Niche Exit Planning Strategies
Selling a Diamond Cutters Business
Although a diamond cutters business may not be completely recession-proof, the best companies can survive nearly any storm. All it takes is a strategy to identify solid prospects and convert them to buyers.
Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
Most diamond cutters businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
Should I Hire a Business Broker?
When selling a diamond cutters business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your diamond cutters business much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
When Is the Right Time to Sell?
When is it the right time to sell your diamond cutters business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling diamond cutters business sellers to put their plans on hold until the economy fully rebounds. But despite the negativity that exists in some sectors, if you have a desire to sell your diamond cutters business now, there is a high probability that you can sell it in the current market. The inventory of what we consider to be quality diamond cutters businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Seller Financing
Capital is hard to come by these days. Thanks to more stringent commercial lending requirements, sellers have become de facto lenders, providing the financing buyers need to get their feet in the door. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
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