Sure, Ed. We are unexpectedly expecting to have a kid!
Because of this, we have to move to a model where we have less boat, or possibly a land-based lifestyle. We are quite likely moving to a land-based lifestyle as it looks right now.
The business is running very well. We turned away a $5K charter for the first week of August, and turned away a few thousand dollars of charters here and there as well. Even turning those away, I just did $3K in business in the past week. We are turning these away because we are running short on time planning out our next step.
Anyone who took this business over could easily make another $10-$20K before the season slows down here. The business pays for any loan an owner might have on the boat, all expenses and still allows the owner to put a modest amount into savings.
Now if I could move this onto land and continue....
But of course, having a charter business on land won't work
. I have to give it up. My reasoning for giving away the business (instead of selling for the $200K the business broker
said it's worth) is that I can help someone else live out their dream without eating away at their retirement
nest egg. Also, I don't want to wait 6 mos to a year for that purchase
to go through.
I'm not as interested in greed and material possessions as I am in making the right choices and helping others along the way. So I see it as mutually beneficial for me to leave as soon as possible, while helping someone live a dream.
Please feel free to email
me at the address listed on my website, or call the number there to discuss further. I have 3 people looking at it right now. 2 are looking into loans and one (who hasn't come to see it yet) has suggested he wants to pay cash.