How do I hand over my liquor store’s ordering routine to a buyer?
Write the routine down and then order alongside the buyer. Cover order days and cut-offs, reorder points, special orders and hard-to-get items, the supplier and craft-brewery reps, and the point-of-sale reports you use to decide what to buy. Doing a few real orders together teaches more than any document.
Much of how you order sits in your head. You know which rep needs notice, which beer sells out before a long weekend and which spirit you never run short of. A buyer cannot see any of that on the shelf. Handing it over well protects the store’s sales in the first months and gives the buyer more confidence in the sale. Plan it as a short training project, not a conversation on closing day.
Write down the cycle
Start with a simple calendar: which days you order from whom, the cut-off for each, and when deliveries usually arrive. Add your reorder points for the lines that matter most and a note on how you adjust them for holidays and summer. Keep it to a few plain pages. A buyer will use it as a checklist for the first orders they place alone.
Special orders and the people behind them
List the products that need extra handling: special orders, limited releases, allocated items and anything a regular customer expects you to hold. Introduce the buyer to your supplier and craft-brewery reps, and tell the reps the new owner is coming. Some reps will keep their service level for a new owner who they have met. Others need a little time to build the relationship.
Order together, then step back
Show the buyer the point-of-sale reports you rely on and how you read them. Then place two or three orders together, with the buyer driving and you watching. Our page on how buyers find a liquor store for sale shows how the search starts. Put the handover period and your availability into the agreement; your lawyer can draft that.
Related reading
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Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentUnderstanding post-merger operational integration
- 02Business Development Bank of CanadaGovernmentMajor pitfalls to avoid when negotiating a purchase agreement
- 03Business Development Bank of CanadaGovernmentWhat is succession planning?
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