November 24, 2020 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 a Barrels and Drums Business

We hear from a lot of business owners who are timid about listing their barrel and drum business. Despite the mood of the market, we think there are still opportunities to receive a good price for your barrel and drum business. Here's what you need to know . . .

Personal and professional concerns surround the sale of a barrel and drum business. In our experience, a common owner concern is how the sale will affect customers and employees.
(article continues below)

In order to market a barrel and drum business now, business sellers may need to apply a combination of incentives and techniques.

Valuation Methods

Multiple valuation methods exist for a barrel and drum business. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. 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. But regardless of the method that is used, it's always in the seller's best interest to increase revenue and asset values prior to a sale.

Working with Accountants

Accountants lay the financial groundwork for a business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. You may also want your accountant to assist in the preparation of professional financials to present to serious buyers. In many instances, your accountant will be invaluable in evaluating prospective buyers' financial position and buying capacity.

Promoting a barrel and drum business Sale

Successful barrel and drum business sales listings are intentionally promoted to the right prospects. However, confidentiality and other concerns can present challenges, even for sales professionals. The knowledge that your business is being sold almost always converts into negative PR with your customers and vendors. The best way to advertise a barrel and drum business is to enlist the assistance of a business broker who is skilled in locating and contacting prospective buyers.

More Exit Planning Articles

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

Marketing a Barrels and Drums Business

How Much Is My Business Worth?

Conversation Board

Looking for more information about how to sell a barrel and drum business? Then we want to hear from you! Send us your comments and questions, and we'll do our best to help you.

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 a Barrels & Drums Business?

If starting a barrel and drum business is on your agenda, these helpul resources may be just what you've been looking for:

How to Start a Barrels & Drums Business

Looking for Barrels & Drums Business Customers?

If you consider barrel and drum 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 Barrels and Drums Businesses

Mailing Lists for Barrels and Drums Businesses

More Business-for-Sale Advice and Information

If you are eager to get business succession tips for a different industry, please browse our alphabetical list exit planning guides below.

Browse more niche exit planning guides:





Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities


Business Glossary