Episode 84: Should I Buy This Shop?
Have you ever considered buying the shop you work at? What if the owner was retiring, and offered to let you buy into the shop over time?
In this episode of Machine Shop Talk, Ian Sandusky from Lakewood Machine is diving back into the Practical Machinist forums to tackle this scenario as posted by a poster looking for some advice. As with any business, there are some major considerations to be made when looking to buy a machine shop. From annual revenues to valuations to real estate, to staffing – there are many factors that can make a deal in this field fantastic – or a potential nightmare. We’ll be covering some of the most important things to look out for when making the decision to become your own boss.