December 3, 2020  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

How to Sell to a Business

 

Selling a Cattle Feedlots Business

You've learned a lot during your tenure as a cattle feedlots business owner. The next step is to position your business for the demands of the business-for-sale marketplace.

Selling a cattle feedlots business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
(article continues below)

In our opinion, that kind of thinking doesn't make sense. In fact, this might be the perfect time to sell a cattle feedlots business. Here's how to do it . . .

Closing Strategies

Seller concessions sweeten the deal for buyers and are a necessary fixture in a sluggish economy. But don't limit your view of concessions to financial incentives. When you've reached your limit on price, consider offering non-cash concessions to encourage a commitment from the buyer. A limited amount of training and mentoring may seem inconsequential to you, but to a young cattle feedlots business owner, they can be critical launching points for their ownership journey.

Pre-Sale Checklist

The upfront time you investment in the sale of your cattle feedlots business will pay big dividends at closing. The first item on your checklist should be a reality check -- if you plan to sell your business for top dollar in just a few short months, you need to adjust your expectations%However, your first priority should be to set realistic expectations for the selling process and its eventual outcome. After you have consulted with a business broker to right size your expectations, you'll need to add several items to your checklist, including financial statement preparation, pre-sale appraisals, financial planning, market positioning and other tasks designed to communicate value to prospective buyers.

Brokerage Benefits

A good broker can offer several benefits to business sellers. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. Second, a good business broker is a master at confidentiality locating cattle feedlots business sale prospects and guiding sellers through negotiations. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.

More Exit Planning Articles

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

How Much Is My Business Worth?

Marketing a Cattle Feedlots Business

Selling Part of a Business


Conversation Board

It's tough to cover everything there is to know about how to sell a cattle feedlots business in a single article. If you have any additional comments or questions, please let us know.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Do You Plan on Starting a Cattle Feedlots Business Soon?

If you plan on opening a cattle feedlots business, these guides will help you get started:

How to Start a Cattle Feedlots Business

Do You Market Products or Services to Cattle Feedlots Businesses?

If you consider cattle feedlots businesses to be sales prospects, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:

Selling to Cattle Feedlots Businesses

Mailing Lists for Cattle Feedlots Businesses

More Exit Planning Information

If you are looking for exit plan advice for a different kind of business, please browse our alphabetical directory of exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary