Niche Market Exit Planning Tips
Selling a Baby Products and Services Business
You've heard the naysayers - now isn't the time to sell a baby products and services business. But what they don't know is that many entrepreneurs see baby products and services businesses as a smart business investment.
You survived all the ups and downs of owning a business. Next, you'll need to prepare yourself to address the rigors of selling a baby products and services business.
But sooner or later, all good things must come to an end. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your baby products and services business.
How Much Does It Cost to Sell a baby products and services business?
In a baby products and services business sale, pricing is based on a number of factors, including the costs incurred during the sale. Hiring a broker is a mixed bag because although brokers can increase the sale price, they also take a 10% fee. Professional consultations can also represent a significant expense during the course of a baby products and services business sale. If you need to compensate employees to assist with the sale, their services should also be considered.
Equipment and Inventory Concerns
During due diligence, the buyer will undoubtedly conduct his own appraisal of your baby products and services business's real assets. But you'll need to commission your own appraisal before you put your baby products and services business on the market to arm yourself with information for the negotiation phase. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your baby products and services business.
Laying the Groundwork
Effective baby products and services business preparation focuses on communicating value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a baby products and services business to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium baby products and services business opportunity.
Share this article
Additional Resources for Entrepreneurs