Sell a Business for the Best Price
Selling a Photographic Art Business
There are few things as intimidating as selling a business in a sluggish economy. Fortunately, a photographic art business sale isn't as scary as it seems.
Market timing is a perennial problem for business sellers.
Many business owners don't know that photographic art businesses are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.
Timing the Market
Timing is everything when it comes to selling a photographic art business. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on photographic art 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 photographic art business. But we think it's more important to properly position your business for current market conditions -- whatever they may be.
Buyer Concessions
Sellers aren't the only ones who can make concessions in a business sale. In many instances, sellers can request buyer concessions. Although this scenario frequently plays out around seller financed deals, it's possible to push for a higher sales price or other form of compensation if you agree to mentor the buyer for a specified period of time. Asset exclusions, retained ownership shares and long-term contracts with another of the seller's companies can also be leveraged to extract concessions from buyers.
Maximizing Sales Price
There are no simple ways to sell a photographic art business. If you don't know what you're doing, your business could languish on the market for months or even years. Fortunately, a business broker can minimize the impact on your bank account and personal well-being. 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. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their photographic art businesses.
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