November 15, 2019  
 
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Selling a Business

 

Selling a Lamp Shades Cleaning, Repairing, and Recovering Business

Business-for-sale markets are susceptible to a variety of influences. As you know, the lamp shades cleaning, repairing, and recovering business industry has seen more than its share of fluctuations in business values. Many sellers have exited their companies under less-than-ideal circumstances. Yet it's still possible to achieve personal and professional goals when selling a lamp shades cleaning, repairing, and recovering business during challenging economic times.

The business-for-sale market is just as frustrating for buyers as it is for sellers these days. There are lots of buyers who want to own a lamp shades cleaning, repairing, and recovering business, but have limited capital to get their foot in the door.
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Success is a factor of preparation, execution and a keen eye for the market. As a business seller, you need to go into the process with the mental goal of presenting your business in the best possible light.

Leveraging Industry Connections

Today's lamp shades cleaning, repairing, and recovering business buyers can be found in a variety of locations. To advertise your sale to the widest possible audience, consider a listing on BizBuySell.com or other top online business-for-sale listing sites. But industry connections can also be a valuable source of leads. 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.

Current Market Conditions

No one plans to sell a lamp shades cleaning, repairing, and recovering business in a down economy. So far, government intervention and promises that the economy is slowly recovering haven't been enough to alleviate many entrepreneur's fears. However, many business sellers don't realize that a full economic rebound can have devastating consequences, particularly if sellers who have waited to list their businesses suddenly create a glut in the business-for-sale marketplace. The simple truth is that the economy shouldn't dictate whether or not now is the right time to sell a lamp shades cleaning, repairing, and recovering business. Your individual circumstances and personal goals are more influential factors in determining when it's time to put your business on the market.

Seller Financing

Capital is hard to come by these days. Financial institutions have tightened up their lending policies, making it difficult for inexperienced and undercapitalized entrepreneurs to buy lamp shades cleaning, repairing, and recovering businesses. As a result, buyers expect sellers to finance a significant portion of the sale. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.

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We think you may find these additional resources to be of interest.

Marketing a Lamp Shades Cleaning, Repairing, and Recovering Business

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How to Sell a Business

Renewing Leases Prior to Selling a Business


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What challenges have you experienced in selling a lamp shades cleaning, repairing, and recovering business or are you just getting started? If you have questions or advice to share, we'd love to hear from you!


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