November 29, 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 Brakes Service and Repair Business

Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet brakes service and repair businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.

Selling a brakes service and repair business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
(article continues below)

There is no simple way to sell a business. But the most prepared brakes service and repair business sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.

Buyer Concessions

Sellers aren't the only ones who can make concessions in a business sale. In many instances, sellers can request buyer concessions. Although this scenario frequently plays out around seller financed deals, it's possible to push for a higher sales price or other form of compensation if you agree to mentor the buyer for a specified period of time. Asset exclusions, retained ownership shares and long-term contracts with another of the seller's companies can also be leveraged to extract concessions from buyers.

Timing the Market

Now may be the best time to sell a brakes service and repair business. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on brakes service and repair businesses. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. So we see market timing as a concern that can be easily mitigated by applying fundamental sales strategies and adequately preparing your company for buyers.

Maximizing Sales Price

There are no simple ways to sell a brakes service and repair business. If you don't know what you're doing, your business could languish on the market for months or even years. Many sellers find that hiring a business broker makes the demands of a sale much more tolerable. Solo sellers usually find that it's simply too much to sell their business and lead it at the same time. Subsequently, they settle for less than the business's potential sale price. Time after time, sellers who hire qualified brokers are more satisfied with the sales process - and the price they receive for their brakes service and repair businesses.

More Exit Planning Articles

Ready to learn more? You may find these additional resources to be of interest.

Five Tips for Maximizing Your Business Sale Price

Marketing a Brakes Service and Repair Business

How To Choose An Investment Banker

Conversation Board

What's your experience regarding how to sell a brakes service and repair business? We love to receive feedback from the industry and welcome your comments and questions.

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 Brakes Service & Repair Business?

If you plan on opening a brakes service and repair business, these helpul resources may be just what you've been looking for:

Starting a Brakes Service & Repair Business

Do You Market Products or Services to Brakes Service & Repair Businesses?

If you consider brakes service and repair businesses to be sales prospects, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:

Selling to Brakes Service and Repair Businesses

Mailing Lists for Brakes Service and Repair Businesses

More Business Transfer Information

If you are looking for exit plan advice for a different kind of business, please browse 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