Niche Market Exit Planning Tips
Selling a Bar Stool Retailer
Selling a bar stools business doesn't happen overnight. It takes a deliberate process to get top dollar for your company.
With planning and patience, most bar stools businesses can be sold for a fair price in the current business-for-sale marketplace.
Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a bar stools business.
What will happen if your bar stools business is a success? Although next steps may seem inconsequential, they actually play an important role in shaping the structure of the sale of your bar stools business. We frequently encounter business sellers who haven't thought enough about their futures to know whether certain concessions (e.g seller financing) are a real possibility. As a result, they make bad decisions during the sale and experience less-than-optimal outcomes.
The Case for Confidentiality
Highly publicized bar stools business sales are risky bar stools businesssales. A low-key selling strategy is a low risk activity because you can control who does (and doesn't) know that your business is on the market. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Although it can be difficult, it's important to strike a balance between confidentiality and sale promotion. If confidentiality is important to you (and it should be), your best bet is to consult with a professional business broker about maintaining a confidential bar stools business sale.
How to Choose a Business Broker
First-rate business brokers deliver prospects and profits to their clients. In the bar stools business industry, experience is a must-have characteristic for qualified brokerage. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling bar stools businesses.
Share this article
Additional Resources for Entrepreneurs