As a wrap-up to our succession series, retirees share what life is like after selling their businesses.
If you’re considering liquidating your business, it’s likely taken a lot of forethought and seems like the best option before retiring. Selling your business to the public is a good option for hot tub retailers who need to eliminate inventory and break even.
As part of our succession planning series, here’s a look at what happens when an outside buyer successfully purchases a hot tub business.
Ah, retirement. It’s a bittersweet word for longtime business owners to think about. But how do owners leave a business they’ve dedicated decades to? Internal succession, selling to an employee, is one popular route.
In honor of our ESOP feature in the April/May 2024 issue of SpaRetailer, we revisit an old podcast with Jim...
In honor of our ESOP feature in the April/May 2024 issue of SpaRetailer, we revisit an old podcast with Jim...
Random Thursday night dinners are how ESOPs happen. At least, that’s what Vince Wuebker, owner of HotSpring Spas & Pool Tables 2, will tell you.
Kathi Belcourt rejoins the podcast, this time to discuss the Aqua-Tech Pool, Spa, and Whole Home Renovation journey. In 2021,...
The hot tub industry is poised for a large number of business handovers in the coming years as retail store owners prepare for retirement.
Family businesses are economic pillars, but the death of a key family member can profoundly affect both the company and the family.
Many founding members of manufacturing companies and retail stores are not only alive and well but actively participating in those same businesses. However, no one can work or live forever.
When John and Diane Bassemier were ready to hand their business, Bassemiers, over to their sons, Jeff and James, it...