Selling a casino dealer school? 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 casino dealer school.
Are You the Right Person to Sell Your Business?
An unassisted business sale is a double-edged sword. Few people know your business as well as you do. However, your close connection to your company can also be a drawback. Nearly all sellers have an inflated sense of their company's value. At a minimum, conduct an independent appraisal of the casino dealer school to gain an objective sense of fair market value.
Whether you know it or not, prospective buyers for your casino dealer school are all around you. In fact, there is a good chance you already know several individuals or companies that might be interested in buying your business for a decent price. Although some casino dealer school sellers advertise their businesses in general classifieds, the most successful sales are those in which professional brokers seek out likely buyers. If you aren't generating interest in the general marketplace, consider approaching companies that sell complementary products or are closely situated in your supply chain.
Seller concessions are becoming more commonplace in business-for-sale transactions. By far, seller financing is the most sought-after concession, especially in the current economic environment. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. Other common seller concessions include staying on the mentor the new owner, non-compete clauses, and working as a consultant to mitigate the impact of new ownership.
Ready to learn more? You may find these additional resources to be of interest.
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