Hi All! I have been working out the kinks in a contract with a retiring technician in a new area, where I would move, relying heavily on his client list, active business telephone number, and personal endorsment for my future business. I have sought the advice of several RPTs, and heard figures from $3,000 - $40,000 for such a business transaction. Any real world figures that might lend some aid in evaluating the monetary value of a 25 year tuner/technician business would be helpful We plan to use a percentage system for payment. One model is the "blue skies" fee in which the percentage is paid on gross annual income, arguing that business is brought from his reputation, and that no reliable method can be employed for seperating new business generated by me and my advertising, from old business coming from his client base and their referrals. The other model is a referral based percentage in which a percentage is paid on annual income resulting only from clients on the client list and direct refferals. It is the feeling of some technicians (and some of my family as well) that it isn't possible to sell a piano business assuming no transfer of physical property because it is a sole-proprietorship, and even if an old client trusted the seller, they will check the buyer out against the competition just as they would without the sellers endorsement. So one would do just as well to move into the area, advertise agressively, and pick up those pianos without any payment to the retiring technician. This is not my style but it does raise some issues. thanks so much for your thoughts on the matter! __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com -------------- next part -------------- An HTML attachment was scrubbed... URL: https://www.moypiano.com/ptg/pianotech.php/attachments/20060614/540f2990/attachment.html
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