Selling a butchers' equipment and supplies business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
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If you're ready to move on, now is the right time to sell your butchers' equipment and supplies business.
When Is the Right Time to Sell?
When is it the right time to sell your butchers' equipment and supplies business? If you're asking the question, now may be the time to put your business on the market. There are a lot of naysayers out there advising butchers' equipment and supplies business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the butchers' equipment and supplies business marketplace. With so many sellers holding back, there isn't a lot of inventory out there and you may be able to get a great price for your practice depending on how well you prepare the business and your ability to execute your sale strategy.
Signs You're in Over Your Head
Many butchers' equipment and supplies business are tempted to save brokerage fees by selling their businesses on their own. Although there are exceptions, solo sales typically take longer and are less productive than brokered sales. 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. Lack of buyer enthusiasm or persistence indicates that something is wrong. The remedy is professional brokerage or a consultation with more experienced sellers.
Why Confidentiality Matters
Highly publicized butchers' equipment and supplies business sales are risky butchers' equipment and supplies businesssales. A low-key selling strategy is a low risk activity because you can control who does (and doesn't) know that your business is on the market. But if word leaks out to the wrong people, your competitors can use that information to steal business and damage your credibility. Successful sales walk a fine line between total confidentiality and aggressive promotion. Brokers and consultants can mitigate the risk by implementing confidential sale techniques.
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