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Selling a Coal Brokers Business
We hear from a lot of business owners who are timid about listing their coal brokers business. Despite the mood of the market, we think there are still opportunities to receive a good price for your coal brokers business. Here's what you need to know . . .
Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
Does that mean selling your coal brokers business will be a piece of cake? No -- but you might be surprised to learn that the coal brokers businesses that are selling these days are finding success though simple, common sense selling strategies.
How to Choose a Business Broker
Good business brokers inevitably produce better business sales. During the selection process, look for brokers with a proven track record of successful coal brokers business sales. Take our word for it -- coal brokers businesses are unique businesses and you need a broker who understands how to properly market your coal brokers business to prospective buyers. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling coal brokers businesses.
Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized coal brokers business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
Sale Preparations for Your Coal Brokers Business
The outcome of a business sale is largely determined prior to a market listing. Profitable coal brokers business sales begin with a comprehensive strategy that incorporates planning, preparation and market positioning. Everything you do to increase market share and profitability has a payoff in the final sale price of your coal brokers business. But your efforts to improve your company's position and profitability will only be effective if you invest similar effort into the preparation of accurate financial statements for buyers.
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