Today 71% of retail jewelers are quickly reaching the age of retirement. Every week there is a news report of a major retail jeweler retiring and ‘closing their doors forever’. If you are one of these owners who is approaching this milestone event, then you should strongly consider working on your transition plan now. According to the Small Business Administration, 70% of small business owners do not have a succession or transition plan. The average time for a business owner to execute a solid plan to maximize the return on their business is 2 to 5 years. Therefore, if you plan to transition out of your business in the next five years, you need to start working on your plan now.

Vantage Group has worked with retail jewelers for over twenty-five years on strategic planning. Our partnering with business owners to grow their business to the next level has brought great success to retailers across the country. For many today the next level for success is an exit strategy. Over the last few years Vantage Group has been asked more and more frequently for assistance in transition planning.  We create  detailed plans to maximize profits in the end. The steps we conduct are:

Step One:   Analysis, both of the owner’s goals, objectives, timing, and the current health of the business

Step Two:   Positioning, the business to maximize the owner’s desired return and exceed the owner’s goals

Step Three:  Choices, selling the store or run a “Going-out of Business Sale”

Step Four:  Transactions, guiding the process each step of the way from letter of intent, business plan, financing and ultimate close of transaction

Our goal is to guide you as the owner through the most important time in your business career, your exit.

A GOB doesn’t have to be your only choice.