Office Closets

Is now a good time to buy part ownership into a small business?

I work for a small business in Nashville TN. I am the installer/contractor for my 2 bosses who each own 50% of the business. There are 2 divisions,(custom closets and shutters/blinds)One of my bosses is getting close to wanting to retire and wants to sell his share of the business. I would get a better price than an person outside the company would get. I have worked here for a year and a half and the business is 5 years old. It did about 800,000 dollars in business it's 4'th year, and was projected to do 1.1 million this year if not for the economy's situation. instead it will only make about 500,000. Also, this makes the buy-in-price lower as it is calculated from the previous years revenue. I am 26 years, father of 2, homeowner, old and would get a year or two of good advice from both of my boss before he retires. What questions and concerns should I have before making a decision. I have the option of buying 25% or 50%. Please give me your opinion on any thoughts you have regarding my situation. Thanks

Public Comments

1. I'm 90 miles from Nashville and live on Kentucky Lake. It's a great time and there is a great opportunity available to someone like you. Nothing to sell. Let's talk sometime if you would like, I'm always available. I have 5 children and just recently retired from Southern California.We love it here and Nashville is great also.I have a brain damaged son that we take to Vanderbilt Children's Hospital.
2. You'd need to know how much profit it made, not just how much business it did, to make a judgement.