January 25, 2021  
 
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Selling a Butchers Business

At first glance, an unstable economy would seem to be an unfriendly atmosphere for a butchers business sale. But in reality, now may be the perfect time to sell a butchers business.

Personal and professional concerns surround the sale of a butchers business. But have you considered how your customers, vendors and employees will handle the sale?
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Most butchers businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.

Laying the Groundwork

In addition to improving profitability and market share, planning the sale of your business will require you to think about how you will present your company to buyers. A first-rate business broker can give your business an edge by facilitating the preparation process and orienting your presentation toward today's buyers. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium butchers business opportunity.

Dealing with Buyers

Buyers can present challenges, especially during the due diligence stage. Due diligence preparation can mitigate the irritation factor, but you should still expect to field numerous buyer concerns before closing. Avoid answering buyer concerns with vague generalities. Instead, be as specific as possible, even if it means doing additional research before offering a response. If due diligence drags on too long, your broker may need to intervene.

Should I Hire a Business Broker?

The decision of whether or not to hire a business broker should never be taken lightly. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your butchers business much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.

More Exit Planning Articles

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

Role of Location In Selling a Business

Marketing a Butchers Business

What Does a Business Broker Charge?


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Selling a butchers business is a complex topic, so there's still much more that can be discussed. We welcome your questions, comments and feedback about this topic.


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