November 19, 2019  
 
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Selling a Company

 

Selling a Light Bulbs and Tubes Retail Business

Is the economy still a little shaky for a business sale? Sure it is. Yet light bulbs and tubes retail businesses continue to sell at a brisk pace, regardless of the economy.

The light bulbs and tubes retail business-for-sale marketplace is a nuanced environment, full of pitfalls for sellers who aren't prepared for its demands.
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Eventually, it will the time will come to exit your business. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your light bulbs and tubes retail business.

When Is the Right Time to Sell?

When is it the right time to sell your light bulbs and tubes retail business? If you're asking the question, now may be the time to put your business on the market. Opinions are mixed and some consultants are advising light bulbs and tubes retail business sellers (or would-be sellers) to take a wait and see approach. At Gaebler, we have a much more optimistic view of your chances in the light bulbs and tubes retail business-for-sale market. The inventory of what we consider to be quality light bulbs and tubes retail businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.

Should I Hire a Business Broker?

When selling a light bulbs and tubes retail business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Business brokers typically charge a 10% "success fee" when they sell a business, but they also handle many of the hassles that are associated with selling a light bulbs and tubes retail business. 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 light bulbs and tubes retail business sale.

Selling to a Family Member

Selling a business to a family member might sound like the best of both worlds. You get an exit strategy, your light bulbs and tubes retail business stays in the family, and everyone is happy. Yeah, right. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. The best advice: if a family sale is a possibility, it needs to be handled objectively, with ample input from third-party advisors.

More Exit Planning Articles

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

Marketing a Light Bulbs and Tubes Retail Business

Role of Location In Selling a Business

How to Sell a Business

What Does a Business Broker Charge?


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