November 27, 2020 is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs


Selling a Company


Selling a Boat Hauling Business

You've learned a lot during your tenure as a boat hauling business owner. The next step is to position your business for the demands of the business-for-sale marketplace.

Economic data is scary stuff for small business owners. But quarterly data dumps don't impact boat hauling business sales nearly as much as sale strategy.
(article continues below)

Does that mean selling your boat hauling business will be a piece of cake? No -- but you might be surprised to learn that the boat hauling businesses that are selling these days are finding success though simple, common sense selling strategies.

Setting the Stage

Effective boat hauling business preparation focuses on communicating value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a boat hauling business to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium boat hauling business opportunity.

Seller Financing

Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized boat hauling 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.

When the Sale Goes Off-Course

The boat hauling business-for-sale marketplace is a mixed bag of brokered sales and solo efforts. Although there are exceptions, solo sales typically take longer and are less productive than brokered sales. If you decide to go solo and your business has been on the market for more than six months without a single buyer inquiry, it's time to hire a professional business broker. When buyers fail to exhibit substantive interest, it could indicate unrealistic pricing or an inferior selling strategy. The remedy is professional brokerage or a consultation with more experienced sellers.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in boat hauling businesses, you might find these additional resources to be of interest.

Marketing a Boat Hauling Business

How To Choose An Investment Banker

Why Most Businesses Do Not Have Exit Plans

How Much Is My Business Worth?

Conversation Board

Want to continue the discussion about how to sell a boat hauling business? If you have firsthand knowledge about exit planning issues and challenges, we invite you to submit your comments. Questions are also encouraged!

Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Hoping to Open a Boat Hauling Business?

If starting a boat hauling business is on your agenda, these helpul resources may be just what you've been looking for:

How to Start a Boat Hauling Business

Do You Market Products or Services to Boat Hauling Businesses?

If you consider boat hauling businesses to be sales prospects, there's more applicable information for you elsewhere on our site. These helpful guides are more appropriate for you:

Selling to Boat Hauling Businesses

Mailing Lists for Boat Hauling Businesses

More Guides on Selling a Business

If you are eager to get business succession tips for a different industry, try our directory of exit planning guides below.

Browse more niche exit planning guides:





Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities


Business Glossary