Sell a Business Tips
Selling a Stucco and Exterior Coating Contractors Business
Economic uncertainty influences the timing of many stucco and exterior coating contractors business sales. But based on what we're seeing in the business-for-sale marketplace, we don't think economic conditions should deter you from putting your stucco and exterior coating contractors business on the market.
The economy isn't the only thing that is uncertain these days. So are stucco and exterior coating contractors business buyers, many of whom are waiting to pull the trigger on their next acquisition.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to stucco and exterior coating contractors businesses that exhibit strong financials and potential for future growth.
Selling to a Family Member
The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based stucco and exterior coating contractors business sale can be more complicated than selling to a stranger. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. The best advice: if a family sale is a possibility, it needs to be handled objectively, with ample input from third-party advisors.
Laying the Groundwork
Effective stucco and exterior coating contractors business preparation focuses on communicating value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a stucco and exterior coating contractors business to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium stucco and exterior coating contractors business opportunity.
Working with Accountants
Professional accountants lend credibility to the financial preparation of a stucco and exterior coating contractors business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. In many instances, your accountant will be invaluable in evaluating prospective buyers' financial position and buying capacity.
Share this article
Additional Resources for Entrepreneurs