Business Exit Planning
Selling a Miniature Shops Business
Selling a miniature shops business doesn't happen overnight. It takes a deliberate process to get top dollar for your company.
You won't find any magic formulas for selling a miniature shops business, especially while the market is struggling to overcome the perceptions created by a down economy.
There is no simple way to sell a business. But the most prepared miniature shops business sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.
Finding Miniature Shops Business Buyers
Qualified miniature shops business buyers come from a range of sources and backgrounds. Avoid pigeon-holing your search to a single buyer category. That means listing your miniature shops business in trade-specific directories as well as general business-for-sale databases. networking may also prove to be a valuable resource for identifying prospective buyers, but only to the extent that it can be done discreetly.
What to Expect in a Miniature Shops Business Sale
The sale of a miniature shops business can be a rollercoaster of emotions. One minute you'll be elated at the possibility of moving on the next stage of your life and the next minute you'll be nostalgic about the memories of your time at the helm of your business. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Although it isn't easy, you can mitigate the emotional impact of a miniature shops business sale by setting realistic expectations before you list your business.
Working with Accountants
Accountants come into play at several stages of the sale process. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. You may also want your accountant to assist in the preparation of professional financials to present to serious buyers. In certain instances, it may be appropriate to ask your accountant to vet the financials of prospective buyers, run credit checks or even structure the terms of a seller-financed deal.
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