Niche Exit Planning Strategies
Selling a Doll Clothes Business
Many business leaders say that now isn't the time to try to sell a doll clothes business. At Gaebler, we think it's a great time to sell a doll clothes business. Here's why . . ..
You need to get a good price for your doll clothes business. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
Undaunted by economic conditions, many doll clothes business sellers are achieving their sale goals through deliberate sale strategies.
Leveraging External Resources
Rarely, if ever, do owners sell a doll clothes business without outside assistance. The enlistment of a qualified business broker is an excellent first step. Other early hires include the professionals you will need to valuate the business, prepare financial statements and navigate legal considerations. The benefit of soliciting outside assistance early is that seemingly small decisions now can have big consequences later. By consulting professionals throughout the sale of your doll clothes business, you can avoid painful tax and legal complications both before and after closing.
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. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
Preparing Family Members
You're ready to sell your doll clothes business, but is your family prepared for the transition? In many cases, we find that even though business owners are equipped to handle their ownership exit, their family members are having a hard time letting go of the business, especially if family life has revolved around the demands of the doll clothes business. The sale of the business will likely result in new family dynamics. Subsequently, selling a doll clothes business often begins with a family conversation and a mutual decision to move on the next stage of life.
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