I am the owner of a small service business that utilizes a proprietary product and process. We currently have 32 locations nationwide that are all very successful. Each location is individually owned and operated through a license agreement to utilize our product and process.
The business has outgrown my personal capabilities to continue growing and running it properly. I feel like it is time to either sell the business or take on a partner with greater business knowledge than I. I feel like I am holding the business back which is not fair to the 32 owners nationwide.
So my question is, where do I go from here? Where can I network with high level businessmen who operate companies like this in their sleep? It is very similar to a franchise business mixed with a distributorship. How do I find people who specialize in this type of stuff. The business is very profitable and has had great success. I have just become burned out and I feel like it has outgrown me. I don’t know if I want to sell it or take on a partner that can help me run it. I enjoy the manufacturing/shipping side of the business and would like to focus the majority of my time to that.
Is there business forums, websites, something like that? I know the right person is out there who can lead me and the business where we need to go. I just don’t know how to find them or put the word out for them to find me?
Has anyone been in a similar situation with their business? Any advice would be greatly appreciated! Thank you!