November 25, 2020  
 
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Selling a Company

 

Selling a Brazing Business

Business sellers have diverse personal and professional goals for the sale of their companies. But no matter what you expect from the sale of your brazing business, it's in your best interest to maximize the sales price through the application of proven sales techniques.

Most entrepreneurs have the skills and stamina to endure and prosper during the sale ofa brazing business.
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Many business owners don't know that brazing businesses are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.

Equipment and Inventory Concerns

Buyers typically perform an independent appraisal of your brazing business's inventory, equipment, and physical assets. Your appraisal should occur before you put your business on the market. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your brazing business.

How to Identify Prospective Buyers

Still looking for prospective buyers for your business? You probably already know several parties with an interest in acquiring your company. Although some brazing business sellers advertise their businesses in general classifieds, the most successful sales are those in which professional brokers seek out likely buyers. If you aren't generating interest in the general marketplace, consider approaching companies that sell complementary products or are closely situated in your supply chain.

Sale Documents

In a brazing business sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . If you are seeking buyer concessions, the time to address them is before the Letter of Intent is drafted. Never sign a Letter of Intent until it has been properly reviewed by your attorney and you are in complete agreement with everything it contains.

More Exit Planning Articles

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

Marketing a Brazing Business

Selling to Competitors


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