December 13, 2019  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Selling a Company

 

Selling a Bakery Wholesale and Manufacturers Business

You've heard the naysayers - now isn't the time to sell a wholesale or manufacturing bakery business. But what they don't know is that many entrepreneurs see wholesale or manufacturing bakery businesses as a smart business investment.

Like it or not, a wholesale or manufacturing bakery business sale is a complicated affair, made even more difficult by the emotions associated with leaving a business you've poured your life into. But have you considered how your customers, vendors and employees will handle the sale?
(article continues below)

At Gaebler, we're seeing wholesale or manufacturing bakery business sellers succeed by applying sound sales principles combined with a refusal to be intimidated by a down economy.

Selling to a Family Member

The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based wholesale or manufacturing bakery business sale can be more complicated than selling to a stranger. If it isn't handled properly, a family sale can quickly create irreparable divisions within your family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. The best advice: if a family sale is a possibility, it needs to be handled objectively, with ample input from third-party advisors.

Sale Documents

In a wholesale or manufacturing bakery business sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . If you are seeking buyer concessions, the time to address them is before the Letter of Intent is drafted. For sellers, that makes a close review of the Letter of Intent more than a formality - it's a critical juncture on the path to closing.

Selling Time

Hoping for a quick wholesale or manufacturing bakery business sale? You may be disappointed. Unfortunately, there are no hard and fast rules about the length of time your business will be on the market. Pricing plays a role in sale length, but there are no guarantees that a fairly priced business will sell quickly. Before you can list your wholesale or manufacturing bakery business, you'll need to invest as much as a year in preparing it for prospective buyers. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.

More Exit Planning Articles

Given your interest in exit planning and in wholesale or manufacturing bakery businesses, you might find these additional resources to be of interest.

Marketing a Bakery Wholesale and Manufacturers Business

Selling to Competitors


Conversation Board

Looking for more information about how to sell a wholesale or manufacturing bakery business? Then we want to hear from you! Send us your comments and questions, and we'll do our best to help you.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Hoping to Open a Bakery Wholesale & Manufacturers Business?

If you plan on opening a wholesale or manufacturing bakery business, these helpul resources may be just what you've been looking for:

Opening a Bakery Wholesale & Manufacturers Business

Do You Market Products or Services to Bakery Wholesale & Manufacturers Businesses?

If you consider wholesale or manufacturing bakery businesses to be sales prospects, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:

Selling to Bakery Wholesale and Manufacturers Businesses

Mailing Lists for Bakery Wholesale and Manufacturers Businesses

More Exit Planning Information

If you are eager to get business succession tips for a different industry, please browse our directory of exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary