September 20, 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 Construction Trusses Business

Despite the pessimistic mood of many sellers, your construction trusses business can be a high value acquisition target for ambitious entrepreneurs -- even in today's tough economy.

Business buyers are a timid lot, even more so now that they are facing an uncertain economic landscape.
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In a skittish economy, construction trusses business sellers can access several strategies to receive fair market value from entrepreneurs who understand the value of a good business investment.

Maximizing Sales Price

There are no simple ways to sell a construction trusses business. If you don't know what you're doing, your business could languish on the market for months or even years. Fortunately, a business broker can minimize the impact on your bank account and personal well-being. If you try to sell your business without a broker, your time will be consumed by the details of the sale. Subsequently, you'll be distracted from the demands of your auto supply store, business will suffer, and the sale price you receive for your company will be dramatically reduced. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their construction trusses businesses.

Sale Preparations for Your Construction Trusses Business

First-time business sellers sometimes don't realize that the success or failure of their sale is determined before it hits the market. Attractive construction trusses business sales begin with a comprehensive strategy that incorporates planning, preparation and market positioning. Even though it may take years to adequately position your construction trusses business, the amount of preparation you perform will have direct correlation on asking and sale prices. It is especially helpful if your financial reports can demonstrate a multiyear growth trend for potential buyers.

Tips for Seller Financing

Capital is hard to come by these days. Financial institutions have tightened up their lending policies, making it difficult for inexperienced and undercapitalized entrepreneurs to buy construction trusses businesses. As a result, buyers expect sellers to finance a significant portion of the sale. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.

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Ready to learn more? You may find these additional resources to be of interest.

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