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Selling a Cassette Tape Duplication Services Business
Many business leaders say that now isn't the time to try to sell a cassette tape duplication services business. At Gaebler, we think it's a great time to sell a cassette tape duplication services business. Here's why . . ..
Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
Eventually, it will the time will come to exit your business. And when that day arrives, you need to know how to sell your cassette tape duplication services business in a way that achieves positive outcomes for you and the business.
Preparing Your Cassette Tape Duplication Services Business for Sale
The outcome of a business sale is largely determined prior to a market listing. Profitable cassette tape duplication services business sales begin with a comprehensive strategy that incorporates planning, preparation and market positioning. Branding, market positioning, and revenue growth take time, but they directly influence the price your cassette tape duplication services business will command in the marketplace. But your efforts to improve your company's position and profitability will only be effective if you invest similar effort into the preparation of accurate financial statements for buyers.
Sale Costs
In a cassette tape duplication services 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. Depending on your circumstances, you may also incur substantial expenses in hiring legal, appraisal and accounting professionals. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
Business Valuation
Professional appraisers can use three methods to determine the value ofa cassette tape duplication services business: The income method, the asset method and the market method. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. As a safeguard, consider conducting appraisals using variations of multiple appraisal methods. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
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