September 15, 2019  
 
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How to Sell to a Business

 

Selling a Skywriting Services Business

You've invested time, effort, and creativity into building your skywriting services business. To see your ownership role through to completion, you will need to exhibit similar diligence in selling your company.

Most entrepreneurs have the skills and stamina to endure and prosper during the sale ofa skywriting services business.
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There is no simple way to sell a business. But the most prepared skywriting services business sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.

Hiring an Attorney

It's obvious that you're going to need to hire an attorney to finalize the sale of your skywriting services business. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.

Leveraging Seller Concessions

Seller concessions are becoming more commonplace in business-for-sale transactions. By far, seller financing is the most sought-after concession, especially in the current economic environment. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.

Average Timeframes

Hoping for a quick skywriting services 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. Before you can list your skywriting services 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.

More Exit Planning Articles

We think you may find these additional resources to be of interest.

Why Most Businesses Do Not Have Exit Plans

Marketing a Skywriting Services Business

Selling Part of a Business


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