January 25, 2021  
 
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Selling a Company

 

Selling a Candle Manufacturers Equipment and Supplies Business

You've learned a lot during your tenure as a candle manufacturers equipment and supplies business owner. The next step is to position your business for the demands of the business-for-sale marketplace.

Intimidated by a sluggish economy, business buyers are more cautious than ever.
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Although we understand why sellers are hesitant, we're also seeing enough business sales to know that if you want to sell a candle manufacturers equipment and supplies business, you can - even in today's economy. Here's how to do it . . .

Pros & Cons of a Sale to an Employee

Employee sales have pros and cons. 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. But in many cases, employees expect to get a deal from their employer based on their years of service to the company. A seller-financed deal may be necessary unless the employee has significant assets or investor backing.

Legal Considerations

It pays to invest in first-rate legal counsel when you sell a candle manufacturers equipment and supplies business. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. In some cases, an attorney may also provide assistance in securing long-term leases or vendor contracts to make your candle manufacturers equipment and supplies business more attractive to buyers. If you don't know an attorney with experience in the business-for-sale market, ask your broker for a referral.

What to Expect in a Candle Manufacturers Equipment & Supplies Business Sale

It's impossible to predict the emotional highs and lows you will experience during the sale of your candle manufacturers equipment and supplies business. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. You can prepare yourself by talking through your emotions with friends and family members, and thoroughly evaluating your minimum requirements before you put your candle manufacturers equipment and supplies business on the market.

More Exit Planning Articles

Ready to learn more? You may find these additional resources to be of interest.

Marketing a Candle Manufacturers Equipment and Supplies Business

Role of Location In Selling a Business


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Still have questions about selling a candle manufacturers equipment and supplies business? Ask away and we'll do our best to get you a timely reply. We also welcome any tips or advice you'd care to share with others.


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