Niche Market Exit Planning Tips
Selling a Bamboo Dealership
The decision to sell your bamboo dealership 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.
Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
Too often bamboo dealership owners sell for a price that is well below market value. With the right strategy, your sale doesn't have to end that way.
Professional appraisers can use three methods to determine the value ofa bamboo dealership: The income method, the asset method and the market method. The income method determines value based on the amount of income the business is expected to generate. The asset method, on the other hand, is based on the value of tangible and non-tangible assets (e.g. brands and trademarks). In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. To drive up your sale price, position your bamboo dealership by improving variables like assets, revenue and profitability during the years leading up to a sale.
Should I Hire a Business Broker?
When selling a bamboo dealership, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your bamboo dealership much less painful. A highly skilled broker can compensate for his commission by selling your business for a significantly higher price than you could achieve on your own. But whether you use a broker or not, you may want to list your bamboo dealership on BizBuySell.com and other popular online business-for-sale listing sites.
Laying the Groundwork
Effective bamboo dealership preparation focuses on communicating value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a bamboo dealership to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium bamboo dealership opportunity.
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