Exit Planning Advice By Market
Selling an Auto Radiators Wholesale and Manufacturers Business
Looking for shortcuts? You won't find them when you sell an auto radiators wholesale and manufacturers business. In this industry, a business sale takes time, effort and dedication. But with a few tips, you can keep your shirt and your sanity in the sale of your business.
The buzz in the marketplace is that now isn't the right time to sell an auto radiators wholesale and manufacturers business. Consequently, sellers are holding their businesses off the market until they are sure the market will sustain their asking prices.
But at Gaebler, we see auto radiators wholesale and manufacturers businesses still selling at a brisk pace. Not surprisingly, buyers expect to receive value for their dollars - and that means sellers need to demonstrate that their businesses are capable of delivering anticipated returns.
Dealing with Your Emotions
There is no easy way to say goodbye to your business. You probably have good reasons for selling your auto radiators wholesale and manufacturers business now, but that doesn't make the emotions you will experience any easier. We advise sellers to discuss their feelings with family members and close friends before, during and after the sale. At the same time, it's helpful to consult with people who can help limit the influence of your emotions on negotiations and other aspects of the sale process.
Adjusting Expectations
If you're smart, you entered your auto radiators wholesale and manufacturers business with a set of assumptions about what it would achieve. However, no one told the marketplace about your expectations. The outcome of your sale will be determined by market forces - not by your personal circumstances or desires. Sometimes, sellers need to readjust their expectations to accommodate market realties. If buyers don't seem to be willing to meet your expectations, consult with your broker to modify your strategy and market approach.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. By far, seller financing is the most sought-after concession, especially in the current economic environment. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. As an alternative, clearly state that seller financing is not an option and consider offering other concessions to see the sale through to its completion.
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