Niche Market Exit Planning Tips
Selling a Bus Charter and Rental Business
Think bus charter and rental business sales have dwindled to a standstill? Think again. There aren't any guarantees, but if you adhere to fundamental business sale concepts, you can likely get a good price for your business.
The economy isn't the only thing that is uncertain these days. So are bus charter and rental business buyers, many of whom are waiting to pull the trigger on their next acquisition.
Eventually, it will the time will come to exit your business. And when that day arrives, you need to know how to sell your bus charter and rental business in a way that achieves positive outcomes for you and the business.
Valuation Methods
Professional appraisers can use three methods to determine the value ofa bus charter and rental 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.
After the Sale
As your bus charter and rental businesssale nears completion, there is a lot of work remaining to be done. The transition to the new owner, the distribution of sale proceeds and other issues can weigh heavily on sellers. If there are pending details that still need to ironed out, address them ASAP to ensure a smooth closing and transition.
What About Market Conditions?
No one plans to sell a bus charter and rental business in a down economy. Entrepreneurs and investors still exhibit healthy skepticism, despite initial indication that recovery has begun. But when the economy fully rebounds, a shadow inventory of bus charter and rental businesses will flood the market and drive prices down even further. Like it or not, the time to sell your bus charter and rental business may be right now, as long as your willing to adequately prepare your business for the marketplace.
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