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Its a done deal
As some of you are aware I was made an offer for my business. I first had to decide if I wanted to sell. After some considerable thought I decided to sell, if I could negotiate the terms that I wanted. I was initially offered a more than generous cash offer (made by my manager/partner/friend) but I preferred to have cash as well as a percentage of the business for x number of years. I just got off of the phone with him and we have agreed to terms. As soon as our attorney gets the paper work in order, he will fly to Sacramento, where I will meet him, and I will officially be out of the business. There will be a ?no compete? clause but it will be specific and will not totally bar me from doing certain things in this business, if I choose to. Before anyone asks I will not say how much I am receiving for the business. Suffice it to say that I have other sources of income and combined with the current deal, I shall not be without.
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