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Long-Closed Jewelry Store Reopens With New Owner

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It shut its doors in 2007.

Donaldson’s Jewelers was a well-known business in Topeka, KS, for over four decades until it closed in 2007.

Now David Horn, a longtime local jeweler, has purchased the business from its founder, the Capital-Journal reports.

Dan Donaldson shuttered the business a decade ago in order to pursue full-time ministry. However, he opened a local pop-up store last year and it was there that he and Horn began discussions.

Now Horn, under Donaldson’s tutelage, is learning a variety of business skills, from advertising to buying, according to the Capital-Journal.

Horn plans to handle most store tasks himself for now, “from sales to design to deliveries,” the newspaper reports. His wife will handle accounting. In coming months he hopes to bring on sales staff.

As for the move into business ownership, Horn said he liked having the opportunity to “build something.”

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“It’s interesting taking that step up to being responsible,” he said.

Read more at the Capital-Journal

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When There’s No Succession Plan, Call Wilkerson

Bob Wesley, owner of Robert C. Wesley Jewelers in Scottsdale, Ariz., was a third-generation jeweler. When it was time to enjoy life on the other side of the counter, he weighed his options. His lease was nearing renewal time and with no succession plan, he decided it was time to call Wilkerson. There was plenty of inventory to sell and at first, says Wesley, he thought he might try to manage a sale himself. But he’s glad he didn’t. “There’s no way I could have done this as well as Wilkerson,” he says. Wilkerson took responsibility for the entire event, with every detail — from advertising to accounting — done, dusted and managed by the Wilkerson team. “It’s the complete package,” he says of the Wilkerson method of helping jewelers to easily go on to the next phase of their lives. “There’s no way any retailer can duplicate what they’ve done.”

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