November 12, 2019  
 
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Selling a Company

 

Selling an Automation Consultants Business

The decision to sell your automation consultants business isn't something that should be taken lightly, especially these days. If a business exit is on the horizon, you'll want to check out our suggestions for staying ahead of the market.

The economy isn't the only thing that is uncertain these days. So are automation consultants business buyers, many of whom are waiting to pull the trigger on their next acquisition.
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At Gaebler, we think that's a mistake because with adequate preparation and the right sale strategy, this might be the best time to put your automation consultants business on the market.

Brokerage Benefits

A good broker can offer several benefits to business sellers. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. Even more, the best brokers have a track of record of discreetly identifying likely buyers and contacting them on your behalf. Although you will pay a fee for brokerage, it's generally worth it because the end result will be a higher sales prices and more favorable terms.

Maintaining Objectivity

For most owners, the hardest part of selling an automation consultants business is remaining objective. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. It is difficult for many owners to accept the cold, hard facts about their company's worth, but objectivity is the name of the game in a successful automation consultants business sale. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.

Family Business Sale Tips

The idea of passing a business along to a family member sounds idyllic to many business owners. in reality, a family-based automation consultants business sale can be more complicated than selling to a stranger. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. Although it may seem odd, a sale to a family member can take longer than a sale to a stranger because it may take time to work through family issues prior to closing.

More Info on Business Transitions and Related Articles

We think you may find these additional resources to be of interest.

Five Tips for Maximizing Your Business Sale Price

Marketing an Automation Consultants Business

Role of Location In Selling a Business


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What challenges have you experienced in selling an automation consultants business or are you just getting started? If you have questions or advice to share, we'd love to hear from you!


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