IdahoDave
CGF II, Certified Grumble Framer Level 2
That's all, just wanted to get that off my chest.
Sold my store
- Thread starter IdahoDave
- Start date
Puppiesonacid
SGF, Supreme Grumble Framer
- Joined
- Mar 10, 2008
- Posts
- 2,161
Sorry to hear it, yet, maybe its good you could sell it 
Good luck
Good luck
Dave
SPFG, Supreme Picture Framing God
I feel like I gave the store away to a customer last week. 
- Joined
- Nov 5, 1997
- Posts
- 3,823
- Business
- The Frame Workshop of Appleton, Inc
Big News...
Congratulations!
Could this be a shared story, perhaps move this to the Business section? Were you planning this sale? Did it just happen or was this a bail out?
Did you have the numbers laid out in advance? Work with a commercial broker? This could be educational if you wish to share.
All the best in the your future plans...
John
Congratulations!
Could this be a shared story, perhaps move this to the Business section? Were you planning this sale? Did it just happen or was this a bail out?
Did you have the numbers laid out in advance? Work with a commercial broker? This could be educational if you wish to share.
All the best in the your future plans...
John
PicturedFramer
MGF, Master Grumble Framer
Ditto
Need more info....just curious
Need more info....just curious
janetj1968
PFG, Picture Framing God
Congratulations!
And in this age, luck had nothing to do with it.
I know that has to be a huge relief.
And in this age, luck had nothing to do with it.
I know that has to be a huge relief.
Couture's Gallery
PFG, Picture Framing God
GREAT...NOW you can come and buy mine so we can retire.
Since it shows a smiley face; I assume congratulations are in order!
But I also would like to know more about the why and the how and the what.....
But I also would like to know more about the why and the how and the what.....
wvframer
SGF, Supreme Grumble Framer
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In Memorium
Rest In Peace
Gone but not forgotten
Rest In Peace
Gone but not forgotten
I would completely understand if you want to just put your feet up and enjoy the rest, but I think it would be really informative if you would share this story.
MaJa
SGF, Supreme Grumble Framer
CONGRATULATIONS!!
Having recently sold my sign business I know what an exciting and wonderful time this is for you. I'm sure you are a tiny bit sad, too.
Just like everyone else, I'd love to hear the story!
Having recently sold my sign business I know what an exciting and wonderful time this is for you. I'm sure you are a tiny bit sad, too.
Just like everyone else, I'd love to hear the story!
Thank you for letting us know, Dave. I wish you the
best in whatever lies ahead.
best in whatever lies ahead.
PicturedFramer
MGF, Master Grumble Framer
....Sounds like both a joy and guilt confession. Which is it?
I think he took the money and ran. Maybe the new buyer is grumbler and can give some info, if you are welcome to the G!
IdahoDave
CGF II, Certified Grumble Framer Level 2
Here goes
I will try to answer questions with out giving any info the new owners wouldn't want me to. Word on the street is that they have signed up at my recommendation. this place rocks. His name is Dan-o, welcome him when he shows up. I didn't list my business for sale, I just had three people within a week offer to buy, so I sold. It all started when a former employee was offered some left over equipment from a second store we closed and he responded with "I don't want the equipment, i want the store", unexpected. I shared this with another former employee that just moved back to the area, while she was at the store placing an order and she said "you'd consider selling the store?!" ...NDA with both talked and negotiated and ended up selling for less than I wanted but still enough to eliminate the burden of debt I have been living under do to the failed second store.
Very unconventional situation, no broker, little pre plan other than running a store that had records available at my finger tips due to lifesaver, and being on the up and up. It took as long as it did (5 months start to finish) because I did have to come up with P&L and whatnot. Talked to others I know who have sold businesses, including locals and Marc Bluestone whose 'how to sell your business' class i had taken several years ago in vegas. he's a nice man. the folks who ended up buying both had worked for me in the past, brother and sister. he worked for me for 6+ years and will be managing day to day operations, and doing some incredible design work, check him out on facebook. The place looks great, they are adding new life to the place I started from nothing 13 years ago. All in all a great situation.
Being the churchy guy that i am, i will have to change the luck referred to by some of you to ridiculously huge blessings from on high. Tithe, even when its hard, He will open the windows of heaven and bless you so much you will not have room to receive it.
I will try to answer questions with out giving any info the new owners wouldn't want me to. Word on the street is that they have signed up at my recommendation. this place rocks. His name is Dan-o, welcome him when he shows up. I didn't list my business for sale, I just had three people within a week offer to buy, so I sold. It all started when a former employee was offered some left over equipment from a second store we closed and he responded with "I don't want the equipment, i want the store", unexpected. I shared this with another former employee that just moved back to the area, while she was at the store placing an order and she said "you'd consider selling the store?!" ...NDA with both talked and negotiated and ended up selling for less than I wanted but still enough to eliminate the burden of debt I have been living under do to the failed second store.
Very unconventional situation, no broker, little pre plan other than running a store that had records available at my finger tips due to lifesaver, and being on the up and up. It took as long as it did (5 months start to finish) because I did have to come up with P&L and whatnot. Talked to others I know who have sold businesses, including locals and Marc Bluestone whose 'how to sell your business' class i had taken several years ago in vegas. he's a nice man. the folks who ended up buying both had worked for me in the past, brother and sister. he worked for me for 6+ years and will be managing day to day operations, and doing some incredible design work, check him out on facebook. The place looks great, they are adding new life to the place I started from nothing 13 years ago. All in all a great situation.
Being the churchy guy that i am, i will have to change the luck referred to by some of you to ridiculously huge blessings from on high. Tithe, even when its hard, He will open the windows of heaven and bless you so much you will not have room to receive it.
Not something you hear a lot these days!
So; what's in the future for you???? Made any plans?
So; what's in the future for you???? Made any plans?
Amy McCray
SGF, Supreme Grumble Framer
What a nice outcome! Good luck to you in whatever direction you choose to take in the future, but hope you can relax for awhile first and enjoy being out from under the pressures.