Business Exits By Industry
Selling a Common and Face Brick Wholesale and Manufacture Business
Business-for-sale markets are susceptible to a variety of influences. As you know, the common and face brick wholesale and manufacture business market has been exceptionally volatile. Many sellers have exited their companies under less-than-ideal circumstances. Yet it's still possible to achieve personal and professional goals when selling a common and face brick wholesale and manufacture business in the current economic environment.
You've invested too much in your common and face brick wholesale and manufacture business to let it be sold for less than its worth. But unless you adequately prepare for the sale, some lucky buyer may walk away with a huge discount.
At Gaebler, we think waiting for the economy to rebound is a mistake for many business owners. Selling a common and face brick wholesale and manufacture business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Tips for Seller Financing
Capital is hard to come by these days. Financial institutions have tightened up their lending policies, making it difficult for inexperienced and undercapitalized entrepreneurs to buy common and face brick wholesale and manufacture businesses. As a result, buyers expect sellers to finance a significant portion of the sale. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
Brokerage Benefits
There are many reasons why hiring a broker makes sense in common and face brick wholesale and manufacture business sales. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.
Average Timeframes
Hoping for a quick common and face brick wholesale and manufacture business sale? You may be disappointed. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. Before you can list your common and face brick wholesale and manufacture business, you'll need to invest as much as a year in preparing it for prospective buyers. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.
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