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It's pretty normal for a small business with no #succession plan, isn't it? Sell the business and retire on the proceeds.
Perhaps I’m misunderstanding the situation or your comment, but if they’re closing down, without selling, before they’ve actually started losing boatloads of money, then I’d guess that’s outside the norm for small businesses. At least, that’s what I’d understood they’re choosing to do.
That's an indulgence they obviously feel they can afford.
Seems so. Understandable if they’re particularly proud of what their company achieved, and they’ve made enough money to satisfy them going forward. Maybe they don’t want to watch the respectable brand they put 1/4 of their lives into deteriorate until it’s just another shitty Walmart brand.
Leshaches-
if they’re closing down, without selling
I doubt whether they're doing that, they're just not selling the branding and good will. While that intangible asset is probably the single largest value item they have, I'm pretty sure they're not going to be putting any buildings, plant and stock on the same pyre.
gbj_tester
It's pretty normal for a small business with no #succession plan, isn't it? Sell the business and retire on the proceeds.
That's an indulgence they obviously feel they can afford. To me it seems as vain as an elaborate mausoleum, but it's their choice.