Episode 15: Selling (or not) your bookshop? Tips from Michael Kerr of Kerr Capital
The Bookseller's PodcastShow Notes
This is the pointy end of owning a bookshop. Whether you are thinking of selling your business, and even if you are not, Mark speaks to Michael Kerr of Kerr Capital and asks all those questions we often wonder.
- how much is my bookshop worth?
- should stock be in the asking price?
- when do I tell staff?
- are there alternatives to selling?
- what if my successor is a staff or family member?
- how do I improve future saleability?
Kerr Capital specialise in helping owners increase the value plus make their business easier to sell. This episode will have you thinking more deeply into getting your business on track for a long term better outcome.
More from The Bookseller's Podcast
The only author to have won both the Booker and the Baillie Gifford (Flanagan refused the prize money), Mark and Jaye finally get to speak with Richard Flanagan. He did not disappoint.
Mark chats with James Daunt, founder of Daunt Books, Managing Director of Waterstones and CEO of Barnes & Noble. With clear principles applicable to all bookshops - here then is the secret recipe to running a successful bookshop.
Mark and Jaye learn about Julie Burland's original story, how PRH Australia sits within the multi-national organisation, how Australian stories are nurtured within this structure and why she thinks independent bookshops are key. We also discuss fixed book pricing and that very particular headache of our industry, returns.
With Sorrento Writers Festival about to embark on its 4th very successful year, it is time to hear from its enigmatic founder and director, Corrie Perkins.
Continuing on from Episode 34 on advoacy and policy-making, we chat with Susannah Bowen, the new CEO of the Australian Bookselling Association. Susannah talks about her background and expertise, her passion for books and her aspirations for not only championing the Australian Indie Bookshop but also her plans to future-proof our sector . Help her help ourselves! We urge all owners, booksellers, authors and readers to get involved and to do your bit to help Susannah foster an environment that could profoundly impact our bookshops.