II. HOW MUCH ARE YOUR STORES WORTH?
1. Selling Your Stores To A Chain
You may be surprised to discover how much more valuable your store(s) are to a large book retail chain than to an individual. A major, national or regional chain book retailer may be able to generate more profits out of your location(s) than you can. And, will pay a higher multiple. Our hypothetical example is a small (5 location) Christian book retailer. If we look at specific costs of running Spiritual Books (like accounting, legal, book buyers, trips to Hawaii, computer systems, etc.) that will not be incurred by the major chain buyer, we get a much different picture of the company's profitability.