December 3, 2020  
 
Gaebler.com 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 Broadband Services Business

Does the economy have you down? For exiting owners, the idea of listing their company now can be terrifying. But selling your broadband services business doesn't have to be as daunting as it sounds.

The broadband services business-for-sale marketplace is a nuanced environment, full of pitfalls for sellers who aren't prepared for its demands.
(article continues below)

Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to broadband services businesses that exhibit strong financials and potential for future growth.

Sale Documents

In a broadband services business sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . The price described in the Letter of Intent may fluctuate based on information that is revealed during due diligence, but the inclusion of new requirements in the final contract could be a deal killer. For sellers, that makes a close review of the Letter of Intent more than a formality - it's a critical juncture on the path to closing.

Selling Time

Hoping for a quick broadband services business sale? You may be disappointed. The amount of time your business will be on the market depends on how aggressively it is priced and marketed. Before you can list your broadband services business, you'll need to invest as much as a year in preparing it for prospective buyers. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.

Seller Financing

Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized broadband services business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.

More Info on Business Transitions and Related Articles

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

Marketing a Broadband Services Business

Five Tips for Maximizing Your Business Sale Price

Family Business Exit Plans

How To Choose An Investment Banker


Conversation Board

Do you have any more tips on how to sell a broadband services business? If so, submit your comments and suggestions so other entrepreneurs can learn from your experience.


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

Need Information on Starting a Broadband Services Business?

If starting a broadband services business is on your agenda, these guides will help you get started:

How to Start a Broadband Services Business

Do You Market Products or Services to Broadband Services Businesses?

If you consider broadband services businesses to be sales prospects, this isn't the best resource for you on our site. Try these useful resources instead:

Selling to Broadband Services Businesses

Mailing Lists for Broadband Services Businesses

More Business-for-Sale Advice and Information

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

Contributors

Business Glossary