I'm finally in contract to sell my building, with all the inventory, to a friendly competitor. In a million to 1 shot, he desperately needs to find a new place to work, with his deal to buy his current space having fallen through. I'm too young to retire, but the timing was just right. He's a real SG guy even though he's been working out of a close by basement for as long as I have been here. Not sure if he's going to be doing retail or not. He's more interested in my space and the tables and racks and such. It's the most amicable transaction either of our lawyers have ever seen! I swear if all this legal stuff wasn't necessary, we'd do it on a handshake! My advice to you folks out there is to BUY A BUILDING, rather than pay rent. In only 7 years here, I stand to make more money on the sale than I made in many many years of slaving over a hot iron. At this point I'm 50-50 on whether I'm still going to do SG work out of my garage after it gets done, or have a midlife crisis and switch careers. The buyer has no objection to me doing whatever I want, including keeping the phone number. Boy what mixed feelings I have after over 25 years of doing this. Any of you oldtimers thinking of doing this?
- posted
16 years ago