Saturday, May 18, 2013

Succession: Selling a Bookstore

"The New England Independent Booksellers Association couldn’t have chosen better timing for the workshop on “Planning Your Bookstore’s Next Chapter,” just one day after nine-year-old Porter Square Books in Cambridge, Mass., announced that was putting itself up for sale. Close to 40 booksellers attended the workshop led by Donna Paz Kaufman and Mark Kaufman of Paz & Associates at the Biltmore Hotel in Providence, R.I., on March 12. Most indicated that they would like to sell their stores, or their interest in a multi-owner store, within the next three to five years—some even sooner. Porter Square co-owners Dale Szczeblowski and Jane Dawson fell into the latter camp. So, too, did a young couple who are finding that raising a toddler and running a bookstore are not necessarily a good fit. Both Linda Ramsdell, owner of Galaxy Bookshop in Hardwick, Vt., and bookseller Sandy Scott were at the workshop to learn about ways to transfer ownership."

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For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.

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