Selling my Business after 25 years..

Discussion in 'Lets talk Business!' started by nusteem, Jun 16, 2013.

  1. ruff
    ruff

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    Ofer Kolton
    The seer from Topeka got it.
    I print it. It's green.
    And it says: "In God We Trust" :redface:

    P.S. You know as well as everybody that I don't have a car. I came to M. Fest riding on a white donkey. http://en.wikipedia.org/wiki/The_Messiah's_Donkey
    Last edited: Mar 22, 2014
    Lee Stockwell and Desk Jockey like this.
  2. Desk Jockey
    Desk Jockey

    Yo I AM MIGHT!

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  3. Beeks
    Beeks

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    great thread, maybe it's a good idea into looking at purchasing another business to help with growth.
  4. rick imby
    rick imby

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    Great thread.

    Hiring someone to buy you out is another option. Kinda like rent to own house selling.

    Set the price up front let them work into 20%-50% ownership over 5 years.

    If they work it as their own and have great work ethics you will make as much in the 5 years as you would have by selling it.

    You want to be really careful in picking this person as you are going to be stuck with them---unless you give yourself an out.
    scottw likes this.
  5. knoxclean
    knoxclean

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    Most cc business's are not worth buying. I have bought 3 over the years and 1 I broke even on 1 I lost money on. The 3rd I just bought the phone number for $700 and it had a small residential list and 12 commercial accounts. I fired 4 of the commercial accounts because the money was too low for the job the rest were fine and made my $700 back in 10 days. The first year that number produced $28,000. Tom had some great info but rarely do you find a cc company that has their act together with all the numbers to make a good judgement on if it's worth buying or not. It still amazes me how many guys still mix their business money with personal money in the same checking account.
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  6. WillS
    WillS

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    Try to sell it to a competitor looking to grow their business. I'm curious how much you are selling it for? I'm not sure if I missed that through all these other messages.
  7. Matt Wood
    Matt Wood

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    I agree with Tom on the business is always worth more to the seller than the buyer, But, the most of the customer base leaving??? I need some proof before making that bold statement. Businesses all around are constantly switching owners, and I think it all depends on how tactful the business stays in it's current image.
  8. Newman
    Newman

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    My personal experience was that most customers gave me a chance to win their loyalty.
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  9. Nomad74
    Nomad74

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    I plan on working until everything I have is broken. Then I'll load everything in my van and push it off the Shasta Dam. Then go home, smash my cell phone, and rip the business line out of the wall. Sit on the couch and die.

    That's my thought process when I think about selling the business. What a pain!
    sOOper hero and Bob Pruitt like this.
  10. bob vawter
    bob vawter

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    Goin on ten years now....
    If I knew retirement was this much fun. ...
    Id'a done it way sooner

    10:00 am...Let's make a deal
    11:00 AM...Price is right
    12:00 pm ...millionaire
    12:30 pm Young and the Restless
    1:30 pm....garage break
    2:00 pm ..Fox news
    3:00 pm...nap
    4:00 pm..Judge Judy
    5:00 pm early bird special
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  11. Nomad74
    Nomad74

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    6:00 pm..Hawaii Five-0
  12. bob vawter
    bob vawter

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    im usually snoozin so i can wake up about 2 or 3 am to keep an eye on this place!
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  13. Nate The Great
    Nate The Great

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    Means he either is up to change his depends or can't hold his pee......:lol:
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  14. hogjowl
    hogjowl

    @

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    If retirement means watching women’s TV shows all day, then I’m not going to retire.
  15. bob vawter
    bob vawter

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    Marty.....please take this comment in the manner it is intended......
    YOU ALREADY SOUND LIK A WOMEN!!!
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  16. Nomad74
    Nomad74

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    I may not make it to retirement. Guys, I’m making some big life changes immediately.

    68208863-78A6-4DE5-8FEC-497CCDF9D331.jpeg
    Bob Pruitt likes this.
  17. hogjowl
    hogjowl

    @

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    Just take the BP medicine.
    If you lose the weight,
    you’ll just gain it back.
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  18. Nomad74
    Nomad74

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    So motivating you are.
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  19. bob vawter
    bob vawter

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    ya they stopped making my Atenolol
    and getting the doc to script something else ain't working

    my wifes BP was 209 over ninety something a few days back
    would NOT go to the hosp...stubborn as they get.
    Nomad74 likes this.
  20. Cleanworks
    Cleanworks

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    Lose the weight. You'll feel like a younger man.
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