December 4, 2020  
 
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Selling a Company

 

Selling a Chimneys and Supplies Retail Business

We hear from a lot of business owners who are timid about listing their chimneys and supplies retail business. Despite the mood of the market, we think there are still opportunities to receive a good price for your chimneys and supplies retail business. Here's what you need to know . . .

Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
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Does that mean selling your chimneys and supplies retail business will be a piece of cake? No -- but you might be surprised to learn that the chimneys and supplies retail businesses that are selling these days are finding success though simple, common sense selling strategies.

Family Issues

Many sellers embarked on their chimneys and supplies retail business sale without adequately considering the impact it will have on their families. Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. Unless everyone is prepared for it, the sale could have a devastating effect on your family. The decision to sell a chimneys and supplies retail business has to include ample communication and shared decision-making.

Maximizing Sales Price

There are no simple ways to sell a chimneys and supplies retail business. If you don't know what you're doing, your business could languish on the market for months or even years. Fortunately, a business broker can minimize the impact on your bank account and personal well-being. If you try to sell your business without a broker, your time will be consumed by the details of the sale. Subsequently, you'll be distracted from the demands of your auto supply store, business will suffer, and the sale price you receive for your company will be dramatically reduced. Time after time, sellers who hire qualified brokers are more satisfied with the sales process - and the price they receive for their chimneys and supplies retail businesses.

How to Skillfully Address Buyer Concerns

Business sellers sometimes struggle to maintain a positive attitude when dealing with buyers. It's completely normal for chimneys and supplies retail business sellers to be asked pointed questions during due diligence. To protect yourself, don't offer an answer until you are sure the information you are providing is 100% accurate. If due diligence drags on too long, your broker may need to intervene.

More Exit Planning Articles

Given your interest in exit planning and in chimneys and supplies retail businesses, you might find these additional resources to be of interest.

Marketing a Chimneys and Supplies Retail Business

Pre-Exit Employee Incentive Programs

Terms of Investment Banking Agreement

Role of Location In Selling a Business


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Do you have any more tips on how to sell a chimneys and supplies retail business? If so, submit your comments and suggestions so other entrepreneurs can learn from your experience.


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