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We are starting to work on a plan to start gradually transferring ownership to my operations manager. It will be a gradual buy in since I have no need to fully retire from the business, I don't work that much now and fully enjoy the process of owning and managing the shop overall. When the ownership transfer gets close to 50%, 10+ yrs or I croak before then, there are banks that will gladly finance the rest of the buyout at reasonable terms. I have a banker in my BNI group that would gladly make that loan. We are well on the way to having all of our processes and procedures written down, one of our goals for this year, and have already finished our employee handbook and our safety manual. Next is getting the buyout down on paper and a valuation formula determined.

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