Niche Exit Planning Strategies
Selling a Disabilities and Special Needs Clothing Business
We hear from a lot of business owners who are timid about listing their disabilities and special needs clothing business. Despite the mood of the market, we think there are still opportunities to receive a good price for your disabilities and special needs clothing business. Here's what you need to know . . .
Personal and professional concerns surround the sale of a disabilities and special needs clothing business. In our experience, a common owner concern is how the sale will affect customers and employees.
However, serious buyers also understand the value of a good disabilities and special needs clothing business. So for disabilities and special needs clothing business sellers, today's market is all about convincing buyers that the numbers make their companies worth the asking price.
Tips for Seller Financing
Business buyers are in a capital crunch. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized disabilities and special needs clothing business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. As you prepare for the sale of your disabilities and special needs clothing business, expect to be asked to finance a substantial part of the sale price.
What About Market Conditions?
No one plans to sell a disabilities and special needs clothing business in a down economy. Although the economy is gaining steam, recovery is slow and entrepreneurs are holding their cards close to their vests. But when the economy fully rebounds, a shadow inventory of disabilities and special needs clothing businesses will flood the market and drive prices down even further. So what's our point? The economy isn't the most important factor in the sale of your business. Instead, you should be focusing on making your disabilities and special needs clothing business as attractive as possible so to buyers right now.
It pays to invest in first-rate legal counsel when you sell a disabilities and special needs clothing business. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.
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