logo
    • News
    • Classifieds
    • Free Subscription
    • Book Store
    • Submit
      • Submit a Classified Ad
      • Submit an Educational Announcement
      • Submit a letter to The Editor
    • Past Issues
    • Regional Trade Shows
    • Testimonials
    • Contact
    • News
    • Classifieds
    • Free Subscription
    • Book Store
    • Submit
      • Submit a Classified Ad
      • Submit an Educational Announcement
      • Submit a letter to The Editor
    • Past Issues
    • Regional Trade Shows
    • Testimonials
    • Contact
News
January 14, 2022
Despite the fact that the ….

Despite the fact that the median age of our survey respondents is 59, and plan to retire in the next five years or so, a surprising number of business owners do not know how they intend to sell their routes. Nearly 40 percent of the respondents to our survey said they simply did not know how they plan to retire.

And for those with employees, they may be seriously considering you, and many will do whatever they can to facilitate a successful transfer of power.

Employers want the sale of their life’s work to be a win-win for all parties involved. And in many cases, they have a vested interest in the company continuing to thrive.

That’s because some of those who plan to sell their business to an employee will be using the proceeds of that sale as part of their retirement plan. The general arrangement is to sell to the employee and have the employee pay off the sale using the profits of the business, in some cases, through the life of the former owner. Having a nearly guaranteed source of income until death can represent an enormous level of security for many retired business owners.

So, if you are a hardworking employee of a pool and spa service, with ambitions to one day own your own business (even if that day seems like it’s in the distant future), it’s a good idea to start familiarizing yourself with some of the basics of business ownership.

Because, who knows – your boss may very well have you in mind when the time comes to retire.

LATEST NEWS
Body found in backyard swimming pool
News
Body found in backyard swimming pool
A Suffolk County, NY police detective discovered a body in his swimming pool
June 14, 2025
A Long Island, New York, homeowner and his son discovered a body this May while opening their backyard swimming pool for the season. The body is belie...
this is a test
News
Need to raise prices? Read how to do it
June 14, 2025
This years’ Service Industry News survey revealed an interesting trend: Pool and spa small business owners have raised their average monthly prices. A...
this is a test
Florida pool builder sentenced to 20 years
News
Florida pool builder sentenced to 20 years
June 14, 2025
A Florida pool and spa builder has been sentenced to prison for defrauding customers. According to a press release from the Florida Attorney General’s...
this is a test
Las Vegas hotels discover Legionella in water
News
Las Vegas hotels discover Legionella in water
June 14, 2025
For many American families, the summer months signal a time for vacation. That’s why health departments are sounding the alarm about a hidden health t...
this is a test
News
Todrain,ornottodrain, that is the question
June 14, 2025
The state of Montana has enacted a new regulatory change concerning hot tub maintenance for short-term rentals that is expected to save the state mill...
this is a test
Minnesota struggles with backyard spas:  Public or private?
News
Minnesota struggles with backyard spas: Public or private?
June 14, 2025
When are residential pools, spas, or hot tubs actually public pools, spas, or hot tubs? It sounds like a riddle, but it’s a real question up for debat...
this is a test
Read Our Newsletter
ePaper
coogle_play
app_store
Free Subscription
View Current Print Ads
Educational Announcements
Aquatic Training Institute

Educational Leverage

Foundation For Pool Industry Education

Locey Pool

Pool Chemistry Training Institute

Pool & Hot Tub Alliance

Portofino University

Underwater Pool Masters
Trade Show Dates
  • The International Pool Spa Patio Expo
    Nov. 12-14, Dallas, Texas
  • The Pool and Spa Show
    Jan. 28-30, Atlantic City, New Jersey
  • 35th Annual National Plasterers Conference
    Feb. 26-28, Lake Buena Vista, Florida
  • The Southwest Pool and Spa Show
    Feb. 4-8, Houston, Texas
  • The Western Pool and Spa Show
    Feb. 6-8, Long Beach, California
Books to Order
About Us Terms of Use Privacy Policy
We use cookies to ensure that our website gives you the best experience possible. By continuing to use this website, you agree to this use of cookies.OK