MCH Posted March 28, 2012 Report Share Posted March 28, 2012 On Friday, I sign papers to buy Express Wheel & Tire here in Idabel, Oklahoma! As of Monday, April 2nd, I will officially be a business owner! I plan on keeping my current job and letting a friend of mine run the business for me. I will be there after work everyday to do the books, pay the bills and etc. The business is very profitable so I'm pretty excited about its potential. Quote Link to comment Share on other sites More sharing options...
Ravin R10 man Posted March 28, 2012 Report Share Posted March 28, 2012 Good Luck, hope your friendship stays intact, and the business does well Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted March 28, 2012 Report Share Posted March 28, 2012 Sounds like a good deal for you Kevin. Hope it all goes well for you. Quote Link to comment Share on other sites More sharing options...
Tominator Posted March 28, 2012 Report Share Posted March 28, 2012 Good deal Kev. Hope it works out for you. Hey, if I lose my job, will you hire me? Quote Link to comment Share on other sites More sharing options...
MUDRUNNER Posted March 28, 2012 Report Share Posted March 28, 2012 Congrats Kevin! Good luck with it, man! Quote Link to comment Share on other sites More sharing options...
redkneck Posted March 28, 2012 Report Share Posted March 28, 2012 Cool! Best wishes Kevin, don't forget us little people when you go nationwide lol. Quote Link to comment Share on other sites More sharing options...
deer slayer Posted March 28, 2012 Report Share Posted March 28, 2012 Good luck man, hope every thing goes well! Quote Link to comment Share on other sites More sharing options...
RangerClay Posted March 28, 2012 Report Share Posted March 28, 2012 Congratulations!! I also hope to have my own very business soon. Good luck to you! Quote Link to comment Share on other sites More sharing options...
MCH Posted March 28, 2012 Author Report Share Posted March 28, 2012 Good deal Kev. Hope it works out for you. Hey, if I lose my job, will you hire me? In a heartbeat bud! You know if people know anything from Ohio, they know about big bucks! And that's what I'm trying to make! LOL Quote Link to comment Share on other sites More sharing options...
MCH Posted March 28, 2012 Author Report Share Posted March 28, 2012 Good Luck, hope your friendship stays intact, and the business does well That's one of my concerns(friendship). But we've both come to a mutual agreement. He will be on salary, plus he will also split any profits with me. But as far as ownership of the company, he will have to put in the time. According to our LLC agreement, he earns 10% ownership per year until the 5th year and he will get 9%(for a total of 49%). If at anytime during the 5 years he decides to bail, I will only owe him a percentage of our total net worth. Quote Link to comment Share on other sites More sharing options...
The_Kat Posted March 28, 2012 Report Share Posted March 28, 2012 Gonna need a set of tires in about a month before I head to Colorado! Quote Link to comment Share on other sites More sharing options...
Jeramie Posted March 28, 2012 Report Share Posted March 28, 2012 Thats great! Ive always wanted to own my own business. Congratulations and good luck. Quote Link to comment Share on other sites More sharing options...
Adjam5 Posted March 28, 2012 Report Share Posted March 28, 2012 Congrats! Hope it all works out and your plans really take off. I admire your drive( no pun intended) to get out there and make something happen instead of waiting for something to happen. Quote Link to comment Share on other sites More sharing options...
bowhunter97 Posted March 28, 2012 Report Share Posted March 28, 2012 good luck hope it all works out Quote Link to comment Share on other sites More sharing options...
Shaun_300 Posted March 28, 2012 Report Share Posted March 28, 2012 Good luck Kevin, hope everything works out for you man! Quote Link to comment Share on other sites More sharing options...
MCH Posted March 29, 2012 Author Report Share Posted March 29, 2012 Thanks everyone! I've got a great location(right across the street from the only McDonald's in town...LOL) and a hardly any competition. There's two more tire stores but they're more of a "shade tree" mechanic type. Express has a nice office and waiting area. Has an air of "professionalism" that the others don't. Plus the sales are about double the other two. Kyle--let me know what tire you need and I'll see what I can do. Wish you could wait until hunting season, then you could have a reason to make the drive! Quote Link to comment Share on other sites More sharing options...
cowboy778 Posted March 29, 2012 Report Share Posted March 29, 2012 That is so awesome. Congrats your buddy is getting a good deal as well you could of just hired him as a manager. Sounds like you will do well and a good investment. Quote Link to comment Share on other sites More sharing options...
bbarcheryhunter Posted March 29, 2012 Report Share Posted March 29, 2012 Hope all goes well !! Being a boss myself as my workers call me is a challenge but it can b well worth it .i wish u gods blessing on your business Quote Link to comment Share on other sites More sharing options...
OKstate Posted April 10, 2012 Report Share Posted April 10, 2012 Good luck on the new business! Hopefully you can find that work/life balance that everyone strives for! Quote Link to comment Share on other sites More sharing options...
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