Jerseytunahunter
Dryer sheet aficionado
Hey guys still fairly new to the forum but enjoying my stay. I'm a business owner and did a search on this topic but did not find any threads. This surprised me as I would assume a fair amount of people who FIRE are business owners that built wealth over time. My wife (56) and I (57) could retire today but we both enjoy what we're doing. We're looking at selling the company in 2022, I would have to stay on for 1 year. A little back round I'm a contractor with 70 employees. This is our 38th year in business. I've been building the company to operate without me as much as possible so I'm no longer grinding every day. The reason I want to sell is to cash my chips. This has literally been my life's work and I need to make sure my exit goes well or I'd be very disappointed. I'd like to hear from other owners, what did you learn, what surprised you, what would you do differently? I have selected a good M&A company to represent me and we both think we could get 5-6x EBITDA. Not looking for advise on that end more what's it like to no longer be "the boss".