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 Live Theater Business

You've learned a lot during your tenure as a live theater business owner. Now the trick is to convince cautious buyers that your operation is worth the asking price.

Business sellers sometimes face a long, hard struggle to get fair market value for their companies. But with the adequate preparation, your live theater business can attract buyers who recognize its potential.
(article continues below)

The business-for-sale market is extremely dynamic. So if you're waiting for the perfect market conditions to sell your live theater business, you could be waiting a while. If your business is ready to be sold, the time to sell is now. To improve sale outcomes, you will simply need to tailor your live theater business to today's buyers.

Leveraging Seller Concessions

Seller concessions are becoming more commonplace in business-for-sale transactions. The most common seller concession is seller financing. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.

Average Timeframes

It's rarely possible to sell a live theater business in a month or two. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. Before you can list your live theater business, you'll need to invest as much as a year in preparing it for prospective buyers. In a good market, an attractive live theater business can sell in as little as a few months, although it can take more than a year to find the right buyer after the business is listed.

Tips for Working with A Business Broker

Brokerage is a mainstay of the business-for-sale marketplace. Brokerage is particularly common in the live theater business-for-sale market, where aggressive selling strategies are the norm. However, your broker will still expect you to materially participate in the sale of your business. Successfully brokered sales are based on solid relationships between brokers and sellers as well as the strict execution of a common selling strategy.

More Exit Planning Articles

Given your interest in exit planning and in live theater businesses, you might find these additional resources to be of interest.

Marketing a Live Theater Business

Renewing Leases Prior to Selling a Business

Family Business Exit Plans

Selling to Competitors


Conversation Board

Did we forget to mention something about how to sell a live theater business? If so, tell us what's on your mind and let's keep the conversation going.


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

Hoping to Open a Live Theater Business?

If starting a live theater business is on your agenda, these helpul resources may be just what you've been looking for:

How to Start a Live Theater Business

Do You Market Products or Services to Live Theater Businesses?

If you consider live theater businesses to be sales prospects, this isn't the best resource for you on our site. Try these useful resources instead:

Selling to Live Theater Businesses

Mailing Lists for Live Theater Businesses

More Business Transfer Information

If you are looking for exit plan advice for a different kind of business, please browse our directory 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