March 29, 2020  
 
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Selling a Baskets Wholesale and Manufacturers Business

Most businesses are susceptible to economic conditions and baskets wholesale and manufacturers businesses are no exception. But in some cases, a down economy can actually improve saleability. All it takes is a strategy to identify solid prospects and convert them to buyers.

You've invested too much in your baskets wholesale and manufacturers business to let it be sold for less than its worth. But unless you adequately prepare for the sale, some lucky buyer may walk away with a huge discount.
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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 baskets wholesale and manufacturers business.

Sale Costs

You'll need to incorporate the cost of the sale into the calculation the minimum price you are willing to receive for your baskets wholesale and manufacturers business. Good brokerage takes a 10% success fee off the top of the final sale price. Attorneys, accountants and appraisers work for a flat fee that can range from hundreds to thousands of dollars. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.

Tips for Seller Financing

Capital is hard to come by these days. Thanks to more stringent commercial lending requirements, sellers have become de facto lenders, providing the financing buyers need to get their feet in the door. It's common for sellers to finance as much as 70% of the purchase price with a payoff period of four or five years, sometimes in the form of a balloon payment at the end of the repayment period.

Advertising Your Sale

Profitable baskets wholesale and manufacturers 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 baskets wholesale and manufacturers 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 baskets wholesale and manufacturers businesses, you might find these additional resources to be of interest.

Marketing a Baskets Wholesale and Manufacturers Business

Entrepreneurial Exit Strategies

How Much Is My Business Worth?

Why Hire an Exit Planning Consultant


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What challenges have you experienced in selling a baskets wholesale and manufacturers business or are you just getting started? If you have questions or advice to share, we'd love to hear from you!


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