October 19, 2019  
 
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Selling a Suspended Ceilings Business

Looking for shortcuts? You won't find them when you sell a suspended ceilings business. In this industry, a business sale takes time, effort and dedication. But with a few tips, you can keep your shirt and your sanity in the sale of your business.

Dire economic forecasts have forced many suspended ceilings business sellers into hibernation. Instead of listing their companies now, they're hanging back until they see signs of an economic recovery.
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At Gaebler, we think that's a mistake because with adequate preparation and the right sale strategy, this might be the best time to put your suspended ceilings business on the market.

Preparing Your Suspended Ceilings Business for Sale

The outcome of a business sale is largely determined prior to a market listing. Profitable suspended ceilings business sales begin with a comprehensive strategy that incorporates planning, preparation and market positioning. Branding, market positioning, and revenue growth take time, but they directly influence the price your suspended ceilings business will command in the marketplace. But your efforts to improve your company's position and profitability will only be effective if you invest similar effort into the preparation of accurate financial statements for buyers.

Post-Sale Details

As your suspended ceilings businesssale nears completion, there is a lot of work remaining to be done. Handing over the keys and saying goodbye to your employees is easier said than done, and requires thoughtful consideration prior to closing. Ideally, these and other post-sale details should be addressed early on. But if you haven't dealt with them yet, it's important to have a frank conversation with the buyer, your broker and other professionals as soon as possible.

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 suspended ceilings business stays in the family, and everyone is happy. Yeah, right. 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. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.

More Exit Planning Articles

Ready to learn more? You may find these additional resources to be of interest.

Marketing a Suspended Ceilings Business

What Does a Business Broker Charge?

Selling to Competitors

Terms of Investment Banking Agreement


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What challenges have you experienced in selling a suspended ceilings 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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Need Information on Starting a Suspended Ceilings Business?

If you plan on opening a suspended ceilings business, these guides will help you get started:

How to Start a Suspended Ceilings Business

Do You Market Products or Services to Suspended Ceilings Businesses?

If you consider suspended ceilings businesses to be sales prospects, there's more applicable information for you elsewhere on our site. These helpful guides are more appropriate for you:

Selling to Suspended Ceilings Businesses

Mailing Lists for Suspended Ceilings Businesses

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