Niche Market Exit Planning Tips
Selling a Bedding Wholesale and Manufacturers Business
A good business is about more than dollars and sense. To make your bedding wholesale and manufacturers business what it is today, you've had to fully invest yourself in its success. But the hard work isn't done yet. Before you can make a graceful exit, you will have to invest yourself in your business sale.
Although we're optimistic about the economy, we also recognize that it takes the right strategy to sell a bedding wholesale and manufacturers business in today's market.
Despite the conventional wisdom, we believe current economic conditions are right for selling a bedding wholesale and manufacturers business. With the right information and strategy, you could be well on your way to a successful sale
Hoping for a quick bedding wholesale and manufacturers business sale? You may be disappointed. 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 bedding wholesale and manufacturers 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.
Hiring an Attorney
It's obvious that you're going to need to hire an attorney to finalize the sale of your bedding wholesale and manufacturers business. Tackling the legal nuances and tax ramifications of a sale without a first-rate business lawyer is an invitation for disaster. In some cases, an attorney may also provide assistance in securing long-term leases or vendor contracts to make your bedding wholesale and manufacturers business more attractive to buyers. If you don't know an attorney with experience in the business-for-sale market, ask your broker for a referral.
It's incumbent on buyers to commission their own appraisal of your bedding wholesale and manufacturers business's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. 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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