September 15, 2019 is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

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How to Sell to a Business


Selling a Street Cleaning Business

Most businesses are susceptible to economic conditions and street cleaning businesses are no exception. But in some cases, a down economy can actually improve saleability. All it takes is a strategy to identify solid prospects and convert them to buyers.

You survived all the ups and downs of owning a business. Next, you'll need to prepare yourself to address the rigors of selling a street cleaning business.
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Although it takes hard work and dedication, if it's time to exit your street cleaning business there is a good chance you can sell it for a good price -- even in today's market.

Preparing Family Members

Many sellers embarked on their street cleaning business sale without adequately considering the impact it will have on their families. Whether you realize it or not, your street cleaning business has been an important part of your family life. Unless everyone is prepared for it, the sale could have a devastating effect on your family. The decision to sell a street cleaning business often begins with a family conversation and a mutual decision to move on the next stage of life.

Benefits of Third-Party Assistance

Rarely, if ever, do owners sell a street cleaning business without outside assistance. Brokers can be an important resource for your sale, especially if you are unfamiliar with the business-for-sale marketplace. Additionally, you may want to hire professionals for legal, valuation and other functions before you put your business on the market. The early recruitment of external resources reduces your risk and results in a more predictable final outcome.

Valuation Methods

Professional appraisers can use three methods to determine the value ofa street cleaning business: The income method, the asset method and the market method. The income method determines value based on the amount of income the business is expected to generate. The asset method, on the other hand, is based on the value of tangible and non-tangible assets (e.g. brands and trademarks). Finally, the market method determines the worth of your street cleaning business based on the sales of similar businesses in your geographic area. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.

More Info on Business Transitions and Related Articles

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

Terms of Investment Banking Agreement

Marketing a Street Cleaning Business

What Does a Business Broker Charge?

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Hoping to Open a Street Cleaning Business?

If starting a street cleaning business is on your agenda, these helpul resources may be just what you've been looking for:

How to Start a Street Cleaning Business

Looking for Street Cleaning Business Customers?

If you consider street cleaning businesses to be sales prospects, there's more applicable information for you elsewhere on our site. Try these useful resources instead:

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