher being an employee in the business you built.

Possibly have him invest in your business as a minority owner so you still get to make all the decisions.

Going into business with another guy is never a good idea, where I come from there's always 1 of the 2 who slacks off and cheats the other. Being a minority doesn't it make the other guy your boss and veto every idea you have?

 

[Debo22]

Going into business with another guy is never a good idea, where I come from there's always 1 of the 2 who slacks off and cheats the other. Being a minority doesn't it make the other guy your boss and veto every idea you have?

A lot of different ways to structure the partnership. OpenSights can have the guy be a silent partner where he has no say or structure it where OpenSights has final say being majority owner.

 

[Debo22]

A lot of different ways to structure the partnership. OpenSights can have the guy be a silent partner where he has no say or structure it where OpenSights has final say being majority owner.

Also if his master can’t lift a water heater by himself he sure as hell isn’t going to be humping drain machines down basement stairs. OpenSights will still be doing all the work. Might as well have him be an investor only.

 

[The Dane]

I'm pretty sure you guys misunderstood it. Opensights boss wants to sell his plumbing business. His boss does NOT want to buy opensights draincleaning business.

Opensights boss had suggested to his potential buyer that the buyer could think about also buying opensights draincleaning business as well so he could basically between the two companies he would acquire have a full line of services to offer and therefore be up and running with 1 or 2 employees right away instead of buying only the plumbing business and basically just be a 1 man show.

Or maybe I probably misunderstood and his boss wants to buy his business and expand on it and just be the boss in the office and opensight the field guy.

Sent from my SM-G970U using Tapatalk

 

[Plumbus]

Not being familiar with MI state law, I'm a bit confused. You have a business of your own but lack a master's License? You mention contractor's license. Does one need both a master's and contractor's license in your state?
Why don't you get your master's license and eliminate the need for another mouth to drink from your trough?

 

[Tango]

Not being familiar with MI state law, I'm a bit confused. You have a business of your own but lack a master's License? You mention contractor's license. Does one need both a master's and contractor's license in your state?
Why don't you get your master's license and eliminate the need for another mouth to drink from your trough?

He has a thread in the lounge or something with a similar story and he explains what he can or cannot do. Just not sure where the thread is.

 

[OpenSights]

I'm pretty sure you guys misunderstood it. Opensights boss wants to sell his plumbing business. His boss does NOT want to buy opensights draincleaning business.

Opensights boss had suggested to his potential buyer that the buyer could think about also buying opensights draincleaning business as well so he could basically between the two companies he would acquire have a full line of services to offer and therefore be up and running with 1 or 2 employees right away instead of buying only the plumbing business and basically just be a 1 man show.

Or maybe I probably misunderstood and his boss wants to buy his business and expand on it and just be the boss in the office and opensight the field guy.

Sent from my SM-G970U using Tapatalk

Kinda yes and no. Really haven’t talked details. He’s a very good business man. If something isn’t a steal of a deal for him, he’s not interested. He wants to run the phone and billing, which is fine with me. Handle the insurance and other overhead expenses, truck registration, insurance on that....

He is also thinking of expanding, sell my ‘97 cube and upgrade to newer single axle cubes. Buy a jetter, hire someone else.

Not being familiar with MI state law, I'm a bit confused. You have a business of your own but lack a master's License? You mention contractor's license. Does one need both a master's and contractor's license in your state?
Why don't you get your master's license and eliminate the need for another mouth to drink from your trough?

In Michigan all you need to be a drain cleaner is to have a DBA, Or whatever and insurance. To “change the plumbing system” you need a master’s license. I can legally change a kitchen faucet, lav faucet, garbage disposal, toilet, sump pump, leaking tee, copper, galvanized etc. handyman sh!t.

To be a plumbing company here you need both a master license and a contractors license to be legal, obviously insured and everything.

I have more to write, but the wife is getting anxious for dinner out.

 

[OpenSights]

Skoro saw it, but... https://www.plumbingzone.com/f13/thinking-about-new-toy-86692/#post1249462

I’m interested in the bit of work that comes in to me every week. I’m 42, I haven’t been good to myself over the years. Against my dad’s advice and everyone else’s, Superman and young, dumb and full of.... You know...

I want to work a few days a week. My body is hurting, sometimes from no reason. Currently I have a rib on my left side that I dislocated about 5 years ago that pops up every year to say “Hey, remember me!!!?” Bad knee from the Corps, bad “tennis elbow” that came out of nowhere! Few other things...

As long as I keep three or more customers I can continue to be a subcontractor and maintain my DBA.

Doing this, keeping my business name and DBA, (not to mention tax) I can also become an employee and work hours for my journeyman license and continue replacing heaters and a few other things legally. I don’t want to do DWV or major repipes by myself. I can do it, but my Master and I have have a system. By myself 2X the time if not a tad more. Usually we have the new one heating up before the old one’s drained.

From drain cleaning I’ve handed over lots of work to my master! Usually I do most of the work, but he has that piece of paper that says he can do it.

Honestly, I like drain cleaning more than plumbing. Plumbing I can do, I’ve had to do. Cleaning is my passion. I want to go to a job once, figure it out, fix it, collect or bill and done.

This is not a deal going through next week. I have to think about it, he has to think about it. We have to find an employee that’s willing to learn cleaning and be able to work. I have one from here, but he’s an hour away last I knew.

 

[skoronesa]

......We have to find an employee that’s willing.......

That right there is the hardest part. I have seen my boss struggle time and time again with people who seem good and then just don't hold up. At the end of the day I think most of the reason the trades get the pay rates they do isn't because of our skill per se, but the willingness and follow through to do the job well day after day for years.


Many have the knowledge and skill to do it a couple times. Many men have garages and basements full of tools. Very few manage to use those tools five days a week for their intended purpose. Many men don't have the azz to cash the checks their mouths write.





.

 

[Plumbus]

My success rate with employees in about 10%. And, I don't just hire anyone. About to let another loser go today.

 

[Tango]

The reverse is also true, the companies I worked for only a single one or 2 treated their employees with a degree of respect and I mean a degree because when I worked for one of them 15 years later he tried to cheat overtime and didn't pay for overtime meals. What's up with trying to cheat your employee for 100$ when the boss own mansions, own sports cars and eat out at 150$ a plate?

Over here if you are an excellent plumber who does exemplary work and shows up every day you'll be the first one to get the boot. Champions who are fast, who cut corners and dress and act like vagabonds are preferred by companies.

 

[OpenSights]

The reverse is also true, the companies I worked for only a single one or 2 treated their employees with a degree of respect and I mean a degree because when I worked for one of them 15 years later he tried to cheat overtime and didn't pay for overtime meals. What's up with trying to cheat your employee for 100$ when the boss own mansions, own sports cars and eat out at 150$ a plate?

Over here if you are an excellent plumber who does exemplary work and shows up every day you'll be the first one to get the boot. Champions who are fast, who cut corners and dress and act like vagabonds are preferred by companies.

There are bad companies like that too here. I once worked for a guy, even ran his business while he was away. I went from 50-80+ hours a week to 30 if I was on call. Kid, mortgage, started looking for anything to pay the bills. He showed up one day. “I heard your looking for a new job, here’s all your tools (minus a bunch including a super vee) and I won’t fight your unemployment.”

 

[MACPLUMB777]

Back in 2201 I worked for a R.R. Franchise at the top of WA. State,
run by a Woman, so when I Quit to move on to a better paying job,
she and her grown son watched me unload my tools, she was surprised to see how many and much different Tools that I had on there truck,
She turned to her son and said they would have to make a Company Rule
nobody is to have more then personal hand tools on the trucks anymore !

She was worried that I might take some of the shop tools off the truck :vs_OMG:

 

[ShtRnsdownhill]

He wants to sell, and health wise, needs to. I’ve said this before. He now has an offer of $50k cash up front and probably three months until the buyer gets his master’s license and contractors license. I’m sure there will be other stipulations.

My Master mentioned buying my business, buying a jetter, one more truck, and basically own a drain cleaning business with me as his employee?

I definitely have some terms! I’m on the fence. There has to be one more competent guy I can train. We know one, but he’s either going to work for the guy or work for his uncle in HVAC.

I want to keep my customers, and the ability to charge my price minus overhead.

Lots to think about.

do NOT sell your business.....you lose all control and where your future is going...if he doesnt want to be an employee to you then let him find another way...you WILL regret it in short time...

 

[bawalter]

I have seen my boss struggle time and time again with people who seem good and then just don't hold up.

The biggest issue I have found is the hiring process. I could do a whole thread on hiring. It takes, on average, two months and 4 interviews to get hired by us. And this is for an entry level position in a small town.