Business Exits By Industry
Selling a Children's Transportation Services Business
You've heard the naysayers - now isn't the time to sell a children's transportation services business. But what they don't know is that many entrepreneurs see children's transportation services businesses as a smart business investment.
The children's transportation services business-for-sale marketplace is a nuanced environment, full of pitfalls for sellers who aren't prepared for its demands.
To sell a children's transportation services business these days, sellers need to make a strong case for buyers to purchase at or near the asking price.
When to End Negotiations
Negotiations have a way of dragging on forever. There are countless details that need to be hammered out before a Letter of Intent can be prepared and the process can move on to the due diligence stage. As the seller, you'll be on the front lines of negotiation and will need to know when it's time to bring negotiations to an end. A lull in negotiations may be part of the buyer's strategy. Then again, it may be a sign that the search for common ground is a lost cause. At this point in the process, an awareness of negotiation parameters really pays off. If the buyer is unwilling to accept your minimum demands, it's time to end negotiations and move on to the next prospect.
Should I Hire a Business Broker?
The decision of whether or not to hire a business broker should never be taken lightly. Business brokers typically charge a 10% "success fee" when they sell a business, but they also handle many of the hassles that are associated with selling a children's transportation services business. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
What to Expect in a Children's Transportation Services Business Sale
It's impossible to predict the emotional highs and lows you will experience during the sale of your children's transportation services 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 children's transportation services business on the market.
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