Sell a Business for the Best Price
Selling a Party Games Business
The decision to sell your party games business isn't something that should be taken lightly, especially these days. If a business exit is on the horizon, you'll want to check out our suggestions for staying ahead of the market.
Selling a party games business isn't as simple as listing a power tool on eBay. These days, the business-for-sale market is a hostile place for inexperienced and uninformed sellers.
If your exit strategy involves selling a party games business in this environment, sellers need to make a strong case for buyers to purchase at or near the asking price.
When to End Negotiations
Negotiations have a way of dragging on forever. But sooner or later, someone needs to bring negotiations to a close. Unfortunately, that responsibility often falls on the seller. In a party games business sale, a stalled negotiation can be an indication that the deal is dead. Since it can be difficult to tell whether the buyer is serious or playing games, it's important to know the lower boundaries of your negotiation strategy and be willing to walk away from the negotiation table, if necessary.
Hiring an Attorney
It's obvious that you're going to need to hire an attorney to finalize the sale of your party games business. Tackling the legal nuances and tax ramifications of a sale without a first-rate business lawyer is an invitation for disaster. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.
Timing the Market
Worried about timing? Believe it or not, this could be an advantageous time to put a party games business up for sale. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on party games businesses. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. At Gaebler, we recognize the value of timing the sale of your party games business. But we think it's more important to properly position your business for current market conditions -- whatever they may be.
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