John Harber
Eureka, MO (USA)
Role(s):
Founder/Owner/Principal
RTR Roofing, LLC
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Startup
Location:
Eureka
Industry:
Construction
Year Founded:
2003
Number Employees:
1-10 people
Description:
I am looking to buy out an employee to lower expenses and increase profitability. Current revenue is comprised of sales from both myself and this employee. I have been giving him leads which total 1/4 of his sales. By eliminating the employee I can reduce expenses and increase the company profitability. The employee currently is under contract and has a 3 month severance package that would be required. The employee has also loaned the company money that would need to be paid back. Both amounts would be covered by the $50,000.