Sell a Business for the Best Price
Selling a Playground Equipment Wholesale and Manufacturers Business
We hear from a lot of business owners who are timid about listing their playground equipment wholesale and manufacturers business. Despite the mood of the market, we think there are still opportunities to receive a good price for your playground equipment wholesale and manufacturers business. Here's what you need to know . . .
Today's playground equipment wholesale and manufacturers business buyers tend to be more skeptical than most about the nation's economic outlook.
Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a playground equipment wholesale and manufacturers business.
Sweetening the Deal
Today's playground equipment wholesale and manufacturers business buyers expect sellers to offer concessions to persuade them to close the deal. Concessions can consist of non-cash as well as cash incentives. When you've reached your limit on price, consider offering non-cash concessions to encourage a commitment from the buyer. In the current economy, seller financing is becoming common in playground equipment wholesale and manufacturers business sales. If the prospect is inexperienced or lacks credentials in the industry, you can also offer to stay with the business for a specified period of time to help the new owner get on his feet and introduce him to your network of industry contacts.
Selling Time
Hoping for a quick playground equipment wholesale and manufacturers business sale? You may be disappointed. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. To adequately prepare your business listing, plan on spending six months to a year prior to listing. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.
Benefits of Third-Party Assistance
Rarely, if ever, do owners sell a playground equipment wholesale and manufacturers business without outside assistance. Although it's wise to recruit a business broker, brokerage isn't your only concern. We also suggest hiring an attorney, an appraiser, and an accountant early in the process. The early recruitment of external resources reduces your risk and results in a more predictable final outcome.
Share this article
Additional Resources for Entrepreneurs