December 6, 2019  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Selling a Company

 

Selling an Embroidery Business

There are few things as intimidating as selling a business in a sluggish economy. Fortunately, a embroidery business sale isn't as scary as it seems.

You're optimistic about the economy and so are we. Now the challenge is to convert business buyers who may have a more skeptical outlook.
(article continues below)

There is no simple way to sell a business. But the most prepared embroidery business sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.

Closing Strategies

Today's embroidery business buyers expect sellers to offer concessions to persuade them to close the deal. Concessions can consist of non-cash as well as cash incentives. When you've reached your limit on price, consider offering non-cash concessions to encourage a commitment from the buyer. In the current economy, seller financing is becoming common in embroidery business sales. If the prospect is inexperienced or lacks credentials in the industry, you can also offer to stay with the business for a specified period of time to help the new owner get on his feet and introduce him to your network of industry contacts.

Current Market Conditions

No one plans to sell an embroidery business in a down economy. Although the economy is gaining steam, recovery is slow and entrepreneurs are holding their cards close to their vests. However, many business sellers don't realize that a full economic rebound can have devastating consequences, particularly if sellers who have waited to list their businesses suddenly create a glut in the business-for-sale marketplace. The simple truth is that the economy shouldn't dictate whether or not now is the right time to sell an embroidery business. Your individual circumstances and personal goals are more influential factors in determining when it's time to put your business on the market.

Maximizing Sales Price

There are no simple ways to sell an embroidery business. If you don't know what you're doing, your business could languish on the market for months or even years. Fortunately, a business broker can minimize the impact on your bank account and personal well-being. Seller fatigue is a real concern - if your business sits on the market too long, you will be tempted to sell below your expectations. Time after time, sellers who hire qualified brokers are more satisfied with the sales process - and the price they receive for their embroidery businesses.

More Exit Planning Articles

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

Marketing an Embroidery Business

Terms of Investment Banking Agreement

Renewing Leases Prior to Selling a Business

What Does a Business Broker Charge?


Conversation Board

Did we forget to mention something about how to sell an embroidery business? If so, tell us what's on your mind and let's keep the conversation going.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Need Information on Starting an Embroidery Business?

If starting an embroidery business is on your agenda, these helpul resources may be just what you've been looking for:

Opening an Embroidery Business

Do You Market Products or Services to Embroidery Businesses?

If you consider embroidery businesses to be sales prospects, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:

Selling to Embroidery Businesses

Mailing Lists for Embroidery Businesses

More Exit Planning Information

If you are looking for exit plan advice for a different kind of business, try our directory of exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary