Closing the doors

[Quinnan]

While business has been modestly profitable in our small town, I have a chance to pursue another dream. Do any of you have experience closing shop? Since I also carry art supplies, I'm giving myself a couple months to clear out what I can. As far as framing goes, I have an old Fletcher wall mounted glass cutter, a Phaedra system with a Ryobi saw, a small foot operated Cassese underpinner, Seal combination heat vacuum press, tacking iron, FrameReady software, and gobs of miscellaneous wire, widgits, etc., a roll of Mylar-D, several yards of 40" mounting tissue, mats, ready-made frames, and more that I won't have use for after the shop closes. Of course, the easiest solution would be if someone wanted to take on the business which is just north of Chattanooga. It's such a small town, though, Im not sure that anyone is going to be rushing in. Any advice on how to make this a happy ending will be appreciated.
Quinnan

 

[Curly's Mom]

Quinnan,
If I were you I'd add the value of all of your "used" equipment and supplies. Add to that the value of your "new" stock and put an ad in the local paper. Maybe there is someone in your neck of the woods that has a dream of owning a frameshop / art supply. It all depends on how you market it. You never know unless you try. Possibly selling it to someone with so much down and the rest in E-Z monthly payments. BTW, it wouldn't hurt to consult your accountant and lawyer either. I'm all in favor of giving someone a good deal, but don't give it away.

Good luck and don't forget to keep us here on the grumble posted on what you do and the final outcome. Thanks.

[ 01-29-2003, 01:59 PM: Message edited by: Curly Grumble ]