Niche Exit Planning Tactics
Selling a Whirlpool Baths Service and Repair Business
No one said selling your business in a depressed economy would be easy. Fortunately, a whirlpool baths service and repair business sale isn't as scary as it seems.
The decision to sell a whirlpool baths service and repair business is never easy. 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 whirlpool baths service and repair business a success.
There is no simple way to sell a business. But the most prepared whirlpool baths service and repair business sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.
How to Work with Business Brokers
Business brokers are professional business sellers. It's typical for whirlpool baths service and repair business to rely on brokers to reduce market time and increase the final sales price. However, your broker will still expect you to materially participate in the sale of your business. Successfully brokered sales are based on solid relationships between brokers and sellers as well as the strict execution of a common selling strategy.
Timing Your whirlpool baths service and repair business Sale
Most business owners know when it's time to exit their company. Opinions are mixed and some consultants are advising whirlpool baths service and repair business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the whirlpool baths service and repair business marketplace. The inventory of what we consider to be quality whirlpool baths service and repair businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Valuation Methods
Professional appraisers can use three methods to determine the value ofa whirlpool baths service and repair business: The income method, the asset method and the market method. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. 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.
Share this article
Additional Resources for Entrepreneurs