December 14, 2019  
 
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Selling a Generator Parts, Service, and Repair Business

You've learned a lot during your tenure as a generator parts, service, and repair business owner. Now the trick is to convince cautious buyers that your operation is worth the asking price.

You won't find any magic formulas for selling a generator parts, service, and repair business, especially while the market is struggling to overcome the perceptions created by a down economy.
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However, serious buyers also understand the value of a good generator parts, service, and repair business. To sell your generator parts, service, and repair business, you'll need to go the extra mile to prove your company has the potential to deliver steady revenue and a solid ROI.

Economic Considerations

When you sell a generator parts, service, and repair business, there are a number of variables you need to consider. Interest rates, spending, inflation, and other variables directly influence how long your generator parts, service, and repair business will be on the market as well as its sales price. But at Gaebler, we advise our business partners to look beyond simple economic data when determining whether it's the right time to sell a generator parts, service, and repair business. If you don't believe your generator parts, service, and repair business would sell for top dollar right now, what can you do to make it more attractive to the marketplace? Increase profitability? Build brand visibility?. When it comes to selling a generator parts, service, and repair business, successful sales sales often boil down to the business itself - not the economy.

Workforce Concerns

As a business owner, you want to keep you employees informed about your plans; as a seller it's in your best interest to keep your employees in the dark for as long as possible. 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 generator parts, service, and repair 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.

Selecting a Broker

A good business broker is your best bet for a fast and profitable business sale. In the generator parts, service, and repair business industry, experience is a must-have characteristic for qualified brokerage. The chemistry you have with your broker is a consideration. If you don't connect with a specific broker, move on to someone else - even if the first broker looks great on paper.

More Exit Planning Articles

Given your interest in exit planning and in generator parts, service, and repair businesses, you might find these additional resources to be of interest.

Marketing a Generator Parts, Service, and Repair Business

Selling Part of a Business

How To Choose An Investment Banker

How Much Is My Business Worth?


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