Business Exits By Industry
Selling a Countertops and Sink Tops Business
With the economy struggling to rebound, the shadow inventory of countertops and sink tops businesses in the business-for-sale marketplace seems to be rising. That could make this the perfect time to list a successful countertops and sink tops business
In a down economy, many countertops and sink tops business sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of countertops and sink tops businesses that are actually for sale.
Most countertops and sink tops businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
Average Timeframes
From the day they decide to sell their company, the question that plagues many owners is how long it will take to sell their countertops and sink tops business. Unfortunately, there are no hard and fast rules about the length of time your business will be on the market. Pricing plays a role in sale length, but there are no guarantees that a fairly priced business will sell quickly. Before you can list your countertops and sink tops business, you'll need to invest as much as a year in preparing it for prospective buyers. In a good market, an attractive countertops and sink tops business can sell in as little as a few months, although it can take more than a year to find the right buyer after the business is listed.
Legal Considerations
It's obvious that you're going to need to hire an attorney to finalize the sale of your countertops and sink tops business. Tackling the legal nuances and tax ramifications of a sale without a first-rate business lawyer is an invitation for disaster. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.
Negotiation Exit Strategy
Negotiations have a way of dragging on forever. Yet eventually many negotiations reach a stage where further discussion is pointless. It's not unusual for a countertops and sink tops business sale negotiation to reach an impasse over price or other concessions. At this point in the process, an awareness of negotiation parameters really pays off. If the buyer is unwilling to accept your minimum demands, it's time to end negotiations and move on to the next prospect.
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