Exit Planning Techniques By Market
Selling a Furniture Caning Services Business
Is the economy still a little shaky for a business sale? Sure it is. Yet furniture caning services businesses haven't heard the news and are reporting steady action on the business-for-sale market.
Although we're optimistic about the economy, we also recognize that it takes the right strategy to sell a furniture caning services business in today's market.
But the good news is that there is still demand for furniture caning services businesses that present well and offer solid earning potential.
Why Confidentiality Matters
Highly publicized furniture caning services business sales are risky furniture caning services businesssales. A low-key selling strategy is a low risk activity because you can control who does (and doesn't) know that your business is on the market. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Although it can be difficult, it's important to strike a balance between confidentiality and sale promotion. If confidentiality is important to you (and it should be), your best bet is to consult with a professional business broker about maintaining a confidential furniture caning services business sale.
Timing the Market
Worried about timing? Believe it or not, this could be an advantageous time to put a furniture caning services business up for sale. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on furniture caning services businesses. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. At Gaebler, we recognize the value of timing the sale of your furniture caning services business. But we think it's more important to properly position your business for current market conditions -- whatever they may be.
Benefits of Third-Party Assistance
Rarely, if ever, do owners sell a furniture caning services 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 early recruitment of external resources reduces your risk and results in a more predictable final outcome.
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