Niche Market Exit Planning Tips
Selling a Bathtubs Retail Business
Owning a bathtubs retail business hasn't always been a bed of roses, but it's been worth the effort. The next step is to position your business for the demands of the business-for-sale marketplace.
It's a fact: Successful business sales take time.
Eventually, it will the time will come to exit your business. And when that day arrives, you need to know how to sell your bathtubs retail business in a way that achieves positive outcomes for you and the business.
Average Timeframes
From the day they decide to sell their company, the question that plagues many owners is how long it will take to sell their bathtubs retail business. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. Before you can list your bathtubs retail business, you'll need to invest as much as a year in preparing it for prospective buyers. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.
Legal Considerations
It pays to invest in first-rate legal counsel when you sell a bathtubs retail business. Tackling the legal nuances and tax ramifications of a sale without a first-rate business lawyer is an invitation for disaster. It's helpful to introduce your attorney to your broker to facilitate a smooth sale and a productive working relationship.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your bathtubs retail business's physical assets. But you'll need to commission your own appraisal before you put your bathtubs retail 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. When you conduct your appraisal of your assets, note their condition and include it in the information packet you prepare for prospective buyers.
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