Niche Exit Planning Strategies
Selling a Drainboards Business
We hear from a lot of business owners who are timid about listing their drainboards business. Despite the mood of the market, we think there are still opportunities to receive a good price for your drainboards business. Here's what you need to know . . .
Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
However, serious buyers also understand the value of a good drainboards business. Financial statements and ROI are essential in converting modern drainboards business prospects into buyers.
How Much Does It Cost to Sell a drainboards business?
In a drainboards 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. Professional consultations can also represent a significant expense during the course of a drainboards business sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
What About Market Conditions?
No one plans to sell a drainboards business in a down economy. Entrepreneurs and investors still exhibit healthy skepticism, despite initial indication that recovery has begun. However, many business sellers don't realize that a full economic rebound can have devastating consequences, particularly if sellers who have waited to list their businesses suddenly create a glut in the business-for-sale marketplace. So what's our point? The economy isn't the most important factor in the sale of your business. Instead, you should be focusing on making your drainboards business as attractive as possible so to buyers right now.
Finding Drainboards Business Buyers
It's difficult to predict where the buyer of your drainboards business will come from. Avoid pigeon-holing your search to a single buyer category. That means listing your drainboards business in trade-specific directories as well as general business-for-sale databases. networking may also prove to be a valuable resource for identifying prospective buyers, but only to the extent that it can be done discreetly.
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