Jan
28
Should I Sell My Boutique Or Just Try To Sell All My Inventory?
Posted by admin Comments (1)
I own a small boutique with inventory of over 4,000, and I lease the space out for 410 a month. I may need to move sometime soon and just wondering what are my options. Should I try to sell it for a lower price of about 3,000 for my inventory and they take over the lease? Or, should i just try to sell all my stuff before I move? Thanks
Tags: Sell, Boutique, Business Finance, Just, Should
Categories: All About Selling
“Tis the season,” as they say.
If your inventory cost you $4000 and you’ve marked it up the typical 50%, promote the stink out of a 40% off liquidation / going out of business sale.
You’ll hopefully sell off the majority of your inventory at a profit.
If you’re able to negotiate something with a potential successor to take over the business, you could suggest them paying you 50% of the inventory cost now as well as taking over the lease, then allow them to finance the remaining 50% paying you monthly over the next 3-6 months. This gives them the opportunity to sell at full retail, pay you and still gain a profit. This way you’ll guarantee you get 100% of your investment as well.
Good Luck,