November 15, 2019  
 
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Selling a Company

 

Selling an Auto Body Repair and Painting Business

No one said selling your business in a depressed economy would be easy. Fortunately, a auto body repair and painting business sale isn't as scary as it seems.

It's a fact: Successful business sales take time.
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At Gaebler, we think waiting for the economy to rebound is a mistake for many business owners. With hard work and dedication, your auto body repair and painting business can be sold at or above fair market value right now.

Economic Considerations

When you sell an auto body repair and painting business, there are a number of variables you need to consider. Interest rates, spending, inflation, and other variables directly influence how long your auto body repair and painting business will be on the market as well as its sales price. The truth is that perfect market conditions may never materialize. A much better approach is to focus on the factors that always attract buyers and investors. When it comes to selling an auto body repair and painting business, successful sales sales often boil down to the business itself - not the economy.

Working with Appraisers

An experienced appraiser is part and parcel of a successful auto body repair and painting business sale. Armed with a professional appraisal, both you and your broker can enter the negotiation stage with confidence. If you're disappointed with the appraiser's estimate of your company's worth, you have the option of seeking a second opinion. However, it's more often the case that you will need to adjust your expectations of your business's value to buyers.

Finding Auto Body Repair & Painting Business Buyers

Qualified auto body repair and painting business buyers come from a range of sources and backgrounds. Avoid pigeon-holing your search to a single buyer category. Although it's helpful to target promotional tactics to likely buyers, allow for some exposure to the broader market. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.

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The learning process for selling an auto body repair and painting business is an ongoing journey. Send us your comments and questions, and let's continue the conversation!


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