December 3, 2020 is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

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Selling a Company


Selling a Community Services Agencies Business

You've learned a lot during your tenure as a community services agencies business owner. Before you walk away, you have one more challenge to overcome: A successful and profitable business sale.

Cutting corners never pays off, especially in the sale of a community services agencies business.
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Armed with a deliberate selling strategy, sellers of community services agencies businesses are finding qualified buyers, even in today's tough market.

What About Market Conditions?

No one plans to sell a community services agencies business in a down economy. Entrepreneurs and investors still exhibit healthy skepticism, despite initial indication that recovery has begun. Despite the risks, sellers need to be cognizant of the fact that there is a large volume of community services agencies businesses waiting to be listed until the economy rebounds. When that happens, the buyers' market will become even stronger and have a negative impact on prices. So what's our point? The economy isn't the most important factor in the sale of your business. Instead, you should be focusing on making your community services agencies business as attractive as possible so to buyers right now.

Selling a Community Services Agencies Business to an Employee

There are both benefits and drawbacks to selling a community services agencies business to an employee. There are some perks to selling the business in-house. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. Yet most employees lack the means to buy their employer's business at or near the asking price. Seller financing is one way to get around the capital deficit of an employee-based community services agencies business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.

Advantages of Hiring a Broker

Brokers give community services agencies business sellers distinct advantages in the marketplace. First-rate brokers are extremely skilled at communicating your company's strengths to prospective buyers. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Although you will pay a fee for brokerage, it's generally worth it because the end result will be a higher sales prices and more favorable terms.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in community services agencies businesses, you might find these additional resources to be of interest.

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