October 13, 2019  
 
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Selling a Company

 

Selling a Promotional Hot Air Balloons Business

Business-for-sale markets are susceptible to a variety of influences. As you know, the promotional hot air balloons business market has been exceptionally volatile. Many sellers have exited their companies under less-than-ideal circumstances. Yet it's still possible to achieve personal and professional goals when selling a promotional hot air balloons business in the current economic environment.

Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
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However, serious buyers also understand the value of a good promotional hot air balloons business. To sell your promotional hot air balloons business, you'll need to go the extra mile to prove your company has the potential to deliver steady revenue and a solid ROI.

Equipment and Inventory Concerns

It's incumbent on buyers to commission their own appraisal of your promotional hot air balloons business's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. A pre-listing appraisal also gives you the opportunity to document the condition of your promotional hot air balloons business's assets and possible even make repairs or upgrades to increase the total value of the operation.

Average Timeframes

It's rarely possible to sell a promotional hot air balloons business in a month or two. 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. Before you can list your promotional hot air balloons business, you'll need to invest as much as a year in preparing it for prospective buyers. 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.

Working with Appraisers

There is no substitute for a qualified appraisal in the sale of your promotional hot air balloons business. Leading industry appraisers equip sellers with a value gauge that can be accessed during negotiations. If you're disappointed with the appraiser's estimate of your company's worth, you have the option of seeking a second opinion. However, it's more often the case that you will need to adjust your expectations of your business's value to buyers.

More Exit Planning Articles

Given your interest in exit planning and in promotional hot air balloons businesses, you might find these additional resources to be of interest.

Marketing a Promotional Hot Air Balloons Business

Entrepreneurial Exit Strategies


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