Avionics News February 2020 - 50

feature

AND

BUYING
SELLING
Y O U R
S T O R Y

S H O P

B Y

D A L E

S M I T H

Bret Tredway, a successful entrepreneur and owner of Freedom Air Avionics in Broomfield, Colorado, shares his
experiences with buying, growing and setting the stage for the eventual sale of his successful avionics business.

T

hey say the two happiest days in a homeowner's life
are when he or she buys a new house and later sells
that house. It's the same with any business. It's exciting when you decide to take the leap and start your
business, and, with a bit of planning, it can be just
as thrilling when you hand the keys over to
the next owner.
But unlike buying a house, you
don't typically open your business
with the thought of selling it for a
profit. According to one successful
businessman, Bret Tredway, that may
be a mistake.
Tredway knows, as he built a successful career starting, building and
then selling small businesses. Through
it all, he's seen the good, the bad, and the
"you wouldn't believe it if I told you" sides
of buying and selling a business.
To help his fellow Aircraft Electronics Association members avoid some of the potential issues, he's agreed to share
his experiences with the recent purchase, reclamation, and
50

avionics news

*

february

2020

even his plans for ultimately selling his business acquisition,
Freedom Air Avionics of Broomfield, Colorado.
Before we get too far ahead of ourselves, let's step back
and get to know Tredway's entrepreneurial background
and how it evolved from automotive to aviation.
"I was attending MidAmerica Nazarene
University in Olathe, Kansas, and driving an
old 1965 Ford Galaxy that always needed
repairs," he said. "I was working my way
through college and obviously didn't have
money to pay someone to do the work, so I
did it myself. Turns out that I really liked it,
and soon I was making extra money working on cars for other students.
"Right after graduation, I got a great job as
a salesman - wonderful benefits, a company
car - the dream job for a newly-married guy.
Every night when I came home, there were cars
in my driveway needing repairs. I was spending my spare
time working on these cars. It wasn't long before I was making more than my day job paid.
"With my bride's blessing and much dismay from her par-



Avionics News February 2020

Table of Contents for the Digital Edition of Avionics News February 2020

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Avionics News February 2020 - Intro
Avionics News February 2020 - No label
Avionics News February 2020 - Cover2
Avionics News February 2020 - 1
Avionics News February 2020 - 2
Avionics News February 2020 - 3
Avionics News February 2020 - 4
Avionics News February 2020 - 5
Avionics News February 2020 - 6
Avionics News February 2020 - 7
Avionics News February 2020 - 8
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Avionics News February 2020 - Cover3
Avionics News February 2020 - Cover4
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