quote:
Because why not sell or hire someone like your brother in law then? Maybe you can't trust him?

Again, if you are truly making $150k net as the owner you could very easily find someone that will do a pay off where they pay you 30% of the net income for 3-5 years. It's a safer option for them, and you make more money. Let's say you do 4 years, that's a win win for everyone.

Risk/reward. Doing as you suggest, if it works out, would result in more money. But there's something appealing to some people to walk away with cash in hand today.

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Posted by ATLdawg25

Atlanta, GA

Member since Oct 2014

4370 posts

Posted on 12/6/17 at 10:59 am to tigerpawl

quote:
Is the $150k net before or after you paid yourself? That's an important question. "Net" would imply after.

did this get answered?

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Posted by baldona

Florida

Member since Feb 2016

20449 posts

Posted on 12/6/17 at 11:25 am to LSUFanHouston

quote:
Risk/reward. Doing as you suggest, if it works out, would result in more money. But there's something appealing to some people to walk away with cash in hand today.

Yeah but building pools is not a business you just walk away from. If OP wants any decent money for it then he's going to have to be pretty heavily involved for awhile because it's going to have to sell to someone without much experience. Why would anyone with experience pay much for this? With OP gone all those subs and vendors will look to do business with his competitors, they aren't just going to quit. The void with him gone will be filled even if no one buys his business.

But OP's business is basically him, put someone else in charge and that could (will) change the business drastically without his involvement.

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Posted by Cdawg

TigerFred's Living Room

Member since Sep 2003

59505 posts

Posted on 12/6/17 at 5:19 pm to baldona

quote:
Why would anyone with experience pay much for this?

They wouldn't. If they do, please put me in contact with them. I know a business for sale

quote:
But OP's business is basically him,

This is the point I'm getting at. Unless his business has been around for at least a generation, the business is worthless without him b/c it's a small operation "briefcase contractor" dependent on his relationships and without any service or equipment and only 350k gross last year.

Not trying to poo poo the OP but if he gets close to that, more pwer to him.