For the last two months, most business owners have been feeling the pain of either reduced sales or their business being closed entirely. At the same time, they’ve had to pay their bills and figure out what to do with their staff. Prior to Covid-19, many business owners, perhaps including you, were thinking of selling their business. Covid-19 presents new business challenges related to reopening with social distancing measures in place, which may increase expenses and reduce income. These business challenges, which will last a few years, may be having you think even more of selling. So, you may be wondering, how can I sell my business now, and who would want to buy it?Read More
BayState Business Brokers Blog
Tags: sell a business
Franchise businesses can be a great business to buy, especially for first time business owners. At BayState Business Brokers, we have sold many types of franchises, and Principal Sarah Grossman pinpoints the top reasons to purchase a franchise.Read More
A liquor store can be a profitable business to buy but, like any other business, requires good management, organization and people skills to operate. You should be able to manage employees and direct tasks to maximize profitability for your store. If you plan to work on the floor, good customer service skills are essential. The more products you can recommend to customers the better your store will do and you will ensure repeat customers for many years to come. In Massachusetts you also must be a citizen of the United States and a resident of Massachusetts to get a new liquor license or transfer an existing one. Good credit is also important because you will need to establish credit with your vendors to purchase products.