How do I find an antique store for sale?
Antique stores are mostly found through the trade: dealers, antique malls, shows, auction houses and estate contacts, plus listing sites and brokers. Early on, work out whether the sale is a going business with customers and a name, or mainly a stock sell-off, because the two are bought very differently.
Antique stores change hands less through advertisements than through the dealers who know each other. Many owners are in later life and sell slowly, sometimes by winding down. That means a search needs patience and a presence in the trade. Below are the places where sales usually surface, and one distinction to make early.
Work the dealer network
Visit antique malls, shows and fairs, and talk to the dealers. They know who is tired, who has no successor and who is cutting back. Ask auction houses and estate appraisers as well, since they meet owners at the point where a sale is being considered. Be clear about what you are after: a shop with a location, a specialty, or an online following.
Use listings and brokers too
Search listing sites using antique store, antique shop and antiques dealer, and also vintage, collectibles and consignment. Brokers who work with retail businesses may have a few. Save your searches, and ask each owner for a short summary of what is included in the sale before you spend time on a visit.
Going business or stock sell-off
Some sales are a trading business: customers, a reputation, regular sources of stock and a lease. Others are mainly a collection of inventory the owner wants to clear. Ask what you would really be buying, and whether the owner would introduce you to the suppliers and buyers who matter. A going business takes careful checks. A sell-off is more about the stock itself.
Ask about the knowledge in the owner’s head
Antiques depend on judgement: what to buy, what it is, who wants it. If you lack that knowledge, ask whether the owner will stay on for a handover and whether you can learn the trade first. See how to check a small specialty shop before buying for a comparable set of questions.
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Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentWorking with a broker to find a business to buy
- 02Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 03Canadian Federation of Independent BusinessResearch dataSuccession Tsunami: Preparing for a decade of small business transitions
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