Business Exit Planning
Selling a Motorcycle and Motor Scooter Painting and Customizing Business
We hear from a lot of business owners who are timid about listing their motorcycle and motor scooter painting and customizing business. Despite the mood of the market, we think there are still opportunities to receive a good price for your motorcycle and motor scooter painting and customizing business. Here's what you need to know . . .
Selling a motorcycle and motor scooter painting and customizing business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
You'll always have an excuse for not putting your business on the market. Selling a motorcycle and motor scooter painting and customizing business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Legal Considerations
It's obvious that you're going to need to hire an attorney to finalize the sale of your motorcycle and motor scooter painting and customizing business. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. In some cases, an attorney may also provide assistance in securing long-term leases or vendor contracts to make your motorcycle and motor scooter painting and customizing business more attractive to buyers. If you don't know an attorney with experience in the business-for-sale market, ask your broker for a referral.
The Case for Confidentiality
Confidentiality determines risk in the business-for-sale marketplace. 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. Although it can be difficult, it's important to strike a balance between confidentiality and sale promotion. Brokers and consultants can mitigate the risk by implementing confidential sale techniques.
Moving On
What will happen if your motorcycle and motor scooter painting and customizing business is a success? many sellers find themselves ill-equipped to handle life after their business and fail to understand that their future plans can influence the sale process. For example, seller financing can be an extremely valuable concession, especially in the current economy. But if you need all of the proceeds of the sale upfront, seller financing is off the table and you'll need to find a different way to make your motorcycle and motor scooter painting and customizing business attractive to buyers.
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