I was sat down with about 40 other venders in a meeting with a Big national account one that everyone knows, and they were looking for a way to cut cost. so they pitted us against one another to bid our rates and offer the best service.. Well in what I do I know there was only me and the two dealerships repersenting our industry, and If I keep everything the same I underbid them by about 20% so I think I'm ok there.
But I see a great need for paint and body work as well, and like in my industry the dealerships are the only one's bidding.
This is where it get confusing. I've known a guy with a good size body shop for a while and I spoke with him about this and he's willing to do the work for 60% of the billed labor and I get 40% and the parts mark up for suppling the parts and the (Customer approved business) to work under .. that includes all the epa stuff and the proper insurance the correct county/state paperwork he has that stuff as well but not to the standard in which this national account wishes...
So my question is how do I make him or his company apart of mine with out exchanging ownership of our two companies. We want to keep all aspects of our two companies seperate except this one joint venture.
Can he retain ownership of his company and then work for me?
Just some fat to chew
But I see a great need for paint and body work as well, and like in my industry the dealerships are the only one's bidding.
This is where it get confusing. I've known a guy with a good size body shop for a while and I spoke with him about this and he's willing to do the work for 60% of the billed labor and I get 40% and the parts mark up for suppling the parts and the (Customer approved business) to work under .. that includes all the epa stuff and the proper insurance the correct county/state paperwork he has that stuff as well but not to the standard in which this national account wishes...
So my question is how do I make him or his company apart of mine with out exchanging ownership of our two companies. We want to keep all aspects of our two companies seperate except this one joint venture.
Can he retain ownership of his company and then work for me?
Just some fat to chew
