III. TEN THINGS TO DO BEFORE SELLING YOUR STORES
1. Optimize profits and clean up your balance sheet
- $1 of profits = $3 of sales price
- Make the profit, pay the taxes
- Be careful of taking on debt
- Pump up the sales. Chains prefer to buy stores doing over $500,000 per location. Keep profits up, but build revenue at all stores.
2. Draw up a business plan
- "Company without business plan, like boat without rudder".
- Make some forecasts and budgets for the company