Look, independent retail owners thrive on risk-taking. They take risks every day. Buying merchandise; running promotions; hiring new people; etc, etc. These all are risks. It's every day life for retailers.
So how about one more? Right now the world is full of stores and service operations anxious to be sold. For all the reasons we all know, thousands of owners either financially must sell or they have reached the "I give up" stage. Sad, but true.
What a great time to seize an opportunity! Let it be known that you are looking to buy businesses that fit your business model. And you should be, with one caveat: get seller financing. Don't use much, if any, of your own cash. Yes, those deals are out there. So insist on them.
You and the right lawyer might build a much bigger business – fast! – right now. Lots of low-hanging, distressed fruit available. (And frankly, those retailers who have reached the "I give up" stage will be glad to realize some value from their business, instead of just winding it down. And the seller financing could give them an income stream over time as well. It can be a win-win situation for all parties...including employees and customers.)
Is "Bigger IS Better" appealing to you?
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