Jessica,
I have been thinking of your potential purchase.
600-800 dozen eggs is that a month?
Will you be wholesaling them?
If you go organic or GMO your production costs rise dramatically.
With that many birds, disease becomes a larger more real problem. How will you address disease without meds? It can be done but at what cost.
I hate to sound negative, but when investing I always go negative first, it protects your bank account. I would ask the most negative people I knew what they thought. They always came up with far out ways a deal can fail.
If you are looking at 800 dozen what is your highest potential monthly income? if you get 4 bucks a dozen, a really high guess, it is only $3,200 a month.
Taking away expenses is that enough for either of you to sell your businesses or quit your day job? It sounds like it would be great hobby income, but the amount seems low for a livelihood.
I know I am being negative, do not think too badly of me.... However, I have found when you buy an existing business you always lose a percentage of the old customers. I always was happy if I could retain 80% long term.
Now on the positive side. Are there many depreciable assets with the purchase? I love depreciable assets. Especially if they are something I can convert to private use after they are nearly zeroed out. ( this could account for some of the reasons I have been audited 18 times) BTW Audits no longer scare me, as I follow the rules to the tee, now.
What is the cost of competing versus the cost of purchasing the existing business? I liked your attitude about a start up. Competition is never anything to be afraid of. Why do you think
Walmart and Target exist in the same markets?
I am sure you have thought of all these things, I am just having my first cup of coffee and rambling.
Now to Neal....
I cannot find your post on my chicken? Was it on this thread? I wanted to read your writings on my BSL when I had more time to devote to it.
Lazy Gardener I had something for you too, but I forgot what it was. A squirrel disrupted my chain of thought by daring to eat at my wild bird feeders and interrupting my coffee time.