Mastering Niche Market Exit Planning
Selling a Nuts Retail Business
No one said selling your business in a depressed economy would be easy. But selling your nuts retail business doesn't have to be as daunting as it sounds.
The business-for-sale market is just as frustrating for buyers as it is for sellers these days. Although there are plenty of entrepreneurs who want to buy a nuts retail business, capital restrictions are holding them back.
More than a few nuts retail business owners fail to receive fair market value for their businesses. That's unfortunate because all it takes to get a fair price in today's market is ample planning and an awareness of what's important to buyers.
Maximizing Sales Price
There are no simple ways to sell a nuts retail business. If you don't know what you're doing, your business could languish on the market for months or even years. A business broker handles much of the legwork involved in the sale. If you try to sell your business without a broker, your time will be consumed by the details of the sale. Subsequently, you'll be distracted from the demands of your auto supply store, business will suffer, and the sale price you receive for your company will be dramatically reduced. Time after time, sellers who hire qualified brokers are more satisfied with the sales process - and the price they receive for their nuts retail businesses.
Valuation Methods
Professional appraisers can use three methods to determine the value ofa nuts retail business: The income method, the asset method and the market method. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
Factoring In Economic Variables
When you sell a nuts retail business, there are a number of variables you need to consider. Interest rates, spending, inflation, and other variables directly influence how long your nuts retail business will be on the market as well as its sales price. But at Gaebler, we advise our business partners to look beyond simple economic data when determining whether it's the right time to sell a nuts retail business. If you don't believe your nuts retail business would sell for top dollar right now, what can you do to make it more attractive to the marketplace? Increase profitability? Build brand visibility?. In our experience, the most important factors in the sale of a nuts retail business have little to do with the economy.
Share this article
Additional Resources for Entrepreneurs