[ajspin]

Please Forgive if long winded, but this is a serious problem for me that seems to be approaching faster than I thought it would.

We are in our mid 60's and are considering ways to deal with my health when it comes to our business. We have a very successful fulfillment business - on a mom and pop level. Need opinions on trying to sell as a business or liquidating piece by piece. We live very comfortably on what we make verses time involved and this business could do the same for anyone willing to put in the effort - the problem is, there just does not seem to be too many people willing to work..

We have all the equipment for DTG printing (3 dtg, 3 heat presses, 2 pretreaters) also for vinyl and printable vinyl with a basic cutter and also a 54 inch Versacamm, Embroidery - a 2 head Tajima. Sublimation set up, and more - basically everything EXCEPT screen Printing.

We downsized our customer base last year because we just could not handle the quantity of business, but still what we do nets us about a thousand a week.

All advice about the best way to handle the transition to actual retirement is appreciated. I guess I just want a couple of years of relaxation while I am still here..

Thanks in advance for any help and advice you can give.

Arlene

 

[jennGO]

Have you contacted a realtor to sell your business? There are definitely people out there who will work just need to find them


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[ajspin]

we are in our home with the business - we were retail until we moved here 3 years ago, but bought this house specifically because it was a perfect set up for the business-we have 4200 square feet in the home, 3 levels, so we can keep it separated.
had actually thought about renting or buying a retail location and moving it, but not to sure we could swing it.

 

[jennGO]

Try buysellbiz.com to sell the equipment/business. Can always get a lawyer too to draft up the docs


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[Lees Custom]

Have you thought about looking for an apprentice?

I started my business out of college, but with no capital to invest into machines, it was basically a hobby. A few years later, an opportunity came up through my dad's Rotary to buy a local shop in my town. Unfortunately it fell through as the owner never kept up with the agreement as they were too attached to sell well past the time we had agreed upon. It would have been a perfect situation instead of then investing into my own business.

Someone really interested, should be willing to compromise lower pay for "sweat equity". Running out of a house poses a problem as that person would eventually need a location, but if you already net $1,000 a week profit, industrial space is cheap enough to justify it even up by me 20 minutes outside of NYC.

Adversely, liquidating the machines on ebay or digitsmith is not a bad option. It may be easier to sell them to someone familiar with the industry versus a new comer. I believe they also allow you to list "turn key" businesses, but again, being out of your house poses an issue. You could also take the client list, make a database and sell to a competitor locally on top of selling the machines.

Reason I suggest Ebay/Digitsmith is I actually bought my two single head Brother machines from a woman liquidating hers in IL and drove them back here. Machines came with hoops, spare garments and design disks. I bought a 3 Head Brother from someone else liquidating their embroidery this way and got the machine, hoops and a computer. I already owned heat presses and a vinyl cutter, so I then just rented the cheapest industrial space I could find and dove in. I bought these machines as they were the ones I apprenticed on when trying to buy the business and was familiar with them and how to repair and maintain them.