September 27, 2020  
 
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Selling a Company

 

Selling a Concrete Reinforcements Business

Is the economy still a little shaky for a business sale? Sure it is. Yet concrete reinforcements businesses continue to sell at a brisk pace, regardless of the economy.

Most business sellers are interested in disposing of their businesses as quickly as possible. But that's not how a concrete reinforcements business sale works.
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The business-for-sale market is extremely dynamic. Knowledgeable entrepreneurs understand that market timing isn't nearly as important as other factors in a concrete reinforcements business sale. To improve sale outcomes, you will simply need to tailor your concrete reinforcements business to today's buyers.

Preparing Family Members

Since your business was a family affair, your family members should also be involved in its sale Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. The sale of the business will likely result in new family dynamics. To keep the family intact, the sale of a concrete reinforcements business often begins with a family conversation and a mutual decision to move on the next stage of life.

How Much Does It Cost to Sell a concrete reinforcements business?

In a concrete reinforcements business sale, pricing is based on a number of factors, including the costs incurred during the sale. Good brokerage takes a 10% success fee off the top of the final sale price. Professional consultations can also represent a significant expense during the course of a concrete reinforcements business sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.

Negotiation Teams

Business sellers are sometimes surprised to find themselves in the position of negotiator-in-chief. When you sell your concrete reinforcements business, your business brokers may or may not be willing to conduct negotiations for you. Negotiation is a chess game, best played with the resources and backend support of a negotiation team. A negotiation team comprised of trusted advisors and senior business leaders is essential in helping you devise a winning negotiation strategy. More importantly, a negotiation team can serve as a sounding board -- an objective presence that prohibits your personal emotions from clouding your judgment or sabotaging your efforts to negotiate a successful deal.

More Exit Planning Articles

Given your interest in exit planning and in concrete reinforcements businesses, you might find these additional resources to be of interest.

Marketing a Concrete Reinforcements Business

Five Tips for Maximizing Your Business Sale Price

What Does a Business Broker Charge?

Role of Location In Selling a Business


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