November 22, 2019  
 
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Selling a Luggage Carriers Business

There's a right way and a wrong way to sell a luggage carriers business these days. More than ever before, it's important for sellers to know the tactics and techniques that are being used to maximize sales price and achieve desired sale outcomes.

Most business sellers are interested in disposing of their businesses as quickly as possible. But that's not how a luggage carriers business sale works.
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Undaunted by economic conditions, many luggage carriers business sellers are achieving their sale goals through deliberate sale strategies.

Selling Time

Hoping for a quick luggage carriers business sale? You may be disappointed. Unfortunately, there are no hard and fast rules about the length of time your business will be on the market. Pricing plays a role in sale length, but there are no guarantees that a fairly priced business will sell quickly. Before you can list your luggage carriers 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.

Tips for Working with A Business Broker

Brokerage is a mainstay of the business-for-sale marketplace. Brokers routinely work with luggage carriers business owners to achieve desired outcomes and deliver a successful sale as quickly as possible. But a good broker doesn't relieve your responsibility for contributing to the sale process. Like it or not, you are going to be an integral player in the sale of your luggage carriers business. Successfully brokered sales are based on solid relationships between brokers and sellers as well as the strict execution of a common selling strategy.

Family Business Sale Tips

Selling a business to a family member might sound like the best of both worlds. You get an exit strategy, your luggage carriers business stays in the family, and everyone is happy. Yeah, right. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. Although it may seem odd, a sale to a family member can take longer than a sale to a stranger because it may take time to work through family issues prior to closing.

More Exit Planning Articles

We think you may find these additional resources to be of interest.

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What Does a Business Broker Charge?

How to Sell a Business


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