March 28, 2020  
 
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Selling a Company

 

Selling a Building and House Leveling Business

There is a lot of confusion about the best way to sell a building and house leveling business these days. More than ever before, it's important for sellers to know the tactics and techniques that are being used to maximize sales price and achieve desired sale outcomes.

It's a fact: Successful business sales take time.
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Market timing is a constantly moving target. Knowledgeable entrepreneurs understand that market timing isn't nearly as important as other factors in a building and house leveling business sale. To improve sale outcomes, you will simply need to tailor your building and house leveling business to today's buyers.

Average Timeframes

From the day they decide to sell their company, the question that plagues many owners is how long it will take to sell their building and house leveling business. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. Before you can list your building and house leveling business, you'll need to invest as much as a year in preparing it for prospective buyers. In a good market, an attractive building and house leveling business can sell in as little as a few months, although it can take more than a year to find the right buyer after the business is listed.

When the Sale Goes Off-Course

Many building and house leveling business are tempted to save brokerage fees by selling their businesses on their own. Without brokerage, the risk of your sale going off-course is increased. As a rule, no business should sit on the market for more than six months without attracting the interest of at least a handful of qualified buyers. Likewise, if buyers seem to express interest but quickly exit when you quote the asking price, it's a sign that your building and house leveling business is priced out of the market. If that occurs, it's time to bring in the professionals to get your sale back on track.

Selling a Building & House Leveling Business to an Employee

There are both benefits and drawbacks to selling a building and house leveling business to an employee. A faithful employee may have the motivation and ability to continue to operate the business. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. However, some employees feel they are entitled to special treatment and pricing, especially if they have played a key role in the company's success. Seller financing is one way to get around the capital deficit of an employee-based building and house leveling business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.

More Info on Business Transitions and Related Articles

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

Renewing Leases Prior to Selling a Business

Marketing a Building and House Leveling Business

Selling Part of a Business


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We always appreciate feedback from our readers. If you have any comments, suggestions, or questions about how to sell a building and house leveling business, we encourage you to get in touch with us today!


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