My wife wants me to retire. How do I start thinking about selling the shop?
Start with a conversation, not a sale. Talk about what you both want the next five years to look like, then look at what the shop and building could do for that.
If this sounds like youShe's been patient for years. Now she wants you home, and part of you does too. You just don't know what step one is.
What you can do.
Set a target date together
It doesn't have to be soon. It just has to be real.
Find out what it's worth
A number makes the conversation easier at home.
Talk quietly to a buyer
No commitment, just information.
What to watch for.
- Don't wait for the perfect year.
- Include your spouse in the big conversations.
- Talk to your CPA about what retirement income could look like.
Owner to owner, and it stays private.
Lotus is run by a husband and wife. We get it. A first conversation with James is private and doesn't commit you to anything.
James StephensonLotus, Massachusetts and Connecticut
Quick answers.
Is it OK to just ask questions?
Yes. Most first conversations are exactly that.
Should my spouse be part of it?
If they want to be, absolutely.
Thinking about what comes next for your shop or building?
Tell James a little about it. Only James reads it, and the conversation stays private. No pressure, no broker and no mailing list.