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Your Vision Has Lived On
Over the last couple of years, I have had a number of retail store owners who just want out. They've done it for 20 years, everything is okay, but the frequent comment is "I think I'm just tired". So the thought arises - "Do I close, or do I try to sell?"
The good news, that I am here to report, is that selling is a viable option. Just off the top of my head, I can think of eight stores that have sold in the past two years.
"How do I sell my store? Do I list it with a business broker?" In my very unscientific survey, 25% of the sales were with a broker. 75% of the sales were through connections of some sort.
Personally, I sold my store through connections. Then six years later it was sold through a broker. What's the message in this? It's twofold. First, yes you have the opportunity to sell your store (if it is priced right). Second, both avenues of selling - through a broker, and through the community are viable options, I recommend exploring both.
Don't make a sudden rash decision and close suddenly. (as one of my stores recently did) Give yourself 9-12 months, to find a buyer for your store. You will appreciate both the money, and that your hard work and vision, has lived on.
The Sandy Ruben Team
Sandy Ruben (NC/SC/VA/AL/MS) 843-696-4464 sandyruben@hotmail.com
Tom Darnell (TN/KY) 615-945-8939 darnelltoys@gmail.com
Katherine Hodges (NC/SC) 919-244-8774 toyrep@nc.rr.com
Don Smith (GA/AL) 919-749-8038 donsmithSRA@gmail.com
Valerie Bernstein (AL/TN/GA) 678-595-3062 valeriebernstein1@gmail.com
Misty Blalock Audish ( NC/SC/VA) 704-258-7367 mbaudish@gmail.com
Rachel Jones (VA/NC) 218-230-8898 toysalesrep@hotmail.com
Dee Senter (SC/MS/NC) 803-414-7207 dsentertoyrep@gmail.com
Catherine Coury (TN/SC/NC/FL) 732-841-9372 catherinecoury2@hotmail.com