Business Exit Planning
Selling a Magicians' and Jugglers' Equipment and Supplies Business
We hear from a lot of business owners who are timid about listing their magicians' and jugglers' equipment and supplies business. Despite the mood of the market, we think there are still opportunities to receive a good price for your magicians' and jugglers' equipment and supplies business. Here's what you need to know . . .
You survived all the ups and downs of owning a business. Next, you'll need to prepare yourself to address the rigors of selling a magicians' and jugglers' equipment and supplies business.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to magicians' and jugglers' equipment and supplies businesses that exhibit strong financials and potential for future growth.
Moving On
What will happen if your magicians' and jugglers' equipment and supplies business is a success? Although next steps may seem inconsequential, they actually play an important role in shaping the structure of the sale of your magicians' and jugglers' equipment and supplies business. We frequently encounter business sellers who haven't thought enough about their futures to know whether certain concessions (e.g seller financing) are a real possibility. As a result, they make bad decisions during the sale and experience less-than-optimal outcomes.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. By far, seller financing is the most sought-after concession, especially in the current economic environment. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. Other common seller concessions include staying on the mentor the new owner, non-compete clauses, and working as a consultant to mitigate the impact of new ownership.
Should I Hire a Business Broker?
When selling a magicians' and jugglers' equipment and supplies business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Although brokerage fees can be substantial, the right broker can reduce the amount of time your magicians' and jugglers' equipment and supplies business sits on the market. A highly skilled broker can compensate for his commission by selling your business for a significantly higher price than you could achieve on your own. But whether you use a broker or not, you may want to list your magicians' and jugglers' equipment and supplies business on BizBuySell.com and other popular online business-for-sale listing sites.
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