Passing the Torch: Bookstore Succession Planning & Ownership Transitions
Thinking about stepping back from your bookstore? Get expert advice from Paz & Associates and a bookseller who recently sold hers. Learn about pricing, documentation, agreements, and more plus tips, handouts, and Q&A to start planning your exit now!
10:00 AM - 10:50 AMWed
Kentucky (1)
Educators: Nina Barrett, Bookends & Beginnings and Middles; Shirley Mullen, (former owner) Kids Ink
Do you have a plan yet for what happens when it’s time to step back from your bookstore? Whether that moment is right around the corner—or whether you’re just starting to think about an exit strategy—it’s good to understand what factors impact bookstore transitions and sales. This session combines best-practice advice from Paz & Associates, which frequently consults on the process, along with real-world, practical tips from an owner who successfully sold her bookstore within the past year. Topics to be covered include: What kind of professional help will you need? What kind of financial documentation? How will you price the business? How to handle potential owner inquiries? What should a purchase agreement include? Join us for guidance, tips, handouts, and Q&A—and start planning your eventual exit strategy now!