Niche Market Exit Planning Tips
Selling a Battery Charging Equipment Repair Business
Despite the pessimistic mood of many sellers, your battery charging equipment repair business can be a high value acquisition target for ambitious entrepreneurs -- even in today's tough economy.
A business exit is always a trying experience. But when you need to sell your battery charging equipment repair business in a depressed economy, the challenges can seem insurmountable.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to battery charging equipment repair businesses that exhibit strong financials and potential for future growth.
How to Choose a Business Broker
Good business brokers inevitably produce better business sales. In the battery charging equipment repair 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 battery charging equipment repair businesses.
Professional appraisers can use three methods to determine the value ofa battery charging equipment repair business: The income method, the asset method and the market method. 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. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
Understanding Market Timing
Worried about timing? Believe it or not, this could be an advantageous time to put a battery charging equipment repair business up for sale. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on battery charging equipment repair businesses. Sooner or later, rates will rise, increasing the risk for prospective buyers of battery charging equipment repair businesses. So we see market timing as a concern that can be easily mitigated by applying fundamental sales strategies and adequately preparing your company for buyers.
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