The economy isn't the only thing that is uncertain these days. So are construction estimators business buyers, many of whom are waiting to pull the trigger on their next acquisition.
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If you're looking for a reason to wait to put your business on the market, you'll find it. Selling a construction estimators business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Capital is hard to come by these days. Thanks to more stringent commercial lending requirements, sellers have become de facto lenders, providing the financing buyers need to get their feet in the door. It's common for sellers to finance as much as 70% of the purchase price with a payoff period of four or five years, sometimes in the form of a balloon payment at the end of the repayment period.
Timing Your construction estimators business Sale
Most business owners know when it's time to exit their company. Some experts are telling construction estimators business sellers (or would-be sellers) to take a wait and see approach. We aren't nearly as pessimistic about the construction estimators business marketplace. With so many sellers holding back, there isn't a lot of inventory out there and you may be able to get a great price for your practice depending on how well you prepare the business and your ability to execute your sale strategy.
In a construction estimators business sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . By the time the deal reaches the final contract, many of its features are set in stone. For sellers, that makes a close review of the Letter of Intent more than a formality - it's a critical juncture on the path to closing.
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