To accomplish this, it's very important to be prepared before the sale begins.
Most of the income from the sale will be at the beginning of the sale when your inventory selection is high and your discounts are low.
When it's time to retire, or move on to something else, many retailers try to sell their business as a going concern.
However, it can be difficult it to profitably sell a retail store.
You will also need to organize and advertise fixtures & equipment as thesale progresses.
As space on the showroom floor becomes available, display and price the fixtures.
You can contact your County or Town's Clerk office for more information.
Some require this permit to be issued well before the sale begins.
Business consultant, Debbie Allen, one of the world's leading authorities on sales & marketing, recently stated that, "a business that does not generate profits may do well with a going-out-of-business sale". In many cases a total retail liquidation sale can get you more money than selling as a going concern, selling to a bulk buyer, or selling it at auction.
If you can get 100% or more out of your original inventory cost from a GOB Sale, you will have a good result.
To best protect your interests, it is a smart idea to consult with your attorney or tax specialist for professional advice before you begin the process.