November 12, 2019  
 
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Selling a Locksmith Referral Services Business

We hear from a lot of business owners who are timid about listing their locksmith referral services business. Despite the mood of the market, we think there are still opportunities to receive a good price for your locksmith referral services business. Here's what you need to know . . .

Market timing is a perennial problem for business sellers.
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If you're ready to move on, now is the right time to sell your locksmith referral services business.

Timing the Market

Now may be the best time to sell a locksmith referral services business. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on locksmith referral services businesses. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. At Gaebler, we recognize the value of timing the sale of your locksmith referral services business. But we think it's more important to properly position your business for current market conditions -- whatever they may be.

Finding Locksmith Referral Services Business Buyers

It's difficult to predict where the buyer of your locksmith referral services business will come from. Avoid pigeon-holing your search to a single buyer category. Although it's helpful to target promotional tactics to likely buyers, allow for some exposure to the broader market. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.

Selecting a Broker

Good business brokers inevitably produce better business sales. In the locksmith referral services business industry, experience is a must-have characteristic for qualified brokerage. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling locksmith referral services businesses.

More Exit Planning Articles

Given your interest in exit planning and in locksmith referral services businesses, you might find these additional resources to be of interest.

Five Tips for Maximizing Your Business Sale Price

Marketing a Locksmith Referral Services Business

How To Choose An Investment Banker


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