I sold the contractor to Jack and retired
I was thinking about retiring for 5 or 10 years before I definitely decided to sell the business; I wanted to make sure that I sold the heating and AC maintenance and replacement contractor to someone that would keep the name going.
I did not want to sell all of the customers and have my contractor name thrown out.
I have been in the residential and Commercial AC and heating maintenance and replacement contractor for a genuinely long time and I have managed to do genuinely well during that time. I had one contractor that is been with me for 10 years and the guy’s name is Jack. I told Jack that I wanted to sell the contractor to him and retire. A couple of years ago I brought it up and he said there was no way that he could buy the business! Last year I went back to Jack and told him that it was time for me to retire. If I could not sell the contractor to him, then my buddy and I was going to have to close down the doors for good. I gave Jack a fantastic deal so he could buy the contractor without a lot of currency up front. I only needed enough currency up front to make sure that all of my bills were paid and I definitely had quite a bit of currency that was already saved up. After Jack agreed to the plan, I retired, bought a boat, and moved out to the water! Once a week I meet with Jack so my buddy and I can discuss contractor until all of the fees for the contractor have been paid.