It's done! (Sold my business)

[AgentOblivious]

Nice!






...although you know what they say about rollerblading...

[ChargerX3]

Sorry you didnt get what you wanted, but like you said its a tough economy and the market isnt friendly to seller atm.

[AgentOblivious]

Sorry you didnt get what you wanted, but like you said its a tough economy and the market isnt friendly to seller atm.

Definitely not as bad up here at the moment as it is down in the US.

[Oyyci]

Congratz man! Time to move to where your wife is and start a Canadian 3S business

[TT Eric]

LOL I would like!

Eric

[TT Eric]

Sorry you didnt get what you wanted, but like you said its a tough economy and the market isnt friendly to seller atm.

Well maybe I got it out wrong, I still got a good price, not what I asked, but this is how negotiation goes! All in all it's ok, there is a portion of the inventory that they low balled me, but before the transaction get done I had 2.5 weeks to sell everything I could and it went very well, some publicity in the newspaper and the store was full, I mean really full, I remember one day we sold 138 pairs of footwear in 6 hours, that's without the rollerblades, camping stuff, clothes, winter stuff...

Eric

[green-lantern]

I didn't even know you had a business. Like you, I've been on my own at a very young age and I've always worked hard. It seems to really help people grow the hell up quick when it's work or starve lol.

[UTRacerX9]

I hope too the business will go on! But I'm not sure, I was selling lower then everyone else so I had a great volume and annual's sale were rising from year to year (20% augmentation in sale from this year to last year, while in 'recession'), I was giving A+ customer service, I was on the floor doing the extra miles for everyone even when the floor was full of people! Now because the business make a nice left over after the year, they (the 3 new owners) don't want to work on the floor, they want to just put cheap employees and collect every years what's left! + They raised the price! + They already have destroyed the personal look of the store, that was very unique, now they are making a plain store like every other one...
Eric

That could be a very good thing. My uncle sold his restaurant business to Discovery Zone for several million in cash and stock options... and then they promptly ran it into the ground. He ended up buying it back for about 1/3 what they paid him, turned it back to profitability, and sold it again for more money.

[TT Eric]

LOL yeah that's a scenario but I would need to move back to Montreal, not sure it will happen. Next move will be in Europe maybe.

Eric

[GTO Assassin]

...although you know what they say about rollerblading...

??? That it's an awesome thing to do, hard to do and requires some kick ass balance?

It's been years since I last bladed on my (at the time) top of the line Salamons. I miss it every day. But I'm hell happy for you and the next stage of your life.

Scotty