Fivepointfive
Guy in the back
Cliffs- company might be sold. What do I ask the prospective buyer for?
So I find myself in an interesting position. I run a repair shop. Just a four bay independent shop, located downtown in a small college town. A friend of mine bought it 15 years ago. One year in he realized he needed someone to run it, and I've been here ever since. We are are scrupulously honest, have the best reputation in town, and have really gotten to the point in life where we can chose the type of work and caliber of customer we want, all because of me. Think of it like an absentee owner. He doesn't have to show up; I do everything and we make money even if he stays home.
Sometimes this is good. To put it briefly, the owner has a pretty manic personality. There have been times he becomes so worked up over things that I send him home. For months sometimes. And everyone is happier. Well, he's finally had enough and wants to sell. And surprisingly, might have found a buyer. He's local, and good people. He also knows the role I play here, and very much wants me onboard. So...
We're getting together tonight. What should I be asking beyond the obvious? What should I negotiate? I'm already near the top of the pay scale for the industry in this area, do I try for more? I'm really thinking about asking for a four day work week. I can make it happen pretty easily, even if we still do m-f. In return I make his purchase fairly seamless and turnkey. Yes I have a back up plan, no I don't want to do it BTW. I work in a great area 5 minutes from home and 10 minutes from my kid's school.
Appreciate all input, thanks.
So I find myself in an interesting position. I run a repair shop. Just a four bay independent shop, located downtown in a small college town. A friend of mine bought it 15 years ago. One year in he realized he needed someone to run it, and I've been here ever since. We are are scrupulously honest, have the best reputation in town, and have really gotten to the point in life where we can chose the type of work and caliber of customer we want, all because of me. Think of it like an absentee owner. He doesn't have to show up; I do everything and we make money even if he stays home.
Sometimes this is good. To put it briefly, the owner has a pretty manic personality. There have been times he becomes so worked up over things that I send him home. For months sometimes. And everyone is happier. Well, he's finally had enough and wants to sell. And surprisingly, might have found a buyer. He's local, and good people. He also knows the role I play here, and very much wants me onboard. So...
We're getting together tonight. What should I be asking beyond the obvious? What should I negotiate? I'm already near the top of the pay scale for the industry in this area, do I try for more? I'm really thinking about asking for a four day work week. I can make it happen pretty easily, even if we still do m-f. In return I make his purchase fairly seamless and turnkey. Yes I have a back up plan, no I don't want to do it BTW. I work in a great area 5 minutes from home and 10 minutes from my kid's school.
Appreciate all input, thanks.