Recent content by Woodsrider

I had 3 options for my business. Close the doors and sell the land, Sell the business and land, or find someone to run it. I was to the point that I was fine with closing it. It was pushing one year with the broker and I was tired of waiting. If I got someone to run it I would have to pay them...

I think our country has had a change in perception. Smoking used to be considered "cool" now, not so much. It is a habit of the lower class. I just sold an auto repair shop in a low income area. All my employees and most of my customers smoked. On the other side of town at my buddies nice shop...

I am out! The previous owner had some things change on his end and offered me my asking price but 100% owner financed. The broker let us buy out the last month or so of the contract so the new owner could be in for the best month of the year. I have worked with him all week. He trained me 7...

I am not retired yet but was hanging out with a friend that is. He mentioned that he had been wasting a lot of time. I asked him a few questions about that but was not happy with the answer. If you are retired what is wasting time? The best answer that I have been able to come up with is doing...

I am slightly leaning toward staying. I don't know what your sport is but I am into extreme sports and I have seen many friends that got injured. Depending on the injury you may not be able to pursue your sport or work, so 2 years would be insurance.

I remember reading in the annual report what the conditions must be before they will buy shares back. I don't remember what those conditions were but that should be easy to find.

We have an "A" share and several "Bs". I bought the "A" years ago when it was around 60,000 or 80,000 for my wife as a birthday present. We have both been fans and also traveled across the country about 4 years ago to participate in the shareholders meeting. I think we were in our 30s when I...

DW and I broke 7 figures on our 30s. Her company stock options were a large contributing factor.

One of my degrees is in Finance and I feel capable of managing my own finances. However, I have a small amount with a FA. There are a few reasons for this. Diversification, it's fun to beat him, he host some great dinner parties, and we get to meet interesting people at them. He will also bring...

This is what we did and it worked out very well.

Time for a update. The original owner that I was trying to sell to was unable to pull it off. So I am listing with the broker. Like someone said above, it is somewhat like selling a house. Now my ER is in the hands of someone that I don't even know.

I have not listed with the broker. Debinnov - 6MTHS!!!! Please tell me that this is not normal. I have concerns about this guy being able to qualify as it is. I am doing some stuff on the side to help him with the down payment. I feel obligated to give him a shot at it but think I would make...

The business is tire and automotive. I have picked a broker and checked references on him. Right before I listed it with him, I checked with the previous owner and he wants to buy it. It should be a good deal for him because I will take what I was going to pay the broker off the price. I have...

I am 49 years old and had with out putting anything on paper thought that I could retire around 53. Last year my wife and I started looking at the numbers and I have come to the conclusion that I can retire now if I sell my business. She just started with a new company and is in a key roll for...