Thank you for all your input gentlemen. I took some of your advice and eBay is an excellent place to get pricing on both new and used equipment.
As it turns out I have been offered and accepted a position as a full time plan reviewer and electrical inspector for one of the fastest growing municipalities in the state because of my commercial and industrial experience. I wouldn’t have time to joint venture with someone while they bought my business nor would I like worrying about how they were operating the business. That is one reason I never took on a partner in the 40 years I was contracting. If things didn’t go right I was the only one to blame. None of my old employees are in a position to purchase a business and I don’t have any children who are in the trade. I have placed an ad in the largest newspaper in our state and will attend our electrical contractor’s association’s monthly meeting and announced it there. I may also place ads in the wholesale houses as well.
In all my years in the trade I always treated electrical inspectors with great respect. I’m not saying that they were always right but they had a job to do too and a quick trip to a code book usually solved any misunderstanding. I have loved this industry and to me this is something I am really looking forward to. On top of that it actually seems funny that somebody else would be willing to paying “me” to sit home on holidays and while I’m on vacation. After all these years somebody else will have to worry about, FICA, OSHA, Federal Taxes, State Taxes, Unemployment Taxes, Business Taxes, CPA’s, Bankers, Employees, Estimators, Salesmen, Advertising and the list goes on and on. I wish all you young contractors the very best and hope to see you on the job some time.
Regards
