Whether you’re ready to retire or simply ready to do something else with your life, it’s good to prepare your bookstore business for sale months in advance. For aspiring booksellers, it can be advantageous to buy an existing store rather than start new. But how much is a bookstore worth?
There are several steps in selling a bookstore and we are here to help you with each:
Planning & Preparation
- Conduct a business valuation by an objective, qualified third party to determine a fair price
- Develop your message to staff, customers, and the media to announce the bookstore is up for sale
- Prepare documents, including a Non-Disclosure Agreement, questionnaire, marketing flyer (1-2 pages), and business overview (often 50+ pages with details about your financial performance, operations, owner’s compensation, opportunities)
Facilitating the Sale
- Handle inquiries
- Qualify prospects
- Schedule meetings between owner and qualified buyers
- Answer questions and respond to information requests
- Prompt offers
- Help you identify terms and plan the transition
Our goal is to keep independent bookstores in business and contributing to the quality of life in our culture, so we work with bookstores of all sizes and will work with you even if your business has not been showing a profit. Buyers as well as sellers of bookstores have looked to us over the years, so we know the transition from both sides and believe that what works best is what’s fair for everyone involved.
We are optimistic about the future of bookstores. And we want yours to continue in capable hands when you’re ready for the next chapter in life. All of our work is held in complete confidence. Let us know what’s on your mind.
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"The workshop was an incredible experience and definitely gave me the knowledge and tools to make my store more than just a dream."
- Sandy Loomis
"Many thanks again for conducting such an informative and enjoyable workshop. It was exactly what I was looking for and clearly a lot of thought and care went into it."
- Melissa Crispin
"I know we wouldn't be this far along without the Paz & Associates help, training, and Guide. This and networking with fellow Paz Graduates have been immensely worth the investment."
- Jay Jackson, Absolutely Fiction Books
"I am so very happy I found you ... without you
the store would just be a dream."
- Melissa DeMotte, The Well-Read Moose
"I simply cannot end this day without sending you a brief note of thanks for the fantastic experience that I had this week at our workshop / boot camp.
I learned so much and had a great time in the process. You provide all of us with such a wealth of information and practical tools."
- Margi Watters
"You have been 100% fabulous and are helping me make this exhilarating, exciting, and sometimes terrifying trip very doable. And I can pretend I have complete confidence in all my dealings because I can get all the answers from Paz & Associates when I don't know something :)"
- Laurie Donelson Gillman, East City Bookshop
"[the training] was a life changer ... I would not be doing this if I hadn't gone to the workshop. It really taught me what I needed to know.
It makes you understand and appreciate just how
many moving parts there are in a business like this."
- Erika VanDam, RoscoeBooks
"The Guide exceeded my expectations! The mentor from SCORE was extremely impressed with the information I am able to bring to our meetings. I am incredibly impressed with your training materials. I can only imagine what kind of valuable information I could glean from you in person."
- Lindsay Persohn, Prospective Bookseller
"Your Guide has been an invaluable resource in my planning and decision making process and quite honestly, I couldn't imagine starting down this part without it. The Guide contains a wealth of information."
- Dan Byers, Prospective Bookseller
"I honestly don't know how I would have pulled this off without your help."
- Sally Bradshaw, Midtown Reader
"Wow, the Owning a Bookstore Guide is fabulous! I'm impressed at its weight and thoroughness. My two partners and I thought we'd rotate it, but no way. I need two more!"
- Sandy Koropp, Prairie Path Books
"Once again I want to thank you guys a million times for the best training. I enjoyed myself and learned so much. I am amazed at how much I have used from just that one week from class..."
- VaLinda Miller, The Booksmith
"Whenever anyone asks me for advice about opening a bookstore, I tell them the best thing I ever did was take your class. I knew I loved books, but here the realization that I was taking on a business truly became a reality. Not only did I learn so much from your workshop, I use all of your invaluable resources to this day." - Rita Maggio, BookTowne
"The workshop was an incredible experience and definitely gave me the knowledge and tools to make my store more than just a dream."
- Sandy Loomis
"Many thanks again for conducting such an informative and enjoyable workshop. It was exactly what I was looking for and clearly a lot of thought and care went into it."
- Melissa Crispin
"I know we wouldn't be this far along without the Paz & Associates help, training, and Guide. This and networking with fellow Paz Graduates have been immensely worth the investment."
- Jay Jackson, Absolutely Fiction Books
"I am so very happy I found you ... without you
the store would just be a dream."
- Melissa DeMotte, The Well-Read Moose
"I simply cannot end this day without sending you a brief note of thanks for the fantastic experience that I had this week at our workshop / boot camp.
I learned so much and had a great time in the process. You provide all of us with such a wealth of information and practical tools."
- Margi Watters
"You have been 100% fabulous and are helping me make this exhilarating, exciting, and sometimes terrifying trip very doable. And I can pretend I have complete confidence in all my dealings because I can get all the answers from Paz & Associates when I don't know something :)"
- Laurie Donelson Gillman, East City Bookshop
"[the training] was a life changer ... I would not be doing this if I hadn't gone to the workshop. It really taught me what I needed to know.
It makes you understand and appreciate just how
many moving parts there are in a business like this."
- Erika VanDam, RoscoeBooks
"The Guide exceeded my expectations! The mentor from SCORE was extremely impressed with the information I am able to bring to our meetings. I am incredibly impressed with your training materials. I can only imagine what kind of valuable information I could glean from you in person."
- Lindsay Persohn, Prospective Bookseller
"Your Guide has been an invaluable resource in my planning and decision making process and quite honestly, I couldn't imagine starting down this part without it. The Guide contains a wealth of information."
- Dan Byers, Prospective Bookseller
"I honestly don't know how I would have pulled this off without your help."
- Sally Bradshaw, Midtown Reader
"Wow, the Owning a Bookstore Guide is fabulous! I'm impressed at its weight and thoroughness. My two partners and I thought we'd rotate it, but no way. I need two more!"
- Sandy Koropp, Prairie Path Books
"Once again I want to thank you guys a million times for the best training. I enjoyed myself and learned so much. I am amazed at how much I have used from just that one week from class..."
- VaLinda Miller, The Booksmith
"Whenever anyone asks me for advice about opening a bookstore, I tell them the best thing I ever did was take your class. I knew I loved books, but here the realization that I was taking on a business truly became a reality. Not only did I learn so much from your workshop, I use all of your invaluable resources to this day." - Rita Maggio, BookTowne