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.
(article continues below)
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.
We think you may find these additional resources to be of interest.
If starting a light bulbs and tubes retail business is on your agenda, these helpul resources may be just what you've been looking for:
If you consider light bulbs and tubes 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 list of exit planning guides below.