November 20, 2019  
 
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Selling a Company

 

Selling an Aquarium Leasing and Maintenance Business

A good business is about more than dollars and sense. To make your aquarium leasing and maintenance business what it is today, you've had to fully invest yourself in its success. 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.

Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
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There is no simple way to sell a business. But the most prepared aquarium leasing and maintenance business sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.

Preparing Family Members

Many sellers embarked on their aquarium leasing and maintenance business sale without adequately considering the impact it will have on their families. Whether you realize it or not, your aquarium leasing and maintenance business has been an important part of your family life. The sale of the business will likely result in new family dynamics. To keep the family intact, the sale of an aquarium leasing and maintenance business should allow opportunities for all family members to share their feelings and offer input about the sale process.

Equipment and Inventory Concerns

It's incumbent on buyers to commission their own appraisal of your aquarium leasing and maintenance business's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. Without an accurate assessment of asset values it's impossible to intelligently negotiate on price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your aquarium leasing and maintenance business.

Adjusting Expectations

If you're smart, you entered your aquarium leasing and maintenance business with a set of assumptions about what it would achieve. But it's highly unlikely that the sale will meet all of your expectations, especially if your initial estimates were created without the benefit of a solid appraisal or market knowledge. Despite your best efforts, you need to prepare yourself for the possibility of receiving less than you expected from the sale of your aquarium leasing and maintenance business. If price is the most important outcome, you may need to agree to seller financing or other concessions. If a fast sale is the highest priority, you may need to lower the asking price to quickly capture the attention of the marketplace.

More Exit Planning Articles

Given your interest in exit planning and in aquarium leasing and maintenance businesses, you might find these additional resources to be of interest.

Marketing an Aquarium Leasing and Maintenance Business

Family Business Exit Plans

Pros and Cons of Using Business Brokers

Renewing Leases Prior to Selling a Business


Conversation Board

Sometimes the best tips on selling a business come from other business owners. If you have any tips or advice on how to sell an aquarium leasing and maintenance business, we invite you to submit your comments and suggestions.


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