December 12, 2019  
 
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Selling a Stork Rental Business

There's a right way and a wrong way to sell a stork rental business these days. More than ever before, it's important for sellers to know the tactics and techniques that are being used to maximize sales price and achieve desired sale outcomes.

Selling a stork rental business isn't as simple as listing a power tool on eBay. These days, the business-for-sale market is a hostile place for inexperienced and uninformed sellers.
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Undaunted by economic conditions, many stork rental business sellers are achieving their sale goals through deliberate sale strategies.

Pre-Sale Checklist

There is a lot of work that needs to be done before you're ready to sell your stork rental business. Perhaps the most important pre-sale consideration is to right-size your expectations to the realities of the market. After you have consulted with a business broker to right size your expectations, you'll need to add several items to your checklist, including financial statement preparation, pre-sale appraisals, financial planning, market positioning and other tasks designed to communicate value to prospective buyers.

Tapping Into Business Networks

Today's stork rental business buyers can be found in a variety of locations. Online business-for-sale databases like BizBuySell.com offer convenient resources for sellers interested in promoting their business to a broad prospect base. More focused prospects are typically found within industry networks. When leveraging industry relationships for sales prospects, you'll need to be cognizant of the potential for competitors to use knowledge of your sale against you in the marketplace. Use good sense in restricting the flow of information within the industry and focusing your efforts toward trusted industry allies.

Selling to a Family Member

Selling a business to a family member might sound like the best of both worlds. You get an exit strategy, your stork rental business stays in the family, and everyone is happy. Yeah, right. In fact, selling your stork rental business to a family member can quickly become a no-win proposition. Unless you have agreed to treat the family member like any other buyer, the risk of hard feelings among other potential heirs or family members is high. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.

More Exit Planning Articles

Given your interest in exit planning and in stork rental businesses, you might find these additional resources to be of interest.

Marketing a Stork Rental Business

How Much Is My Business Worth?


Conversation Board

What challenges have you experienced in selling a stork rental business or are you just getting started? If you have questions or advice to share, we'd love to hear from you!


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