December 4, 2020  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Selling a Company

 

Selling a Construction Management Residential Business

It's a misconception that no one is buying construction management residential businesses these days. Savvy entrepreneurs see construction management residential business opportunities as a path to short-term profits and long-term growth. Although final sales prices vary, the best sales combine strategy and hard work to achieve desired outcomes.

Market timing is a perennial problem for business sellers.
(article continues below)

In a skittish economy, construction management residential business sellers can access several strategies to receive fair market value from entrepreneurs who understand the value of a good business investment.

Working with Accountants

Professional accountants lend credibility to the financial preparation of a construction management residential business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. In many instances, your accountant will be invaluable in evaluating prospective buyers' financial position and buying capacity.

Buyer Concessions

Sellers aren't the only ones who can make concessions in a business sale. In many instances, sellers can request buyer concessions. Although this scenario frequently plays out around seller financed deals, it's possible to push for a higher sales price or other form of compensation if you agree to mentor the buyer for a specified period of time. Asset exclusions, retained ownership shares and long-term contracts with another of the seller's companies can also be leveraged to extract concessions from buyers.

Average Preparation Time

There are no effective shortcuts for selling a construction management residential business. Buyers want to see growth trends, healthy profits and other variables that increase the likelihood of long-term success. Additionally, prospective buyers usually request documentation that allows them to understand the business's daily workflows and operational strategy. Unless you have already started planning for your construction management residential business sale, it's going to take at least six months to prepare your business. A more likely scenario is that it will take more than a year to create the conditions necessary to receive the maximum sale price.

More Exit Planning Articles

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

Role of Location In Selling a Business

Marketing a Construction Management Residential Business

What Does a Business Broker Charge?


Conversation Board

We always appreciate feedback from our readers. If you have any comments, suggestions, or questions about how to sell a construction management residential business, we encourage you to get in touch with us today!


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Hoping to Open a Construction Management Residential Business?

If you plan on opening a construction management residential business, these helpul resources may be just what you've been looking for:

Starting a Construction Management Residential Business

Do You Market Products or Services to Construction Management Residential Businesses?

If you want information on how to sell to construction management residential businesses, there's more applicable information for you elsewhere on our site. These helpful guides are more appropriate for you:

Selling to Construction Management Residential Businesses

Mailing Lists for Construction Management Residential Businesses

More Business Transfer Information

If you are looking for exit plan advice for a different kind of business, please browse our list of exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary