The process of selling a bicycle dealers business can be one of the most stressful experiences of your entrepreneurial career.
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Too often bicycle dealers business owners fail to receive fair market value for their businesses. With the right strategy, your sale doesn't have to end that way.
Timing Your bicycle dealers business Sale
When is it the right time to sell your bicycle dealers business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling bicycle dealers business sellers (or would-be sellers) to take a wait and see approach. At Gaebler, we have a much more optimistic view of your chances in the bicycle dealers business-for-sale market. With so many sellers holding back, there isn't a lot of inventory out there and you may be able to get a great price for your practice depending on how well you prepare the business and your ability to execute your sale strategy.
Working with Appraisers
Next to your broker, a skilled appraiser is the person most capable of adding value to the price of your bicycle dealers business. Leading industry appraisers equip sellers with a value gauge that can be accessed during negotiations. Following the appraisal, you may choose to delay your sale until you can increase the value of assets and revenue.
Tips for Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized bicycle dealers business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. 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.
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