Maintain the Value of Your Antiques, Art Or Collectibles Business
Can you sell your antiques, art or collectibles business while competing with the multitude of other small businesses also being sold? By the year 2029, […]
Six Steps to Avoid Fraud
Antiques shops and dealers must always be on the alert for fraud. It is a fact of doing business. This is even truer in this […]
Five Resolutions That Can Improve Business
I think we all make New Year’s resolutions in some manner. Some being to join a gym (note that’s join, not go), lose weight, find […]
Make Profit Your Holiday Mantra
Editor’s Note: Economic pundits predict dire times ahead for this holiday season. But antiques and collectibles dealers may improve sales by following Jim Sturgill’s common-sense advice.
Gift Annuity: You Give, Then Receive
Editor’s Note: CPA Jim Sturgill always gives sound advice to antiques-and-collectibles dealers and collectors. Here he suggests a win-win way for anyone to make charitable contributions in this down economy.
Financial Turmoil: Antiques Hold Value
The stock market is in turmoil. Investment banks must be bailed out by the U.S. government. Hedge funds are experiencing investor demands. The largest insurance […]
Estate Planning—Where Are the Coin Collectibles?
During the early 1980s, one of my favorite clients was the owner of an antiques shop who also owned a restaurant and bar with several pool tables. The client was rather elderly but quite alert and worked long hours seven days a week. During the 1930s, ’40s and ’50s, his restaurant supplied area service clubs with fried chicken and fried fish (known as a chicken fry or fish fry).
18 Things Worth Knowing about the Business of Antiques and Collectibles
In case you didn’t know:
* There are more than 41,500 antiques shops/dealers in the U.S.A.. according to the “2008 Business Reference Guide.”
* Many antique shops have sold for 20% of annual sales plus inventory at cost. This is a rule of thumb and not applicable to all antiques shops.
* Most antiques shops are started by collectors.
Antiques Shops Make More Money “Buying Right”
Many years past, I learned an important lesson that applies to most, if not all, businesses, antiques and collectibles shops included. The president of a local meat-packing company and I were reviewing the company’s financial statements and one-year outlook.
Maintain the Value of Your Antique, Art Or Collectible Business
Can you sell your antique, art or collectible business while competing with the multitude of other small businesses also being sold?