September 23, 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 Digital Camera Shop

With the economy limping along, many digital camera shop owners are hesitant to put their businesses on the market. Don't be deterred by economic uncertainty. There are plenty of reasons why this is the right time to put your digital camera shop on the market.

With planning and patience, most digital camera shops can be sold for a fair price in the current business-for-sale marketplace.
(article continues below)

If you're looking for a reason to wait to put your business on the market, you'll find it. Selling a digital camera shop isn't easy, but we believe sellers can achieve their goals in any economic environment.

Pre-Sale Checklist

The pre-sale checklist for a digital camera shop is long and is full of critical tasks that will likely determine the success (or failure) of your sale. Perhaps the most important pre-sale consideration is to right-size your expectations to the realities of the market. Armed with a realistic timeframe and asking price, you can begin to consult with your broker about the best way to approach likely buyers.

Negotiation 101

There's no room for error when you negotiate the sale ofa digital camera shop. More often than not, the person with the most knowledge will come out on top in a digital camera shop negotiation. But great negotiation begins with knowing yourself. What is the realistic price range for your digital camera shop? What is the minimum amount you're willing to settle on? Are you willing to offer seller financing or other concessions to close the deal? If you can't answer these questions, you're simply not ready to sit down at the negotiation table yet. If you aren't sure what you need, put negotiations on hold until you gain a clearer understanding of your own deal parameters.

Sale Documents

We run into a lot of digital camera shop sellers who intend to wait until the final contract to negotiate details. Big mistake. With few exceptions, sale structure is hammered out early, in the Letter of Intent . If you are seeking buyer concessions, the time to address them is before the Letter of Intent is drafted. For sellers, that makes a close review of the Letter of Intent more than a formality - it's a critical juncture on the path to closing.

More Exit Planning Articles

Given your interest in exit planning and in digital camera shops, you might find these additional resources to be of interest.

Marketing a Digital Camera Shop

Family Business Exit Plans

Pros and Cons of Using Business Brokers

Selling to Competitors


Conversation Board

Is there something we missed regarding how to sell a digital camera shop? 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 Digital Camera Shop?

If starting a digital camera shop is on your agenda, these guides will help you get started:

How to Start a Digital Camera Shop

Do You Market Products or Services to Digital Camera Shops?

If you consider digital camera shops to be sales prospects, there's more applicable information for you elsewhere on our site. These helpful guides are more appropriate for you:

Selling to Digital Camera Shops

Mailing Lists for Digital Camera Shops

More Business-for-Sale Advice and Information

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