Exit Planning Tips
Selling a Ham Shop
It's a misconception that no one is buying ham shops these days. Savvy entrepreneurs see ham shop opportunities as a path to short-term profits and long-term growth. Here's what you need to know to get a fair price for your company.
You survived all the ups and downs of owning a business. Next, you'll need to prepare yourself to address the rigors of selling a ham shop.
In a skittish economy, ham shop sellers can access several strategies to receive fair market value from entrepreneurs who understand the value of a good business investment.
How to Work with Business Brokers
Brokerage is a mainstay of the business-for-sale marketplace. Brokers routinely work with ham shop owners to achieve desired outcomes and deliver a successful sale as quickly as possible. However, your broker will still expect you to materially participate in the sale of your business. To maximize your broker's potential, conduct periodic consultations throughout the process and deliver requested information as quickly as possible.
Advertising Your Sale
The best ham shop sales incorporate comprehensive advertising plans. However, confidentiality and other concerns can present challenges, even for sales professionals. If sale information leaks out, competitors can use it to steal customers and circulate negative messages about your business throughout the industry. Business brokers are skilled at publicizing ham shop sales while maintaining the confidentiality that is critical to your business.
Selling a Ham Shop to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. The time and expense of locating the right buyer will be nonexistent and you won't have to spend weeks showing the buyer every square inch of the company. Yet most employees lack the means to buy their employer's business at or near the asking price. A seller-financed deal may be necessary unless the employee has significant assets or investor backing.
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