When the economy recovers, we expect to see a sudden influx of liquor delivery services businesses in the business-for-sale marketplace. Although these companies have been for sale, their owners have resisted listing them until a better economy materializes.
(article continues below)
You'll always have an excuse for not putting your business on the market. Any liquor delivery services business can be sold at any time -- you just need to know how to influence the right buyers.
Hoping for a quick liquor delivery services business sale? You may be disappointed. The amount of time your business will be on the market depends on how aggressively it is priced and marketed. Before you can list your liquor delivery services business, you'll need to invest as much as a year in preparing it for prospective buyers. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.
Business sellers face a dilemma when it comes to their employees. The more people who know that the business is on the market, the riskier the sale becomes. 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 liquor delivery services business on the market. Maintain a positive tone in your conversations and answer your employees questions as completely as you can without jeopardizing the sale.
As your liquor delivery services businesssale nears completion, there is a lot of work remaining to be done. The transition to the new owner, the distribution of sale proceeds and other issues can weigh heavily on sellers. If there are pending details that still need to ironed out, address them ASAP to ensure a smooth closing and transition.
Given your interest in exit planning and in liquor delivery services businesses, you might find these additional resources to be of interest.
If you plan on opening a liquor delivery services business, these helpul resources may be just what you've been looking for:
If you consider liquor delivery services businesses to be sales prospects, this isn't the best resource for you on our site. Try these useful resources instead:
If you are eager to get business succession tips for a different industry, try our directory of exit planning guides below.