Advice on Niche Market Exit Planning
Selling a Tuckpointing and Cleaning Business
You've invested time, effort, and creativity into building your tuckpointing and cleaning business. But the hard work isn't done yet. Before you can make a graceful exit, you will have to invest yourself in your business sale.
You need to get a good price for your tuckpointing and cleaning business. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
Eventually, it will the time will come to exit your business. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your tuckpointing and cleaning business.
Valuation Methods
Professional appraisers can use three methods to determine the value ofa tuckpointing and 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). In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. All three methods have multiple variations and it's not uncommon for appraisers to use a combination of the three to determine the value of your business. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
The Best Person to Sell Your Tuckpointing & Cleaning Business
An unassisted business sale is a double-edged sword. On the one hand, no one knows your business better than you do. When it comes to earnings potential, asset condition, and other considerations, you are the world's leading expert on your company. The problem is that your passion for your business can also sabotage your sale. Nearly all sellers have an inflated sense of their company's value. At a minimum, conduct an independent appraisal of the tuckpointing and cleaning business to gain an objective sense of fair market value.
Factoring In Economic Variables
When you sell a tuckpointing and cleaning business, there are a number of variables you need to consider. A combination of economic conditions and market sentiment can complicate your sale. But at Gaebler, we advise our business partners to look beyond simple economic data when determining whether it's the right time to sell a tuckpointing and cleaning business. A much better approach is to focus on the factors that always attract buyers and investors. One thing is for sure - buyers are paying more attention to your company's profitability and growth potential than they are to the latest quarterly economic indicators.
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