Although we're optimistic about the economy, we also recognize that it takes the right strategy to sell a lawn and garden chemicals retail business in today's market.
(article continues below)
Yet everyday, hundreds of listed lawn and garden chemicals retail businesses manage to pique the interest of qualified buyers. They do it by paying attention to the details that other business sellers overlook.
When Is the Right Time to Sell?
When is it the right time to sell your lawn and garden chemicals retail business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling lawn and garden chemicals retail business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the lawn and garden chemicals retail business marketplace. The inventory of what we consider to be quality lawn and garden chemicals retail businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Leveraging Seller Concessions
In the current marketplace, seller concessions can make the difference between a business sale and a lawn and garden chemicals retail business that languishes on the market for months or even years. By far, seller financing is the most sought-after concession, especially in the current economic environment. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. As an alternative, clearly state that seller financing is not an option and consider offering other concessions to see the sale through to its completion.
Maximizing Sales Price
There are no simple ways to sell a lawn and garden chemicals retail business. If you don't know what you're doing, your business could languish on the market for months or even years. Fortunately, a business broker can minimize the impact on your bank account and personal well-being. If you try to sell your business without a broker, your time will be consumed by the details of the sale. Subsequently, you'll be distracted from the demands of your auto supply store, business will suffer, and the sale price you receive for your company will be dramatically reduced. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their lawn and garden chemicals retail businesses.
Given your interest in exit planning and in lawn and garden chemicals retail businesses, you might find these additional resources to be of interest.
If starting a lawn and garden chemicals retail business is on your agenda, these guides will help you get started:
If you consider lawn and garden chemicals retail businesses to be sales prospects, this isn't the best resource for you on our site. Try these useful resources instead:
If you are looking for exit plan advice for a different kind of business, please browse our directory of exit planning guides below.