Niche Market Exit Planning Tips
Selling a Breweries Business
A good business is about more than dollars and sense. To make your breweries business what it is today, you've had to fully invest yourself in its success. To see your ownership role through to completion, you will need to exhibit similar diligence in selling your company.
Business buyers are a timid lot, even more so now that they are facing an uncertain economic landscape.
Despite the conventional wisdom, we believe current economic conditions are right for selling a breweries business. We'll tell you what you need to know to achieve a successful sale outcome
Maintaining Objectivity
Objectivity is a rare commodity in a business sale. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. It is difficult for many owners to accept the cold, hard facts about their company's worth, but objectivity is the name of the game in a successful breweries business sale. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.
Selecting a Broker
Good business brokers inevitably produce better business sales. In the breweries business industry, experience is a must-have characteristic for qualified brokerage. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling breweries businesses.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your breweries business's inventory, equipment, and physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. 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 breweries business.
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