October 25, 2020  
 
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Selling a Company

 

Selling a Cork and Cork Products Business

Business sellers have diverse personal and professional goals for the sale of their companies. But no matter what you expect from the sale of your cork and cork products business, it's in your best interest to maximize the sales price through the application of proven sales techniques.

Business buyers are a timid lot, even more so now that they are facing an uncertain economic landscape.
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There is no simple way to sell a business. But the most prepared cork and cork products business sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.

The Case for Confidentiality

Highly publicized cork and cork products business sales are risky cork and cork products businesssales. A low-key selling strategy is a low risk activity because you can control who does (and doesn't) know that your business is on the market. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Although it can be difficult, it's important to strike a balance between confidentiality and sale promotion. Brokers and consultants can mitigate the risk by implementing confidential sale techniques.

Understanding Market Timing

Now may be the best time to sell a cork and cork products business. With interest rates at all-time lows, it's easy to see why cork and cork products businesses are an appealing investment opportunity for savvy investors. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. So we see market timing as a concern that can be easily mitigated by applying fundamental sales strategies and adequately preparing your company for buyers.

Brokerage Benefits

A good broker can offer several benefits to business sellers. First-rate brokers are extremely skilled at communicating your company's strengths to prospective buyers. Second, a good business broker is a master at confidentiality locating cork and cork products business sale prospects and guiding sellers through negotiations. Although you will pay a fee for brokerage, it's generally worth it because the end result will be a higher sales prices and more favorable terms.

More Info on Business Transitions and Related Articles

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

Marketing a Cork and Cork Products Business

Entrepreneurial Exit Strategies

Five Tips for Maximizing Your Business Sale Price

How Much Is My Business Worth?


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