Review your operations and financial performance. Consider your sales, accounts payable, financial forecasts, and overall viability (both short and long term).

For retailers in a good financial position, now may be the time to open new locations, expand into new channels, or diversify the product/service mix.

Cash is king—especially if your business is struggling. Look at your financial forecasts. Are there cash preservation opportunities? Can you make the necessary business changes to survive? Or do you need to consider selling?

COVID-19 retail buyer guide

Looking for the latest intel on how to expand your retail business after COVID-19?

Download the guide for valuable insights on how to:

• Optimize your acquisition process from pre-planning to post-merger
• Plan ahead for tax implications and due diligence
• Define your buying criteria and what you're looking for in an acquisition target

If business is struggling significantly, and cash preservation strategies are not going to be effective, it may be time to start the process of selling.

It’s important to make an informed, orderly decision, even in distressed circumstances. Selling your business is not easy. There are a number of factors to consider, including tax and capital gains planning, wealth management, and due diligence. A professional advisor can guide you through the process and help you achieve an outcome that offers the best possible value for you and your stakeholders.

What can you do next?
Fill out the form and we’ll send you our guide on selling your retail business in the current economic environment.

As a retail Survivor, you’re somewhere in the middle of the buyer-seller spectrum. The COVID-19 crisis has undoubtedly affected your business, but recovery is possible—as long as you start now on a plan for adapting to the new normal.

Now is the time to think about your business strategy, the purpose of your store, and how you’re serving your customers. Business resiliency and innovation should be top of mind. This could mean shifting to e-commerce and other revenue-generating activities, making changes to your back office and operations, or concentrating on cash preservation.

What can you do next?
Fill out the form and we’ll email you our guide on adapting your retail business and getting back on the path for growth.