Exit Planning Advice By Market
Selling an Auto Cleaning and Detailing Business
A lot can go wrong during the sale of an auto cleaning and detailing business even if the seller has previous business sales experience. We'll tell you how to keep your sale and your future plans on track.
Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
You'll always have an excuse for not putting your business on the market. With hard work and dedication, your auto cleaning and detailing business can be sold at or above fair market value right now.
Benefits of Third-Party Assistance
Rarely, if ever, do owners sell an auto cleaning and detailing business without outside assistance. Brokers can be an important resource for your sale, especially if you are unfamiliar with the business-for-sale marketplace. We also suggest hiring an attorney, an appraiser, and an accountant early in the process. The early recruitment of external resources reduces your risk and results in a more predictable final outcome.
When Is the Right Time to Sell?
When is it the right time to sell your auto cleaning and detailing business? If you're asking the question, now may be the time to put your business on the market. There are a lot of naysayers out there advising auto cleaning and detailing business sellers to put their plans on hold until the economy fully rebounds. At Gaebler, we have a much more optimistic view of your chances in the auto cleaning and detailing business-for-sale market. With fewer auto cleaning and detailing businesses on the market, there are ample opportunities for sellers to capture the attention of qualified buyers.
Selling an Auto Cleaning & Detailing Business to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. The time and expense of locating the right buyer will be nonexistent and you won't have to spend weeks showing the buyer every square inch of the company. But in many cases, employees expect to get a deal from their employer based on their years of service to the company. A seller-financed deal may be necessary unless the employee has significant assets or investor backing.
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