Niche Market Exit Planning Tips
Selling a Brass and Brass Products Wholesale and Manufacturers Business
You've heard the naysayers - now isn't the time to sell a brass and brass products wholesale and manufacturers business. But what they don't know is that many entrepreneurs see brass and brass products wholesale and manufacturers businesses as a smart business investment.
Intimidated by a sluggish economy, business buyers are more cautious than ever.
But sooner or later, all good things must come to an end. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your brass and brass products wholesale and manufacturers business.
Timing the Market
Now may be the best time to sell a brass and brass products wholesale and manufacturers business. With interest rates at all-time lows, it's easy to see why brass and brass products wholesale and manufacturers businesses are an appealing investment opportunity for savvy investors. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. Market conditions can be intimidating. But your larger concern should be whether or not your business is ready to be presented to qualified sale prospects.
Professional appraisers can use three methods to determine the value ofa brass and brass products wholesale and manufacturers business: The income method, the asset method and the market method. Appraisals based on the asset method gauge value as a factor of the company's real property and non-tangible assets; appraisals based on the income method consider the business's anticipated revenue. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
How Much Does It Cost to Sell a brass and brass products wholesale and manufacturers business?
The calculation of your asking price should include a buffer to cover the expense of the sale process. Good brokerage takes a 10% success fee off the top of the final sale price. Professional consultations can also represent a significant expense during the course of a brass and brass products wholesale and manufacturers business sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
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