July 7, 2020  
 
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Selling a Costume Jewelry Store

When it's time to sell your costume jewelry retailer, your future plans depend on your ability to get the highest possible sales price. Here's how to do it . . .

The economy isn't the only thing that is uncertain these days. So are costume jewelry retailer buyers, many of whom are waiting to pull the trigger on their next acquisition.
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You'll always have an excuse for not putting your business on the market. Selling a costume jewelry retailer isn't easy, but we believe sellers can achieve their goals in any economic environment.

When Is the Right Time to Sell?

If you're feeling like your tenure as the owner of the costume jewelry retailer is coming to an end, the time to sell is now. Opinions are mixed and some consultants are advising costume jewelry retailer sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the costume jewelry retailer marketplace. The inventory of what we consider to be quality costume jewelry retailers 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 costume jewelry retailer sales are risky costume jewelry retailersales. 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. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Successful sales walk a fine line between total confidentiality and aggressive promotion. Brokers and consultants can mitigate the risk by implementing confidential sale techniques.

Legal Concerns

In a costume jewelry retailer sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . The price described in the Letter of Intent may fluctuate based on information that is revealed during due diligence, but the inclusion of new requirements in the final contract could be a deal killer. So after consulting with your broker and attorney, make sure you're comfortable with the terms of the Letter of Intent. If not, everything you do to close the sale of your costume jewelry retailer may be a waste of time.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in costume jewelry retailers, you might find these additional resources to be of interest.

Marketing a Costume Jewelry Store

What Does a Business Broker Charge?

Selling to Competitors

Why Hire an Exit Planning Consultant


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We always appreciate feedback from our readers. If you have any comments, suggestions, or questions about how to sell a costume jewelry retailer, we encourage you to get in touch with us today!


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