Retirement / Transition Sale
St. Louis – store volume 2,500,000 annually
o Period of sale July fourth through Labor Day
o Typical Period volume - $488,000
o Projection given - $848,000 to $1,090,000
o Result achieved - $957,000
o Theme “retiring passing the torch (father to son)”
o Store Remained Open
North Carolina – Store Volume $450,000 annually
o Period of sale Mid Nov through January
o Typical Period volume $145,000
o Projection given - $300,000 to $450,000
o Results achieved $483,000
o Theme “Owner retiring – New owner taking over”
o Store Remained Open
North Carolina – 50 year old Store; volume $206,000 annually
o Retirement Phase Was Extended to 16 weeks
o Results achieved over - $633,000
o Theme – Retirement Passing Torch
o The son took over in his late fifties, and chose to
close the store the following year.