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.
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.
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.
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.
Given your interest in exit planning and in digital camera shops, you might find these additional resources to be of interest.
If starting a digital camera shop is on your agenda, these guides will help you get started:
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:
If you are looking for exit plan advice for a different kind of business, please browse our directory of exit planning guides below.