LittleMissPizza
New member
You are a man of many hats! I have always said I would love to learn about becoming a business broker as it satisfies my need of variety in my work. How did you go about becoming a broker?John, I don’t earn a living from owning the store. It is kind of apples to oranges to compare our model to an operator that earns a living from the store. If I needed to support my family just from the store I would be there 50 hours a week. If we wanted a six figure income from the business my wife would need to work there too (she does not work there at all). My focus has been on having the people and systems in place to have the business run well from day to day without my presence. We have been doing this way for over 15 years. For 10 of those years we had two stores. In those days we did occasionally hit 6 figures income for us without working there day to day.
Running the business with a GM so I do not need to be there is not inexpensive in a small store like mine. The business is profitable and I do take a nice income from it, but I would need to add my managers comp to our profit call it a living.
We own and operate two other businesses which also require attention. I spend about 30 hours a week on our retail business and my wife spends about 30-40 hours there. My business brokerage work also takes up my time.
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