Niche Market Exit Planning Tips
Selling a Body Art and Piercing Business
Is the economy still a little shaky for a business sale? Sure it is. Yet body art and piercing businesses haven't been deterred. In fact, we think this economy is a ripe environment for a body art and piercing business sale.
Business sellers sometimes face a long, hard struggle to get fair market value for their companies. But with the adequate preparation, your body art and piercing business can attract buyers who recognize its potential.
Despite the conventional wisdom, we believe current economic conditions are right for selling a body art and piercing business. With the right information and strategy, you could be well on your way to a successful sale
Equipment and Inventory Concerns
Buyers typically perform an independent appraisal of your body art and piercing business's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your body art and piercing business.
Advertising Your Sale
Successful body art and piercing business sales begin with a carefully planned advertising and promotional strategies. However, confidentiality and other concerns can present challenges, even for sales professionals. If sale information leaks out, competitors can use it to steal customers and circulate negative messages about your business throughout the industry. Business brokers are skilled at publicizing body art and piercing business sales while maintaining the confidentiality that is critical to your business.
Sale Costs
In a body art and piercing business sale, pricing is based on a number of factors, including the costs incurred during the sale. Good brokerage takes a 10% success fee off the top of the final sale price. Attorneys, accountants and appraisers work for a flat fee that can range from hundreds to thousands of dollars. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
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