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Subject: Re: Retiring

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Message Thread:

Retiring

12/13/17       
RobertNH  Member

I'm retiring need to find someone to take my place in Southern NH.

Very nice company, but my time is over.

I do the scheduling, run the estimating department, work with accounting, Project Manage as required, well almost everything but in the field..

Deal mostly with Millwork on a Union basis.

Advise as to how to go about this?

12/13/17       #2: Retiring ...
rich c.

Advice on retiring or replacing yourself? I'd say one is your problem, the other is theirs! Your part is the easy one, gets better each year you are out!

12/14/17       #3: Retiring ...
Paul Miller

Website: http://MCCWOODWORKING.COM

Talk with your Accountant. He or she will have some idea about the Value of your business. They will probably also know of businesses that market businesses.

There is SBA financing available. Closing costs are high, but interest rates are low. You may have to take back a second on the sale. If staying on for a period becomes part of the package, make that a totally separate deal. I knew of a guy that sold his business and as part of the total package, he was to stay on for five years at a pretty healthy figure. They lowered the purchase price with his staying on and then fired him after two years.

12/14/17       #4: Retiring ...
rich c.

Confused, is this your nice company, or do you work for this nice company?

 

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