November 11, 2019  
 
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Selling a Company

 

Selling a Pilot Car Services Business

Despite the pessimistic mood of many sellers, your pilot car business can be a high value acquisition target for ambitious entrepreneurs -- even in today's tough economy.

Intimidated by a sluggish economy, business buyers are more cautious than ever.
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But the good news is that there is still demand for pilot car businesses that present well and offer solid earning potential.

Benefits of Third-Party Assistance

At some point, you're going to need help selling your pilot car business. Brokers can be an important resource for your sale, especially if you are unfamiliar with the business-for-sale marketplace. Additionally, you may want to hire professionals for legal, valuation and other functions before you put your business on the market. The benefit of soliciting outside assistance early is that seemingly small decisions now can have big consequences later. By consulting professionals throughout the sale of your pilot car business, you can avoid painful tax and legal complications both before and after closing.

Seller Financing

Capital is hard to come by these days. Financial institutions have tightened up their lending policies, making it difficult for inexperienced and undercapitalized entrepreneurs to buy pilot car businesses. As a result, buyers expect sellers to finance a significant portion of the sale. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.

Promoting a pilot car business Sale

Successful pilot car business sales incorporate comprehensive advertising plans. However, confidentiality and other concerns can present challenges, even for sales professionals. If sale information leaks out, competitors can use it to steal customers and circulate negative messages about your business throughout the industry. The best way to advertise a pilot car business is to enlist the assistance of a business broker who is skilled in locating and contacting prospective buyers.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in pilot car businesses, you might find these additional resources to be of interest.

Family Business Exit Plans

Marketing a Pilot Car Services Business

Pros and Cons of Using Business Brokers


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