Business Exits By Industry
Selling a Casino Equipment and Supplies Dealers Business
The decision to sell your casino equipment and supplies dealers business isn't something that should be taken lightly, especially these days. If a business exit is on the horizon, you'll want to check out our suggestions for staying ahead of the market.
Although we're optimistic about the economy, we also recognize that it takes the right strategy to sell a casino equipment and supplies dealers business in today's market.
The good news is that ambitious entrepreneurs continue to see casino equipment and supplies dealers businesses as a smart business investment -- and the market is rewarding owners who are willing to invest time and energy in their sale.
Selling a Casino Equipment & Supplies Dealers Business to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. The time and expense of locating the right buyer will be nonexistent and you won't have to spend weeks showing the buyer every square inch of the company. Yet most employees lack the means to buy their employer's business at or near the asking price. A seller-financed deal may be necessary unless the employee has significant assets or investor backing.
Broker vs. No Broker
When selling a casino equipment and supplies dealers 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 casino equipment and supplies dealers business sits on the market. A highly skilled broker can compensate for his commission by selling your business for a significantly higher price than you could achieve on your own. But whether you use a broker or not, you may want to list your casino equipment and supplies dealers business on BizBuySell.com and other popular online business-for-sale listing sites.
Maintaining Objectivity
Objectivity is a rare commodity in a business sale. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. Although it may be a hard pill to swallow, you need to find a way to introduce objectivity into your sale. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.
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