In this tough economy it's not just big companies that are merging to survive. Mom and pop businesses are finding the benefits of joining forces. Two former Colorado competitors hope to make big gains by teaming up.
Along Frisco’s Main Street, when it comes to bookstores, you’ll find two very similar stories.
“We're pretty much one and same on opposite ends of Main Street,” says book store owner Karen Berg. Her store is “The Next Page.”
“I've been in business for about two years now.”
The other store is “The Open Book,” and for years they’ve been each other’s stiff competition.
“We've done the best we can trying to convince everybody that were better that the other guy,” says Berg.
But as hard times fell, along with the economy the two stores decided in order to grow they would take a page from big business mergers
“To really support one another in helping move forward during tougher times,” says Berg.
Because "The Next Page" bookstore and "The Open Book" bookstore, two different businesses will be coming together to form one business.
“Come first of May "The Open Book" will merge all their inventory into "The Next Page" and will be working out of one location,” says Berg.
And while space will certainly be cramped...
Berg says, “Yeah you know, 10 pounds of cookies in a five pound box, but we think we can do it.”
Both owners hope by sharing knowledge, better business will be the next chapter in their new book company.
“We're very excited,” says Berg. She adds that if sales start looking up, then wouldn’t that be one book store story with a very happy ending.
If the merger is a success the bookstore owners say they will expand.