If you listen to many entrepreneurs, there never seems to be a good time to put a small business on the market.
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If you're ready to move on, now is the right time to sell your legal and financial printing business.
Equipment and Inventory Concerns
During due diligence, the buyer will undoubtedly conduct his own appraisal of your legal and financial printing business's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your legal and financial printing business.
Broker vs. No Broker
When selling a legal and financial printing 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 legal and financial printing business much less painful. A highly skilled broker can compensate for his commission by selling your business for a significantly higher price than you could achieve on your own. But whether you use a broker or not, you may want to list your legal and financial printing business on BizBuySell.com and other popular online business-for-sale listing sites.
Timing the Market
Now may be the best time to sell a legal and financial printing business. With interest rates at all-time lows, it's easy to see why legal and financial printing businesses are an appealing investment opportunity for savvy investors. When the economy recovers there will be more legal and financial printing business buyers on the market, but higher interest rates could present challenges. At Gaebler, we recognize the value of timing the sale of your legal and financial printing business. But we think it's more important to properly position your business for current market conditions -- whatever they may be.
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