When you consider the demographics of our jewelry industry, it is obvious that Baby Boomers and Gen Xers dominate the ownership of retail stores. If you are in this age bracket, you are at or nearing retirement and have some very important decisions to make.
Here are some questions you might be asking yourself:
- Do I have the financial resources to retire comfortably?
- How can I transition my business so it continues to support the community I love?
- Have I prepared my successor well enough to ensure continued success?
- Am I really ready for full retirement, or should I ease out over time?
Planning for retirement can be daunting on many levels. Exiting from your business is likely the most important financial decision you will make in your lifetime, so you really need to go out with as much money as possible. That is why most jewelers choose a major retirement sale. This will monetize your aged inventory and maximize the amount of money you can generate from a well-orchestrated sale.
At the Gordon Company we have helped hundreds of jewelers over the years retire with the financial freedom they deserve from a lifetime in the business. The best sales are achieved during the Christmas Season and with the normalization of business this year, there is probably no better time to conduct your sale.
If I’m describing your situation, contact us right away for a free, no-obligation consultation to see how we can help you.
Contact Ira Bergman or Steve Webb today to learn more about how The Gordon Company can assist you with your Retirement Sale!
