How do I pass my farm stand’s loyal customers to the next owner?
Introduce the next owner in person at the stand, over a full season if you can, and tell regulars openly what is changing and what is not. Keep your best products, hours and habits steady at first, and hand over any customer list you are free to share.
Customers who return every week are loyal to a feeling as much as a product. They know your name, your corn and the way you greet them. Do not hide the sale from them. A neighbour who hears about it secondhand may feel left out, while one who hears it from you at the counter will usually wish the next owner well.
Work the transition into the season. Stand beside the new owner at the busy times and introduce them by name to the people who matter most. Explain what they do well and what they plan to keep. Resist the urge to announce changes on the first day. A familiar jam recipe or a favourite variety left unchanged says more than any speech.
If you keep a mailing list, a social media page or a regulars’ book, ask your lawyer how it may be passed on and what customers must be told about their information. Agree with the new owner on a gentle plan: perhaps a thank-you note, a small event or a few weeks of you appearing at the stand. Stay away from the counter once the handover is complete, so the new owner can build their own relationships.
Key takeaways
- Tell regulars about the sale yourself, face to face if possible.
- Keep favourite products and habits steady at first.
- Check with your lawyer before passing on customer contact details.
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Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernment7 steps to increase your business’ value—before you sell it
- 02Business Development Bank of CanadaGovernmentWhat is succession planning?
- 03Business Development Bank of CanadaGovernmentAdvice for succession planning - Articles and tools
- 04Business Development Bank of CanadaIndustryHow to sell your business
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