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Selling a Cash Registers and Supplies Repair Business

Don't believe anyone who tells you it's easy to sell a cash registers and supplies repair business. A lot of things need to happen before you can successfully exit your business. But with a few tips, you can keep your shirt and your sanity in the sale of your business.

The cash registers and supplies repair business-for-sale marketplace is a nuanced environment, full of pitfalls for sellers who aren't prepared for its demands.

There is no simple way to sell a business. But the most prepared cash registers and supplies repair business sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.

Average Preparation Time

There are no effective shortcuts for selling a cash registers and supplies repair business. Since buyers prefer to see evidence of future cash flow, you'll want to to strategically lock in cash flows and increase profits before you list the business. Next, the business will need to be documented in professional financial statements and manuals that facilitate the ownership transition. At a minimum, plan on spending six months preparing your cash registers and supplies repair business for the marketplace. If you can afford to wait, we recommend investing a few years in improving your business's financial position before you put it on the market.

Leveraging Seller Concessions

Seller concessions are becoming more commonplace in business-for-sale transactions. Not surprisingly, seller financing is routinely requested by today's buyers. Traditional lenders and investors are gun shy - and that makes sellers a logical funding source for many buyers. Other common seller concessions include staying on the mentor the new owner, non-compete clauses, and working as a consultant to mitigate the impact of new ownership.

Should I Hire a Business Broker?

When selling a cash registers and supplies repair business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Although brokerage fees can be substantial, the right broker can reduce the amount of time your cash registers and supplies repair business sits on the market. You can also expect to receive a higher sales price for your business in a broker-assisted deal.

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