December 3, 2020  
 
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Selling a Cell Phone Rental and Leasing Business

Most businesses are susceptible to economic conditions and cell phone rental and leasing businesses are no exception. But in some cases, a down economy can actually improve saleability. Now all you have to do is convince the right buyer that your business is built for long-term success.

In a down economy, many cell phone rental and leasing business sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of cell phone rental and leasing businesses that are actually for sale.
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Success is a factor of preparation, execution and a keen eye for the market. But for business sellers, the process begins with having the right mental attitude.

The Best Person to Sell Your Cell Phone Rental & Leasing Business

An unassisted business sale is a double-edged sword. Without a doubt, you have the most at stake in the outcome of your sale. That makes you the most passionate advocate for your cell phone rental and leasing business in the business-for-sale marketplace. 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 cell phone rental and leasing business to gain an objective sense of fair market value.

Emotional Considerations

It's impossible to predict the emotional highs and lows you will experience during the sale of your cell phone rental and leasing business. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Although it isn't easy, you can mitigate the emotional impact of a cell phone rental and leasing business sale by setting realistic expectations before you list your business.

Sweetening the Deal

Like it or not, prospective buyers are going to ask you to make certain concessions in the sale of your cell phone rental and leasing business. Concessions can consist of non-cash as well as cash incentives. It's not unusual for sellers to offer non-cash incentives to help inexperienced entrepreneurs get off to a successful start. If you aren't familiar with typical cell phone rental and leasing business concessions, consult with a professional to learn how you can build incentives into your deal.

More Exit Planning Articles

Given your interest in exit planning and in cell phone rental and leasing businesses, you might find these additional resources to be of interest.

What Does a Business Broker Charge?

Marketing a Cell Phone Rental and Leasing Business

Why Most Businesses Do Not Have Exit Plans


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