I'm concidering Looking for a partner

Health issues have taken hold of my life. I'm thinking of taking in a working partner. My son (40) is a great roof mechanic, but not a business man. I need someone to come in and faze me out. We have a top rated house roofing company, in Phila.,PA., as our "Check Book" ratings will show. We have a Warehouse, small sheet metal shop, trucks, and a great location from which we work. We also have 80 yrs of equipment. This is a small Mom & Pop operation, with a good customer base. You won't get rich, unless You want to keep building, but, you can make a good living. E-mail me or call me at 215 676-7764, we can talk. Talk is free. I don't want to sell it at this point. My son however needs a partner. I'd like to draw some money from it. The business is based on me, and my contacts. I own the buildings, trucks, equipment, and goodwill.

No salesman needed. I keep getting as much work as this Mom & Pop can handle. We don't make BIG money, just a steady living. No overheads, advertising, small payroll = small controlled company.

Tin man: Could a sales man position fulfill most of your needs?

You might consider selling the business and staying on part time as a consultant.

Or, sell the business to storm chasers.

I thank all of you for your input. I know this is a young persons game. Ciak sees through a young mans eyes. There's nothing wrong with that. He does not read all the information. I'll be 67 yrs. Old in Oct.. My health as is my wife's is not good. My concern is that my son could continue, with the right help and guidance. It just seems shame to throw out 42 yrs. of customer base and good will. I would hope I'll be okay, finical. Selling things in pieces just doesn't seem like a winner. It may however be the only option.

You can do what I did. I diversified. 1 Sold all my equipment let all my guys go. Kept in touch with the good techs. Maintain my state lic. do repairs at a high level and quality. Have the capabilities of subbing any roof system out there if the money is right. 2 Became a Landlord. Collect rent monies on properties I own. 3 Met the required education standards applied for and received my Independent adjuster lic for the State of Florida. Hold many other state adjuster license and work in states such as California ,Arizona under another adjusters license after I pass the intense security and background checks necessary every time I am deployed . Hired on by a company that pays me to travel, + all my expenses + excellent pay. I mean excellent. 4 I haven't formulated what I'm going to do to fill in the other hours of the day. I'm still exploring. Life is good and full.

tinner, did you high jack the thread to promote your business?

http://www.youtube.com/watch?v=dzLB4xAY10Y&feature=related Deep Down In Florida Where The Sun Shines Damn Near Every Day

B) :) :) B)

I don't know what a business is worth...probably just what your last job was. If you have a product that sells and you don't have to be there, probably womething, but not much if it is a service that you do yourself. You are the business! save the money and then quit.

Sorry to have jacked the thread Tinman. I just don't know what to suggest. When I die, it's gone.

Me Too

I'm looking at the replies, and getting discouraged. I bought my other business from a good friend, I guess things were different then. I'll peek in every once in a while. Maybe there's an answer out there someplace.

Nice solution, Frank. I'd think about moving that downspout away from the wall as well.

Roofing is a hard business to get rid of. I know of several people that have attempted to sell and gotten burned. I know of one guy that had a very large roofing company and tried to sell to a much smaller roofing company and claimed the whole thing cost him $700k to get his company back. I know of another guy that had a roofing company that does about 2 million per year (I'm just guessing here) and bought another one about the same size five years ago. He paid $500k for it, but that included a building appraised for $400k. He paid 100k down and financed the balance secured by the building. When he had to refinance the building, the real estate values had dropped so much he couldn't find anyone willing to loan him the $250k he still owed on the building.

There's a sider that I have worked with for decades that sold his business and retired in 2008. He got 3 payments out of the new owner before the market crashed and the new owner walked away from it. Those payments were about what his legal expenses were to set up the deal. He's now unretired.

A tad far for me, but we'll see. Wife likes the area. 226 mi, 4 hours 15 mins. Give me a call if you want tomorrow. 804-833-6418. Or, I can call you.

I posted pix of my current job at remodel crazy. Fools built a window sill into the roof. A wall was 6" past that. The wall has shifted and I had to build a slip joint in case it moves any more. Bearing wall was 2" different from before so new rafters were 2" longer. Made for unique slating to bring it together.

I hope I remembered to remove the copper nail so the wall can move freely. Danged if I remmeber.

We are both long in the tooth and have been around a long time. I have seen pictures of your work and I am sure you do well with it. Hey, Landcaster is only about 50 miles from Philly. I may be down a day early. Maybe we could meet. My wife doesn't want me to be working all the time. 269-806-1266 is my cell. John R. Crookston but still "Old School"

Heck, I don't know enough about slate anyway.

Old School Said: Hey Tinner, are you coming to the slate seminar in Landcaster this next weekend?

I wish. Too busy to take time and die. And no money to show for it either! Took some major hits tax-wise and with the hospitals this spring. I'm deep in the hole for now, but can see the green line above! Maybe next year.

Hey Tinner, are you coming to the slate seminar in Landcaster this next weekend?