Business Exits By Industry
Selling a Collectible and Vintage Clothing Retail Business
You've learned a lot during your tenure as a collectible and vintage clothing retail business owner. The next step is to position your business for the demands of the business-for-sale marketplace.
It's a fact: Successful business sales take time.
Undaunted by economic conditions, many collectible and vintage clothing retail business sellers are achieving their sale goals through deliberate sale strategies.
When Is the Right Time to Sell?
If you're feeling like your tenure as the owner of the collectible and vintage clothing retail business is coming to an end, the time to sell is now. Opinions are mixed and some consultants are advising collectible and vintage clothing retail business sellers to put their plans on hold until the economy fully rebounds. At Gaebler, we have a much more optimistic view of your chances in the collectible and vintage clothing retail business-for-sale market. The inventory of what we consider to be quality collectible and vintage clothing retail businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Why Confidentiality Matters
Highly publicized collectible and vintage clothing retail business sales are risky collectible and vintage clothing retail businesssales. A low-key selling strategy is a low risk activity because you can control who does (and doesn't) know that your business is on the market. When and if your sale becomes public knowledge, competitors can use that information to weaken your position in the marketplace. Successful sales walk a fine line between total confidentiality and aggressive promotion. Brokers and consultants can mitigate the risk by implementing confidential sale techniques.
Sale Costs
In a collectible and vintage clothing retail business sale, pricing is based on a number of factors, including the costs incurred during the sale. Good brokerage takes a 10% success fee off the top of the final sale price. Attorneys, accountants and appraisers work for a flat fee that can range from hundreds to thousands of dollars. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
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