January 15, 2021  
 
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Selling a Construction Control Services Business

Many business leaders say that now isn't the time to try to sell a construction control services business. At Gaebler, we think it's a great time to sell a construction control services business. Here's why . . ..

The economy isn't the only thing that is uncertain these days. So are construction control services business buyers, many of whom are waiting to pull the trigger on their next acquisition.
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Growth-minded entrepreneurs also find an appealing construction control services business hard to pass up. To sell your construction control services business, you'll need to go the extra mile to prove your company has the potential to deliver steady revenue and a solid ROI.

The Best Person to Sell Your Construction Control Services Business

An unassisted business sale is a double-edged sword. Without a doubt, you have the most at stake in the outcome of your sale. That makes you the most passionate advocate for your construction control services business in the business-for-sale marketplace. However, your close connection to your company can also be a drawback. Nearly all sellers have an inflated sense of their company's value. So in many cases, the introduction of third-party opinions regarding value and negotiation parameters is a fundamental requirement for a successful construction control services business sale.

Laying the Groundwork

Effective construction control services business preparation focuses on communicating value to prospective buyers. In our experience, it pays to solicit the advice of a professional business broker as soon as possible. A good broker will guide you through the preparation stage and make sure you've covered all the bases. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium construction control services business opportunity.

Selling to a Family Member

Selling a business to a family member might sound like the best of both worlds. You get an exit strategy, your construction control services business stays in the family, and everyone is happy. Yeah, right. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. Although it may seem odd, a sale to a family member can take longer than a sale to a stranger because it may take time to work through family issues prior to closing.

More Info on Business Transitions and Related Articles

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

Marketing a Construction Control Services Business

Role of Location In Selling a Business

Why Most Businesses Do Not Have Exit Plans

Entrepreneurial Exit Strategies


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