The American Specialty Toy Retailing Association (ASTRA) is featuring a special session at its annual ASTRA’s Marketplace & Academy that will focus on helping specialty toy retailers build succession plans for their businesses. The key takeaways will include: critical factors in determining the value of an independent toy store; how to get stores ready for a sale or transfer of ownership; and establishing a timeline for an independent retailer to make a smooth exit.
Lynn Switanowski of the Creative Business Consulting Group will lead this session. ASTRA’s Marketplace & Academy will be held on June 8 to 11 in Phoenix, Ariz. Following the convention, the succession topic will be continued in member-only discussion groups on ASTRA’s website.