Sell a Business Tips
Selling a Search and Rescue Business
You've heard the naysayers - now isn't the time to sell a search and rescue business. But what they don't know is that many entrepreneurs see search and rescue businesses as a smart business investment.
Most business sellers are interested in disposing of their businesses as quickly as possible. But that's not how a search and rescue business sale works.
More than a few search and rescue business sellers fail to receive fair market value for their businesses. With the right strategy, your sale doesn't have to end that way.
Family Issues
You're ready to sell your search and rescue business, but is your family prepared for the transition? Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. The sale of the business will likely result in new family dynamics. Subsequently, selling a search and rescue business has to include ample communication and shared decision-making.
Equipment and Inventory Concerns
Buyers typically perform an independent appraisal of your search and rescue business's inventory, equipment, and 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. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your search and rescue business.
How Much Does It Cost to Sell a search and rescue business?
In a search and rescue business sale, pricing is based on a number of factors, including the costs incurred during the sale. Good brokerage takes a 10% success fee off the top of the final sale price. Professional consultations can also represent a significant expense during the course of a search and rescue business sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
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