With planning and patience, most liquid filters businesses can be sold for a fair price in the current business-for-sale marketplace.
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Most liquid filters businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
What About Market Conditions?
No one plans to sell a liquid filters business in a down economy. So far, government intervention and promises that the economy is slowly recovering haven't been enough to alleviate many entrepreneur's fears. Despite the risks, sellers need to be cognizant of the fact that there is a large volume of liquid filters businesses waiting to be listed until the economy rebounds. When that happens, the buyers' market will become even stronger and have a negative impact on prices. The simple truth is that the economy shouldn't dictate whether or not now is the right time to sell a liquid filters business. Your individual circumstances and personal goals are more influential factors in determining when it's time to put your business on the market.
Preparing Your Employees
Business sellers walk a fine line when it comes to preparing their employees for a sale. On the one hand, confidentiality is critical for a successful liquid filters business sale. But sooner or later, employees will begin to suspect that something is up, especially when you start parading prospective buyers through the business. So at some point you will have to resign yourself to the idea of telling some or all of your employees that you have listed the liquid filters business on the market. Above all else, it's imperative to encourage your workers to maintain a positive attitude and work ethic. If you're having trouble navigating the employee minefield, consult a business broker for advice.
Broker vs. No Broker
When selling a liquid filters 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 liquid filters business much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
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