Bob E
Hot Rolled
- Joined
- Sep 25, 2006
- Location
- Middletown, PA
I have an elderly "customer" (in quotes because I like the guy and am honored to be associated with someone with his past achievements...but I make no money from him). I charge him very little for the design and development for a project he's going full speed ahead on and he now has shown there is ample interest in to start generating a return. I have no doubt that the interest is real. The sales from what he wants to do would maybe be $20k/yr. His family has had no interest in his activity for years. I would like to offer a bid to buy this project from him for any further development fees (for which there will be a significant sum). Any advice on entering into a deal such as this? On edit: he's in his 70's, in good health.