November 17, 2019 is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs


How to Sell to a Business


Selling a Luggage Wholesale and Manufacturers Business

Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet luggage wholesale and manufacturers businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.

According to the experts, there is currently a large volume of shadow inventory in the luggage wholesale and manufacturers business market -- businesses that are waiting to be listed until the economy recovers.
(article continues below)

Undaunted by economic conditions, many luggage wholesale and manufacturers business sellers are achieving their sale goals through deliberate sale strategies.

Average Preparation Time

It's critical to properly plan for the sale ofa luggage wholesale and manufacturers business. For starters, the financials need to demonstrate a track record of profitability and growth. Additionally, prospective buyers usually request documentation that allows them to understand the business's daily workflows and operational strategy. At a minimum, plan on spending six months preparing your luggage wholesale and manufacturers business for the marketplace. A more likely scenario is that it will take more than a year to create the conditions necessary to receive the maximum sale price.

Why Confidentiality Matters

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. Brokers and consultants can mitigate the risk by implementing confidential sale techniques.

Signs You're in Over Your Head

The luggage wholesale and manufacturers business-for-sale marketplace is a mixed bag of brokered sales and solo efforts. Although there are exceptions, solo sales typically take longer and are less productive than brokered sales. Generally, listed businesses should generate interest within a few months. Lack of buyer enthusiasm or persistence indicates that something is wrong. Hire a broker and conduct a professional appraisal ASAP.

More Exit Planning Articles

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

Pros and Cons of Using Business Brokers

Marketing a Luggage Wholesale and Manufacturers Business

How Much Is My Business Worth?

Conversation Board

Did we forget to mention something about how to sell a luggage wholesale and manufacturers 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

Need Information on Starting a Luggage Wholesale & Manufacturers Business?

If starting a luggage wholesale and manufacturers business is on your agenda, these helpul resources may be just what you've been looking for:

How to Start a Luggage Wholesale & Manufacturers Business

Do You Market Products or Services to Luggage Wholesale & Manufacturers Businesses?

If you consider luggage wholesale and manufacturers businesses to be sales prospects, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:

Selling to Luggage Wholesale and Manufacturers Businesses

Mailing Lists for Luggage Wholesale and Manufacturers 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


Business Glossary