Niche Market Exit Planning Tips
Selling a Birth Announcement Services Business
Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet birth announcement services businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.
Market timing is a perennial problem for business sellers.
But they're also savvy enough to know a good deal when they see it. So for birth announcement services business sellers, today's market is all about convincing buyers that the numbers make their companies worth the asking price.
Promoting a birth announcement services business Sale
Profitable birth announcement services business sales incorporate comprehensive advertising plans. But confidentiality issues are a hurdle you'll need to address before you put your birth announcement services business on the market. A highly publicized sale creates vulnerabilities that can be exploited by your competitors. Business brokers are skilled at publicizing birth announcement services business sales while maintaining the confidentiality that is critical to your business.
The shortage in today's marketplace isn't interested buyers -- it's capital. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized birth announcement services business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. As you prepare for the sale of your birth announcement services business, expect to be asked to finance a substantial part of the sale price.
In a birth announcement services business sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . The price described in the Letter of Intent may fluctuate based on information that is revealed during due diligence, but the inclusion of new requirements in the final contract could be a deal killer. For sellers, that makes a close review of the Letter of Intent more than a formality - it's a critical juncture on the path to closing.
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