Business Exits By Industry
Selling a Corporate Limousine Services 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 corporate limousine services business, it's in your best interest to maximize the sales price through the application of proven sales techniques.
Selling a corporate limousine services business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
Despite the conventional wisdom, we believe current economic conditions are right for selling a corporate limousine services business. With the right information and strategy, you could be well on your way to a successful sale
Working with Accountants
Professional accountants lend credibility to the financial preparation of a corporate limousine services business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. A professional audit can ease buyer concerns and amp up the value of your financial presentation. In certain instances, it may be appropriate to ask your accountant to vet the financials of prospective buyers, run credit checks or even structure the terms of a seller-financed deal.
Tips for Seller Financing
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized corporate limousine services business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
Moving On
The decision to sell your corporate limousine services business can't be made without adequate consideration of what will happen after the sale. many sellers find themselves ill-equipped to handle life after their business and fail to understand that their future plans can influence the sale process. In today's market, many buyers expect seller financing - a concession that might not be a possibility for sellers whose next step requires the entire proceeds at the time of the sale.
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