Anyone here have any experience selling/buying an existing Art/Craft business?
My wife and I are kicking around the idea of a new direction in life (semi-retire/travel), and it will not include our art/craft business.
The product is more craft, Unique, and not easily duplicated, but I could teach someone the process/business.
The business provides a nice part time income. (We both work full time)
It may be a year or 2 before we exit from the business, but would like to hear from others some of the things to be aware of when selling?
Are their buyers out there?
What are the pifalls?
How do you price your business?
There are assets (building, kilns, etc - Currently working on this list). Is it easier/better to just part it out?