Sell a Business Tips
Selling a Stucco and Exterior Coating Contractors Commercial and Industrial Business
Don't believe anyone who tells you it's easy to sell a stucco and exterior coating contractors commercial and industrial business. A lot of things need to happen before you can successfully exit your business. But with a few tips, you can keep your shirt and your sanity in the sale of your business.
Like it or not, a stucco and exterior coating contractors commercial and industrial business sale is a complicated affair, made even more difficult by the emotions associated with leaving a business you've poured your life into. In addition to the personal enjoyment you received from the business, you probably have concerns about what will happen to the people who made your stucco and exterior coating contractors commercial and industrial business a success.
The economy hasn't squashed the market for stucco and exterior coating contractors commercial and industrial businesses. Like always, unprofitable and poorly positioned businesses struggle to find buyers while sellers who have invested time and effort to prepare their sale are being rewarded in the marketplace.
Seller Financing
The shortage in today's marketplace isn't interested buyers -- it's capital. Thanks to more stringent commercial lending requirements, sellers have become de facto lenders, providing the financing buyers need to get their feet in the door. As you prepare for the sale of your stucco and exterior coating contractors commercial and industrial business, expect to be asked to finance a substantial part of the sale price.
Maintaining Objectivity
Objectivity is a rare commodity in a business sale. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. Although it may be a hard pill to swallow, you need to find a way to introduce objectivity into your sale. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.
Legal Considerations
It's obvious that you're going to need to hire an attorney to finalize the sale of your stucco and exterior coating contractors commercial and industrial 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.
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