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LSUFanHouston
LSU Fan
NOLA
Member since Jul 2009
11449 posts

re: Selling BR Pool Construction Company.. where do I start?
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.


ATLdawg25
Georgia Fan
Atlanta, GA
Member since Oct 2014
4111 posts

re: Selling BR Pool Construction Company.. where do I start?
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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baldona
Auburn Fan
Florida
Member since Feb 2016
6252 posts

re: Selling BR Pool Construction Company.. where do I start?
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.


Cdawg
Houston Astros Fan
TigerFred's Living Room
Member since Sep 2003
49332 posts
 Online 

re: Selling BR Pool Construction Company.. where do I start?
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.


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