Advice needed on buying piano tuning business

[Farrell]

Hello. I bought a small business from the wife of a tuner that died a few years ago. Basically, I just got a box of index cards. We went through the records and totaled up the gross income over the last year. We divided that number by two, and that was the price I paid for the box of cards. The wife also sent a letter to each customer saying that the former tuner had died and that Terry Farrell would be happy to serve you in the future.

It worked out pretty good. I have tuned about 75% of those pianos, many several times now. I think it was a fair deal - any more and it would not have been great for me, any less and the family would have been short-changed.

Hope this might help.

Terry Farrell
  
----- Original Message ----- 
From: "Vanderhoofven" <dkvander@joplin.com>
To: <pianotech@ptg.org>
Sent: Sunday, July 14, 2002 8:26 PM
Subject: Advice needed on buying piano tuning business


> Dear Friends,
> 
> I would appreciate advice on buying a piano tuning business from another 
> local tuner.  I need to make a decision in the next day or two.  Please 
> respond privately, not on list.
> 
> Thanks in advance.
> 
> Sincerely,
> 
> David Vanderhoofven, RPT
> Joplin, MO
> 
>