November 17, 2019  
 
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Selling a Lawn Mowers Parts Business

The sale of a lawn mowers parts business can be a difficult and trying process. But with a few tips, you can keep your shirt and your sanity in the sale of your business.

With planning and patience, most lawn mowers parts businesses can be sold for a fair price in the current business-for-sale marketplace.
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Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a lawn mowers parts business.

Family Business Sale Tips

There is no easy way to sell a lawn mowers parts business, not even to a family member. In fact, selling your lawn mowers parts business to a family member can quickly become a no-win proposition. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.

Broker vs. No Broker

When selling a lawn mowers parts business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your lawn mowers parts business much less painful. If you're on the fence, do your research before you make a final decision. BizBuySell.com and other websites offer detailed information about brokers and the process of performing a brokered lawn mowers parts business sale.

Average Timeframes

Hoping for a quick lawn mowers parts business sale? You may be disappointed. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. Before you can list your lawn mowers parts business, you'll need to invest as much as a year in preparing it for prospective buyers. In a good market, an attractive lawn mowers parts business can sell in as little as a few months, although it can take more than a year to find the right buyer after the business is listed.

More Exit Planning Articles

Given your interest in exit planning and in lawn mowers parts businesses, you might find these additional resources to be of interest.

Five Tips for Maximizing Your Business Sale Price

Marketing a Lawn Mowers Parts Business

Role of Location In Selling a Business


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