November 19, 2019  
 
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Selling a Log Splitting Equipment Business

Your log splitting equipment business has been good to you. The next step is to position your business for the demands of the business-for-sale marketplace.

Intimidated by a sluggish economy, business buyers are more cautious than ever.
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Despite the conventional wisdom, we believe current economic conditions are right for selling a log splitting equipment business. We'll tell you what you need to know to achieve a successful sale outcome

Legal Concerns

In a log splitting equipment business sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . If you are seeking buyer concessions, the time to address them is before the Letter of Intent is drafted. For sellers, that makes a close review of the Letter of Intent more than a formality - it's a critical juncture on the path to closing.

What to Expect in a Log Splitting Equipment Business Sale

It's impossible to predict the emotional highs and lows you will experience during the sale of your log splitting equipment business. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Accurate expectations, a solid strategy and a strong support system can be valuable resources for coping with the personal impact of the sale.

The Case for Confidentiality

In the business-for-sale universe, publicity translates into risk. A low-key selling strategy is a low risk activity because you can control who does (and doesn't) know that your business is on the market. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Successful sales walk a fine line between total confidentiality and aggressive promotion. We recommend consulting a business broker to learn how you can simultaneously identify prospective buyers and maintain a confidential sale environment.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in log splitting equipment businesses, you might find these additional resources to be of interest.

Marketing a Log Splitting Equipment Business

Selling to Competitors

Role of Location In Selling a Business

What Does a Business Broker Charge?


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