The buzz in the marketplace is that now isn't the right time to sell a linoleum wholesale and manufacturers business. Consequently, sellers are holding their businesses off the market until they are sure the market will sustain their asking prices.
(article continues below)
If you're ready to move on, now is the right time to sell your linoleum wholesale and manufacturers business.
Hiring an Attorney
It pays to invest in first-rate legal counsel when you sell a linoleum wholesale and manufacturers business. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.
Laying the Groundwork
Effective linoleum wholesale and manufacturers business preparation focuses on communicating value to prospective buyers. A first-rate business broker can give your business an edge by facilitating the preparation process and orienting your presentation toward today's buyers. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium linoleum wholesale and manufacturers business opportunity.
Pros & Cons of a Sale to an Employee
Although it may seem easier to sell your linoleum wholesale and manufacturers business to an employee, this approach also has some pitfalls. A faithful employee may have the motivation and ability to continue to operate the business. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. However, some employees feel they are entitled to special treatment and pricing, especially if they have played a key role in the company's success. Seller financing is one way to get around the capital deficit of an employee-based linoleum wholesale and manufacturers business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.
Given your interest in exit planning and in linoleum wholesale and manufacturers businesses, you might find these additional resources to be of interest.
If starting a linoleum wholesale and manufacturers business is on your agenda, these helpul resources may be just what you've been looking for:
If you want information on how to sell to linoleum wholesale and manufacturers businesses, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:
If you are looking for exit plan advice for a different kind of business, please browse our directory of exit planning guides below.