November 17, 2019  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Selling a Company

 

Selling a Lighting Fixture Parts and Supplies Wholesale and Manufacturers Business

Is the economy still a little shaky for a business sale? Sure it is. Yet lighting fixture parts and supplies wholesale and manufacturers businesses haven't heard the news and are reporting steady action on the business-for-sale market.

You won't find any magic formulas for selling a lighting fixture parts and supplies wholesale and manufacturers business, especially while the market is struggling to overcome the perceptions created by a down economy.
(article continues below)

Does that mean selling your lighting fixture parts and supplies wholesale and manufacturers business will be a piece of cake? No -- but you might be surprised to learn that the lighting fixture parts and supplies wholesale and manufacturers businesses that are selling these days are finding success though simple, common sense selling strategies.

Emotional Considerations

Prepare yourself to feel a broad range of emotions when you sell a lighting fixture parts and supplies wholesale and manufacturers business. From hopefulness to remorse, it's all part of exiting of your company. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. You can prepare yourself by talking through your emotions with friends and family members, and thoroughly evaluating your minimum requirements before you put your lighting fixture parts and supplies wholesale and manufacturers business on the market.

Sale Costs

You'll need to incorporate the cost of the sale into the calculation the minimum price you are willing to receive for your lighting fixture parts and supplies wholesale and manufacturers business. Hiring a broker is a mixed bag because although brokers can increase the sale price, they also take a 10% fee. Professional consultations can also represent a significant expense during the course of a lighting fixture parts and supplies wholesale and manufacturers business sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.

Identifying Serious Buyers

Many prospective buyers will have a strong desire to acquire your lighting fixture parts and supplies wholesale and manufacturers business. The bad news is that they will lack the financial capacity to close the deal. Selling a business is hard enough. You can't afford to waste time on prospects that have no chance of turning their interest into an actual purchase. Your business broker can offer insights about how to quickly spot tire kickers. As a rule, they limit the amount of information that is provided in the initial stages of an engagement, waiting to reveal the juiciest details of the business until the prospect has been thoroughly vetted. Smart sellers may require prospects to provide background and financial information fairly early in the process as a way of verifying the financial capacity to close the deal.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in lighting fixture parts and supplies wholesale and manufacturers businesses, you might find these additional resources to be of interest.

Marketing a Lighting Fixture Parts and Supplies Wholesale and Manufacturers Business

What Does a Business Broker Charge?

Family Business Exit Plans

Pre-Exit Employee Incentive Programs


Conversation Board

Interested in learning more about how to sell a lighting fixture parts and supplies wholesale and manufacturers business? We invite you to send us your questions and feedback!


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Need Information on Starting a Lighting Fixture Parts & Supplies Wholesale & Manufacturers Business?

If you plan on opening a lighting fixture parts and supplies wholesale and manufacturers business, these guides will help you get started:

Starting a Lighting Fixture Parts & Supplies Wholesale & Manufacturers Business

Looking for Lighting Fixture Parts & Supplies Wholesale & Manufacturers Business Customers?

If you consider lighting fixture parts and supplies wholesale and manufacturers businesses to be sales prospects, this isn't the best resource for you on our site. Try these useful resources instead:

Selling to Lighting Fixture Parts and Supplies Wholesale and Manufacturers Businesses

Mailing Lists for Lighting Fixture Parts and Supplies Wholesale and Manufacturers Businesses

More Business Transfer Information

If you are eager to get business succession tips for a different industry, please browse our list of exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary