November 17, 2019  
 
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Selling a Company

 

Selling an Antique and Classic Motorcycle Dealership

You've invested time, effort, and creativity into building your antique and classic motorcycle dealership. To see your ownership role through to completion, you will need to exhibit similar diligence in selling your company.

If you plan on selling your antique and classic motorcycle dealership quickly, prepare to be disappointed.
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The business-for-sale market is extremely dynamic. That's why we think it's important for antique and classic motorcycle dealership owners to know that it's possible to sell a business in any economy. To improve sale outcomes, you will simply need to tailor your antique and classic motorcycle dealership to today's buyers.

Buyer Concessions

Sellers aren't the only ones who can make concessions in a business sale. In many instances, sellers can request buyer concessions. Although this scenario frequently plays out around seller financed deals, it's possible to push for a higher sales price or other form of compensation if you agree to mentor the buyer for a specified period of time. Like seller concessions, buyer concessions should be addressed during negotiations, before the preparation of a Letter of Intent.

Advertising Your Sale

Successful antique and classic motorcycle dealership sales listings are intentionally promoted to the right prospects. However, confidentiality and other concerns can present challenges, even for sales professionals. If sale information leaks out, competitors can use it to steal customers and circulate negative messages about your business throughout the industry. Business brokers are skilled at publicizing antique and classic motorcycle dealership sales while maintaining the confidentiality that is critical to your business.

The Best Person to Sell Your Antique & Classic Motorcycle Dealership

There are benefits and drawbacks to handling the sale of your antique and classic motorcycle dealership on your own. 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. However, your close connection to your company can also be a drawback. Business owners are subjective and biased about their company's true worth. So in many cases, the introduction of third-party opinions regarding value and negotiation parameters is a fundamental requirement for a successful antique and classic motorcycle dealership sale.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in antique and classic motorcycle dealerships, you might find these additional resources to be of interest.

Marketing an Antique and Classic Motorcycle Dealership

How Much Is My Business Worth?


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Hoping to Open an Antique & Classic Motorcycle Dealership?

If starting an antique and classic motorcycle dealership is on your agenda, these helpul resources may be just what you've been looking for:

How to Start an Antique & Classic Motorcycle Dealership

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If you want information on how to sell to antique and classic motorcycle dealerships, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:

Selling to Antique and Classic Motorcycle Dealerships

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