Exit Planning Tips

Selling a Hydroseeding Services Business

Many business leaders say that now isn't the time to try to sell a hydroseeding services business. At Gaebler, we think it's a great time to sell a hydroseeding services business. Here's why . . ..

Although we're optimistic about the economy, we also recognize that it takes the right strategy to sell a hydroseeding services business in today's market.

It may require a little finesse, but if you're prepared to take the next step in your entrepreneurial career then it's time to brave the hydroseeding services business market and locate potential buyers ASAP.

Working with Accountants

Accountants come into play at several stages of the sale process. Most hydroseeding services business have significant tax consequences requiring the input of a qualified accountant. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. In certain instances, it may be appropriate to ask your accountant to vet the financials of prospective buyers, run credit checks or even structure the terms of a seller-financed deal.

Selling a Hydroseeding Services Business to an Employee

Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. Since the worker already knows the ins and outs of the business, due diligence should be a breeze, not to mention the fact that you won't have to wait months or years for the right buyer to emerge on the open marketplace. 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.

Average Preparation Time

It's critical to properly plan for the sale ofa hydroseeding services business. Buyers want to see growth trends, healthy profits and other variables that increase the likelihood of long-term success. Next, the business will need to be documented in professional financial statements and manuals that facilitate the ownership transition. Since all of this takes time and effort, a hydroseeding services business can rarely be ready for the marketplace in less than six months. However, to command the highest price, you'll probably need to spend one to two years preparing and positioning your business for buyers.

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