September 28, 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 Core Drilling Contractors Business

Market shifts affect business values and the core drilling contractors business industry has seen more than its share of fluctuations in business values. Many sellers have exited their companies under less-than-ideal circumstances. Yet it's still possible to achieve personal and professional goals when selling a core drilling contractors business during challenging economic times.

The business-for-sale market is just as frustrating for buyers as it is for sellers these days. Although there are plenty of entrepreneurs who want to buy a core drilling contractors business, capital restrictions are holding them back.
(article continues below)

Despite the conventional wisdom, we believe current economic conditions are right for selling a core drilling contractors business. Here's how to do it . . .

When to End Negotiations

If the devil is in the details, the negotiation stage of a core drilling contractors business sale is the devil's playground. But sooner or later, someone needs to bring negotiations to a close. Unfortunately, that responsibility often falls on the seller. It's not unusual for a core drilling contractors business sale negotiation to reach an impasse over price or other concessions. If you are adequately prepared, you'll know what your bottom line is -- and if the buyer is unwilling to meet your bottom line requirements or if negotiations are stalled, it's time to step back from the negotiating table and re-evaluate your options.

Legal Considerations

It's obvious that you're going to need to hire an attorney to finalize the sale of your core drilling contractors business. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.

Sale Preparations for Your Core Drilling Contractors Business

The outcome of a business sale is largely determined prior to a market listing. Successful core drilling contractors business sales opportunities leverage a long-term strategy to increase the value of the business to buyers. Everything you do to increase market share and profitability has a payoff in the final sale price of your core drilling contractors business. But your efforts to improve your company's position and profitability will only be effective if you invest similar effort into the preparation of accurate financial statements for buyers.

More Info on Business Transitions and Related Articles

We think you may find these additional resources to be of interest.

Marketing a Core Drilling Contractors Business

How To Choose An Investment Banker


Conversation Board

Is there something we missed regarding how to sell a core drilling contractors business? We're always interested in hear your feedback, tips, and questions!


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 Core Drilling Contractors Business?

If you plan on opening a core drilling contractors business, these helpul resources may be just what you've been looking for:

Opening a Core Drilling Contractors Business

Do You Market Products or Services to Core Drilling Contractors Businesses?

If you consider core drilling contractors businesses to be sales prospects, this isn't the best resource for you on our site. Try these useful resources instead:

Selling to Core Drilling Contractors Businesses

Mailing Lists for Core Drilling Contractors Businesses

More Guides on Selling a Business

If you are looking for exit plan advice for a different kind of business, please browse our alphabetical directory 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