Exit Planning Tips
Selling a Hair Curlers Business
With the economy struggling to rebound, the shadow inventory of hair curlers businesses in the business-for-sale marketplace seems to be rising. That could make this the perfect time to list a successful hair curlers business
You need to get a good price for your hair curlers business. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
Too often hair curlers business owners fail to receive fair market value for their businesses. With the right strategy, your sale doesn't have to end that way.
Finding Prospects
Many sellers don't realize how many prospective buyers there are for their businesses. We frequently see qualified buyers emerge from the seller's network of business and personal acquaintances. In other cases, sellers take a proactive approach to finding likely buyers and contacting them directly. If possible, steer clear of selling to a competitor if for no other reason than the fact that competitors pay less for hair curlers businesses than other buyers.
Finding Hair Curlers Business Buyers
It's difficult to predict where the buyer of your hair curlers business will come from. Avoid pigeon-holing your search to a single buyer category. Although it's helpful to target promotional tactics to likely buyers, allow for some exposure to the broader market. networking may also prove to be a valuable resource for identifying prospective buyers, but only to the extent that it can be done discreetly.
Advantages of Hiring a Broker
A good broker can offer several benefits to business sellers. First-rate brokers are extremely skilled at communicating your company's strengths to prospective buyers. Second, a good business broker is a master at confidentiality locating hair curlers business sale prospects and guiding sellers through negotiations. Brokerage isn't cheap. But even though you can spend as much as 10% of the sale price on a good broker, you'll likely achieve decent ROI through an improved final sale price.
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