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<p>[QUOTE=&quot;ToughCOINS, post: 2506084, member: 20480&quot;]If your father&#039;s business does not possess strong name recognition, I would pursue selling just the assets, and not the business itself. If the business is rather well-known, and / or experiences significant foot traffic because of location, I&#039;d try to sell it intact.</p><p><br /></p><p>At shows in your area is where you are most likely to find leads to the highest prospective buyer.&nbsp; It is there that active collectors with aspirations of becoming a coin dealer, some fleeting and others serious, will notice the offering of a shop for sale.&nbsp; Not all will be able to afford it, but some will, and you will create a buzz in the community.&nbsp; People will talk, and the right ones will take interest.</p><p><br /></p><p>I would invite sealed bids for 30 days from at least a dozen qualified parties, itemizing for them what is being offered . . . inventory by date / grade / value, company name, real estate or lease agreement (assumed or even extended, if acceptable to landlord), display counters, furniture, supplies, office equipment, subscriptions, customer list, website, supplier contacts, safe, security system, etc.</p><p><br /></p><p>You should ask bidders to provide proof of qualification (a bank letter of credit, a brokerage account balance, a 401K account balance, etc.) and you will need to show complete &quot;books&quot; for the past several years to demonstrate viability of the business and to demonstrate that there are no &quot;skeletons in the closet&quot;.</p><p><br /></p><p>You&#039;ll likely be surprised by the number of dealer wannabees who would consider pouring their assets (inheritance, retirement savings, lottery winnings, etc) into such an opportunity.&nbsp; I&#039;m not implying that is either wise or foolish . . . it depends entirely on the individual.</p><p><br /></p><p>Under no condition would I agree to accept an owner-financed or balloon payment arrangement . . . there are too many shysters out there who would calculatedly bleed the business as a cash cow and let it go back to you afterward . . . please forgive that bit of cynicism . . . the possibility needs to be recognized.</p><p><br /></p><p>- Mike[/QUOTE]</p><p><br /></p>

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