January 19, 2021  
 
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Selling a Carpets and Rugs Wholesale and Manufacturers Business

The decision to sell your carpets and rugs wholesale and manufacturers business isn't something that should be taken lightly, especially these days. If a business exit is on the horizon, you'll want to check out our suggestions for staying ahead of the market.

Business buyers are a timid lot, even more so now that they are facing an uncertain economic landscape.
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If you're ready to move on, now is the right time to sell your carpets and rugs wholesale and manufacturers business.

Finding Prospects

Many sellers don't realize how many prospective buyers there are for their businesses. Although some carpets and rugs wholesale and manufacturers business sellers advertise their businesses in general classifieds, the most successful sales are those in which professional brokers seek out likely buyers. If possible, steer clear of selling to a competitor if for no other reason than the fact that competitors pay less for carpets and rugs wholesale and manufacturers businesses than other buyers.

Advantages of Hiring a Broker

A good broker can offer several benefits to business sellers. First, business brokers are in tune with the realities of the market and are skilled at helping owners make their businesses attractive to premium buyers. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Brokerage isn't cheap. But even though you can spend as much as 10% of the sale price on a good broker, you'll likely achieve decent ROI through an improved final sale price.

Equipment and Inventory Concerns

Buyers typically perform an independent appraisal of your carpets and rugs wholesale and manufacturers business's physical assets. Your appraisal should occur before you put your business on the market. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your carpets and rugs wholesale and manufacturers business.

More Exit Planning Articles

Given your interest in exit planning and in carpets and rugs wholesale and manufacturers businesses, you might find these additional resources to be of interest.

Marketing a Carpets and Rugs Wholesale and Manufacturers Business

Role of Location In Selling a Business


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