Business Exits By Industry
Selling a Clocks Wholesale and Manufacturers Business
Is the economy still a little shaky for a business sale? Sure it is. Yet clocks wholesale and manufacturers businesses continue to sell at a brisk pace, regardless of the economy.
You won't find any magic formulas for selling a clocks wholesale and manufacturers business, especially while the market is struggling to overcome the perceptions created by a down economy.
If you're ready to move on, now is the right time to sell your clocks wholesale and manufacturers business.
Negotiation 101
As a business seller, you have to be at the top of your negotiating game. In a clocks wholesale and manufacturers business sale, knowledge is power -- the more you know about your business and prospective buyers, the easier it is to sway negotiations in your favor. But before you can negotiate effectively, you need to have a clear sense of your minimum sale requirements. If you lack clarity about your goals, you're guaranteed to fall short of achieving of them. Consult with a broker, advisor, or negotiation team to clarify your expectations and devise a negotiation strategy.
Broker vs. No Broker
When selling a clocks wholesale and manufacturers business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Although brokerage fees can be substantial, the right broker can reduce the amount of time your clocks wholesale and manufacturers business sits on the market. If you're on the fence, do your research before you make a final decision. BizBuySell.com and other websites offer detailed information about brokers and the process of performing a brokered clocks wholesale and manufacturers business sale.
When Is the Right Time to Sell?
If you're feeling like your tenure as the owner of the clocks wholesale and manufacturers business is coming to an end, the time to sell is now. Some experts are telling clocks wholesale and manufacturers business sellers to put their plans on hold until the economy fully rebounds. At Gaebler, we have a much more optimistic view of your chances in the clocks wholesale and manufacturers business-for-sale market. With so many sellers holding back, there isn't a lot of inventory out there and you may be able to get a great price for your practice depending on how well you prepare the business and your ability to execute your sale strategy.
Share this article
Additional Resources for Entrepreneurs