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Old 02-07-22 | 01:35 AM
  #20  
repechage
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Joined: Jun 2006
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I laugh a bit as 30 years ago my brand new father in law wanted to retire.
I took a week off work and a month later my wife and I bought the business with a 10 year note.
he had built it for his retirement.
he was lucky my skill set was a good overlap.
now due to Covid and other outside conditions, there will be no follow on buyer.
I could sell it possibly but I really doubt it.
business conditions are rapidly changing, the path for continuing Might be there, but the risk is high and the reward is probably not enough.

I think the key is the right buyer, sometimes they are out there. My father in law had two people interested before asking us and they had enough money to make a deal but he was concerned they would not make it. A reasonable concern as both only lasted 10 and 15 years.
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