Oct 28
The seller is 85
On Friday, I'm buying shop # 37 from an 85-year-old owner. His kids didn’t want to take it over. Unfortunately, this scenario isn’t unique. There are 2.3 MILLION boomer-owned businesses in the US. Many of these are well-run, profitable businesses like the one I’m buying. These sellers have dedicated their lives to building it, but it's time to retire. Kids these days don’t want to own dirty auto repair shops. They also don’t want plumbing, HVAC, electrical, landscaping, or anything that gets...
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