How do I sell my shop and make sure my employees keep their jobs?
Your team is a big part of what makes your shop worth buying. The right buyer knows that and wants them to stay.
If this sounds like youYou care about your techs and your front counter. You don't want them to pay the price for your exit.
What you can do.
Ask buyers directly
What happens to the team in the first year?
Put it in writing
Some deals include promises about keeping staff.
Choose a buyer who runs the shop
Owner operators need your team more than investors do.
What to watch for.
- Big changes in pay plans can drive good techs away.
- Tell the team with the buyer present, not before.
- A good handoff plan keeps customers calm too.
Owner to owner, and it stays private.
Good people are the reason Lotus buys a shop. We keep the team, invest in training and clear pay plans, and give them room to grow.
Talk to JamesQuick answers.
Will my employees lose their jobs if I sell?
Not with a buyer who plans to run the shop. Ask every buyer, and get it in writing if it matters to you.
When should I tell my employees?
When the deal is close, ideally with the buyer there to answer questions.
Thinking about what comes next for your shop or building?
Reach out and we’ll talk it through. No pressure, and the conversation stays private.
james@lotuspe.us