Exit Planning Tips
Selling a Home Improvement Referral and Information Services Business
At first glance, an unstable economy would seem to be an unfriendly atmosphere for a home improvement referral and information services business sale. But in reality, now may be the perfect time to sell a home improvement referral and information services business.
The economy isn't the only thing that is uncertain these days. So are home improvement referral and information services business buyers, many of whom are waiting to pull the trigger on their next acquisition.
The business-for-sale market is extremely dynamic. Knowledgeable entrepreneurs understand that market timing isn't nearly as important as other factors in a home improvement referral and information services business sale. To improve sale outcomes, you will simply need to tailor your home improvement referral and information services business to today's buyers.
Preparing for What's Next
The decision to sell your home improvement referral and information services business can't be made without adequate consideration of what will happen after the sale. many sellers find themselves ill-equipped to handle life after their business and fail to understand that their future plans can influence the sale process. In today's market, many buyers expect seller financing - a concession that might not be a possibility for sellers whose next step requires the entire proceeds at the time of the sale.
Dealing with Tire Kickers
Unfortunately, many of the prospects you will encounter aren't serious buyers. Selling a business is hard enough. You can't afford to waste time on prospects that have no chance of turning their interest into an actual purchase. If you aren't sure what to look for in a serious buyer, ask your broker for advice. Never provide detailed information about your home improvement referral and information services business until the prospect has been qualified as a serious buyer.
Leveraging Industry Connections
These days, home improvement referral and information services business buyers are an extremely diverse group with backgrounds in and outside of the industry. To advertise your sale to the widest possible audience, consider a listing on BizBuySell.com or other top online business-for-sale listing sites. For more targeted lead generation, consider tapping into your network of industry contacts. When leveraging industry relationships for sales prospects, you'll need to be cognizant of the potential for competitors to use knowledge of your sale against you in the marketplace. Your broker may be able to offer strategies for promoting your sale within your network while maintaining some remnant of a confidential sale.
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