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I need to sell my party planning business due to family obligations. How do I do this? I have a store in IL

The store has been open for 2 years in downtown Plainfield and does not have a lot of competition. I also do other events besides parties and have an extensive email list of potential clients of over 700 email adresses, plus the website and all the inventory in the store are included in the sale. It is a turn key business with parties already on the books for the upcoming months.

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Answers (1)
Douglas Batts
Murphy Business & Financial Corporation
Collin County, TX
Premium Broker

Tamayra, I think the fundamental question is whether you are planning to try and sell it yourself or do you plan to enlist the help of a professional? Aside from that decision, you will need to make sure that your books are clean and that the financial performance/potential of your business is strong enough to warrant buyer interest. Given the overall state of the economy, slight slumps in sales are understandable. As with homes, a little touch up care can go a long ways in improving how your business shows. If you plan to use a professional, that's just about it. If you plan to try and sell it yourself, your real work has just began and you might want to search a recent discussion on that topic on this community. Best wishes.

Jul 16, 2009

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