October 15, 2019  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Selling a Business

 

Selling a Pile Driving Residential Business

Your pile driving residential business is a tangible reminder of the passion and dedication you've invested in your entrepreneurial career. But the hard work isn't done yet. Before you can make a graceful exit, you will have to invest yourself in your business sale.

You need to get a good price for your pile driving residential business. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
(article continues below)

The business-for-sale market is extremely dynamic. Knowledgeable entrepreneurs understand that market timing isn't nearly as important as other factors in a pile driving residential business sale. You just need to know your buyers and structure the deal accordingly.

Negotiating Your Sale

As a business seller, you have to be at the top of your negotiating game. In a pile driving residential business sale, knowledge is power -- the more you know about your business and prospective buyers, the easier it is to sway negotiations in your favor. But before you can negotiate effectively, you need to have a clear sense of your minimum sale requirements. If you lack clarity about your goals, you're guaranteed to fall short of achieving of them. A negotiating strategy is essential because it not only establishes parameters, but also creates a plan for overcoming buyer objections and impasses.

Moving On

The decision to sell your pile driving residential business can't be made without adequate consideration of what will happen after the sale. 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 pile driving residential business attractive to buyers.

Advantages of Hiring a Broker

A good broker can offer several benefits to business sellers. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in pile driving residential businesses, you might find these additional resources to be of interest.

Marketing a Pile Driving Residential Business

Renewing Leases Prior to Selling a Business

Role of Location In Selling a Business

Pre-Exit Employee Incentive Programs


Conversation Board

Still have questions about selling a pile driving residential business? Ask away and we'll do our best to get you a timely reply. We also welcome any tips or advice you'd care to share with others.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Do You Plan on Starting a Pile Driving Residential Business Soon?

If you plan on opening a pile driving residential business, these guides will help you get started:

How to Start a Pile Driving Residential Business

Do You Market Products or Services to Pile Driving Residential Businesses?

If you consider pile driving residential businesses to be sales prospects, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:

Selling to Pile Driving Residential Businesses

Mailing Lists for Pile Driving Residential Businesses

More Business Transfer Information

If you are eager to get business succession tips for a different industry, please browse our directory of exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary