Niche Market Exit Planning Tips
Selling a Bleaching Compounds and Supplies Business
Market perceptions play a role in your ability to sell a bleaching compounds and supplies business. Yet great values are always received well in the business-for-sale marketplace. All it takes is a strategy to identify solid prospects and convert them to buyers.
Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
Despite the conventional wisdom, we believe current economic conditions are right for selling a bleaching compounds and supplies business. We'll tell you what you need to know to achieve a successful sale outcome
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized bleaching compounds and supplies business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
Selecting a Broker
Good business brokers inevitably produce better business sales. No two bleaching compounds and supplies business sales are alike. That means you'll want to look for a broker who has been around the block and possesses substantial experience selling businesses in the industry. As a practical matter, you'll also want to focus your search on brokers who have pre-existing relationships with attorneys, appraisers, and other professionals who can provide assistance at various stages of the process.
Timing Your bleaching compounds and supplies business Sale
Most business owners know when it's time to exit their company. Some experts are telling bleaching compounds and supplies business sellers to put their plans on hold until the economy fully rebounds. At Gaebler, we have a much more optimistic view of your chances in the bleaching compounds and supplies 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.
Share this article
Additional Resources for Entrepreneurs