October 15, 2019  
 
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Selling a Small Engines Repair Business

A lot can go wrong during the sale of a small engines repair business these days. We'll tell you how to keep your sale and your future plans on track.

If you plan on selling your small engines repair business quickly, prepare to be disappointed.
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If your exit strategy involves selling a small engines repair business these days, business sellers may need to apply a combination of incentives and techniques.

After the Sale

As your small engines repair businesssale nears completion, there is a lot of work remaining to be done. The transition to the new owner, the distribution of sale proceeds and other issues can weigh heavily on sellers. If there are pending details that still need to ironed out, address them ASAP to ensure a smooth closing and transition.

Buyer Identification

It's difficult to predict where the buyer of your small engines repair business will come from. Avoid pigeon-holing your search to a single buyer category. Many sellers achieve success by listing their small engines repair businesses in multiple channels. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.

Promoting a small engines repair business Sale

Successful small engines repair 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 small engines repair business is to enlist the assistance of a business broker who is skilled in locating and contacting prospective buyers.

More Exit Planning Articles

Given your interest in exit planning and in small engines repair businesses, you might find these additional resources to be of interest.

Marketing a Small Engines Repair Business

Pre-Exit Employee Incentive Programs

Entrepreneurial Exit Strategies

Terms of Investment Banking Agreement


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