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@Oliver Schick
Knowing Rob (Sargent), I suspect any worries about him trying to take advantage of an 'employee' are rather premature. He's a great guy and very easy-going, and it is perhaps for reasons of preferring informality that he goes for this approach. Am I right, Rob?
Clearly, this wouldn't suit everyone. Some people prefer straightforward traditional employment, but I can imagine that there may be someone who may look for just such an arrangement, e.g. the many people looking for workshop space to realise their cycling project.
That said, I don't know much about the bike trade, so ignore me if that's nonsense. I can confirm, though, that you're not dealing with some faceless corporate monster, but a man who is extremely passionate and genuine about classic steel frames, and if you're as much of a fan as he is, I can't see why you wouldn't get on with him.