I know a guy that has massage chair at a large bowling alley about 40 minutes from me. I have been nagging him to sell it to me for a year but he didn't know how much he made from it, they just mail him a check every few months. I told him i would give him $1000 cash right now, he finally said ok.
He allows them to keep 50% of the revenue though! The chair has grossed $4400 dollars in three years, he gets half, so $2200, or about $760 a year. I think $1000 i have offered him is sufficient, maybe too much? Maybe offer $850?
Also, should i try renegoating terms with the owner of the business? I would rather handle the money myself and go in and collect and pay them each month. I was thinking maybe i could convince them to lower the commision to 25% and let me put a second chiar in another location in the building?
let me know what you guys think.
The chair is from thebackrubber.com if you were wondering what model.
Thanks