rangerdanger
TreeHouser
So we've been on and off this year with finding a patch of land to set up shop and have a place to dump and process material. We found a sweet spot this past spring, a little over two acres, good location, and a great price for the area. Problem was it was zoned wrong. So we kinda kept looking, but never found anything as good, most everything else was way out of budget(generally, its at least $100k/acre for commercial or industrial zoned land here, this property was zoned ag for $45k). So anyways, a few days ago Dad was on a bid for a client of ours and got to talking with him, turns out this guys specialty is rezoning land, he knows all the right people to talk to, has the connections, etc. Dad showed him a printout and explained it all, and the guy said it shouldn't be a problem at all to rezone that, that he deals with stuff like this all the time and a little 2 acre plot isn't a big deal.
Back on track, I had a few questions I had hoped some guys or gals could answer or give some insight on.
1. This guy(who we know well, as well as good friends of ours know well and has a great rep) is very confident is being able to rezone this property should we: Try to buy it before rezoning below their asking price(its been on the market over a year now, as its kind of a useless piece of land zoned as it is for its size, plus its on a corner between two roads backing up to an interstate, so it doesn't connect to a larger piece of land) and cross our fingers hoping the rezoning goes well, which it should as we trust our guy quite a bit. Or should we put an offer on it with the condition that we buy it and pay X amount if the rezoning goes through.
2. Should we purchase it under the business name, our name, or even start another company and purchase it under that name? Two reasons I ask are we are looking to run a yard waste recycling center out of here, and Dad and I think it'd be better to have that separate from the tree side, so other tree care companies who dump there wouldn't be dissuaded from giving more money to the competition in town. I read in a few magazines as well, having the land under another name gives the business another avenue to shed profit, by paying rent or whatever to that person or company. Make sense?
3. Finally, this last one Dad and I kind of butt heads on. We're coming up into winter here, which is normally a rough time for us, but this year we have a decent bit of winter work stacked up, enough to see Dad and I through without scrapping by or missing payments I think. But he's cautious and wants to wait till spring to move on the land. I think we should move on it now, as it'll put us ahead of the game in spring when its time to mulch, as we can buy bulk and actually make a better profit on it then buying by the scoop. As well as, a few of the tree care guys stay busier than us in winter, so their dump fees for the winter would at least cover whatever monthly payment we would have on it. Not to mention, a friend is looking to start a small milling gig and needs a place to store some logs/lumber etc, and we'd have a good place to set up our firewood side of the business as well for the winter. Just seems like a better business decision to me to move on it now, but what do you guys think?
Back on track, I had a few questions I had hoped some guys or gals could answer or give some insight on.
1. This guy(who we know well, as well as good friends of ours know well and has a great rep) is very confident is being able to rezone this property should we: Try to buy it before rezoning below their asking price(its been on the market over a year now, as its kind of a useless piece of land zoned as it is for its size, plus its on a corner between two roads backing up to an interstate, so it doesn't connect to a larger piece of land) and cross our fingers hoping the rezoning goes well, which it should as we trust our guy quite a bit. Or should we put an offer on it with the condition that we buy it and pay X amount if the rezoning goes through.
2. Should we purchase it under the business name, our name, or even start another company and purchase it under that name? Two reasons I ask are we are looking to run a yard waste recycling center out of here, and Dad and I think it'd be better to have that separate from the tree side, so other tree care companies who dump there wouldn't be dissuaded from giving more money to the competition in town. I read in a few magazines as well, having the land under another name gives the business another avenue to shed profit, by paying rent or whatever to that person or company. Make sense?
3. Finally, this last one Dad and I kind of butt heads on. We're coming up into winter here, which is normally a rough time for us, but this year we have a decent bit of winter work stacked up, enough to see Dad and I through without scrapping by or missing payments I think. But he's cautious and wants to wait till spring to move on the land. I think we should move on it now, as it'll put us ahead of the game in spring when its time to mulch, as we can buy bulk and actually make a better profit on it then buying by the scoop. As well as, a few of the tree care guys stay busier than us in winter, so their dump fees for the winter would at least cover whatever monthly payment we would have on it. Not to mention, a friend is looking to start a small milling gig and needs a place to store some logs/lumber etc, and we'd have a good place to set up our firewood side of the business as well for the winter. Just seems like a better business decision to me to move on it now, but what do you guys think?
