2019 is quickly coming to an end. Hope it was a good year for you. This is the time of year that you need to step back and evaluate where you and your retail business are going.

For many small retailers, 2020 may be the right time to exit their business. Retailing has changed drastically in the past 5 – 6 years. The internet has effected everyone and it will continue to do so as we move forward. It gets harder and harder to run a profitable operation.

When you consider the number of hours an independent small retailer puts into their business you have to ask if it’s worth it.

Many of the small independent retailers who have ran successful operations are reaching that age that they are finding it difficult to find the energy to get everything done that has to be done to keep the business going. As more and more “baby boomers” are reaching those golden years, they have discovered that it is extremely difficult to sell the business that they grew.

Small independent businesses are tough to sell because so much of the personality of the business is that of the owner. When the owner leaves the business is just not the same. No one will work as hard to make sure that retail business is successful as the original owner.

If you fall into that category of a Baby Boomer whose energy is dwindling or who just wants to have a life outside their store, we should talk. CCH Consulting can help you maximize your return from a Retirement Store Closing Sale. This is the time to start making those plans.

Chuck Haug