Originally Posted by Sea Ray
Would moving back to Ohio increase your Dad's financial hardship? I don't see how you can do that if that's the case. Your Dad doesn't have a lot of years to make up lost money and you and your brothers could end up supporting him anyway.
How practical is it to think the business will sell? A company that's losing money may not have much value.
I'd suggest talking with your brother(s) and see where he stands and then take it to your Dad and see what can be worked out. Sounds like you're not in this alone. You can commiserate with your family on this one
I think we may have been posting at the same time. I kind of touched on the issues with me moving back in my last post. It is definitely something that would take some planning, and problem solving. As far as the value of our franchise, I think Dad would take darn near anything remotely close to reasonable at this point. He has alot of money saved in his retirement (he had a VERY successful job) so going "broke" isn't really a concern. It's just the thought that, at his age, you are supposed to be sitting on your retirement to make it last through the twighlight of you life. He's now spending it...fast.
I think I may call my Mom tonight, tell her everything, and see what she says. She is ALWAYS a good source, and probably the strongest person I know in the world.
Thanks for your response Sea Ray.