Business Exits By Industry
Selling a Caulking Contractors Business
No one said selling your business in a depressed economy would be easy. But selling your caulking contractors business doesn't have to be as daunting as it sounds.
The caulking contractors business-for-sale marketplace is a nuanced environment, full of pitfalls for sellers who aren't prepared for its demands.
Despite the overall mood of the marketplace, caulking contractors businesses are still an attractive investment, especially when sellers have invested time and energy in preparing their companies for a sale.
Preparing Your Employees
Business sellers walk a fine line when it comes to preparing their employees for a sale. You're concerned about confidentiality, and rightfully so. However, the longer the selling process drags on, the more likely it is that rumors will begin to circulate throughout your workforce. So at some point you will have to resign yourself to the idea of telling some or all of your employees that you have listed the caulking contractors business on the market. Maintain a positive tone in your conversations and answer your employees questions as completely as you can without jeopardizing the sale.
Preparing Family Members
You're ready to sell your caulking contractors business, but is your family prepared for the transition? Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. The sale of the business will likely result in new family dynamics. Subsequently, selling a caulking contractors business has to include ample communication and shared decision-making.
Signs You're in Over Your Head
Many caulking contractors business are tempted to save brokerage fees by selling their businesses on their own. Although there are exceptions, solo sales typically take longer and are less productive than brokered sales. As a rule, no business should sit on the market for more than six months without attracting the interest of at least a handful of qualified buyers. Lack of buyer enthusiasm or persistence indicates that something is wrong. The remedy is professional brokerage or a consultation with more experienced sellers.
Share this article
Additional Resources for Entrepreneurs