December 1, 2020  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

How to Sell to a Business

 

Selling a Dishwashing Compounds Business

In any market, there are sellers and then there are serious sellers. We'll give you the tools you need to be taken seriously when you decide to sell your dishwashing compounds business.

In a down economy, many dishwashing compounds business sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of dishwashing compounds businesses that are actually for sale.
(article continues below)

Many dishwashing compounds business owners fail to receive fair market value for their businesses. That's unfortunate because all it takes to get a fair price in today's market is ample planning and an awareness of what's important to buyers.

Average Preparation Time

It's critical to properly plan for the sale ofa dishwashing compounds business. For starters, the financials need to demonstrate a track record of profitability and growth. Additionally, prospective buyers usually request documentation that allows them to understand the business's daily workflows and operational strategy. Since all of this takes time and effort, a dishwashing compounds business can rarely be ready for the marketplace in less than six months. However, to command the highest price, you'll probably need to spend one to two years preparing and positioning your business for buyers.

Broker vs. No Broker

Anyone who has ever sold a dishwashing compounds business has eventually needed to decide whether to use a business broker or go it alone. 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 dishwashing compounds business much less painful. A highly skilled broker can compensate for his commission by selling your business for a significantly higher price than you could achieve on your own. But whether you use a broker or not, you may want to list your dishwashing compounds business on BizBuySell.com and other popular online business-for-sale listing sites.

Identifying Serious Buyers

If you haven't sold a business before, prepare to be overwhelmed by tire kickers -- seemingly interested buyers who lack the capacity, ability or desire to actually purchase your dishwashing compounds business. Selling a business is hard enough. You can't afford to waste time on prospects that have no chance of turning their interest into an actual purchase. If you aren't sure what to look for in a serious buyer, ask your broker for advice. Never provide detailed information about your dishwashing compounds business until the prospect has been qualified as a serious buyer.

More Exit Planning Articles

We think you may find these additional resources to be of interest.

Marketing a Dishwashing Compounds Business

Pre-Exit Employee Incentive Programs

Pros and Cons of Using Business Brokers

How to Sell a Business


Conversation Board

Do you have any more tips on how to sell a dishwashing compounds business? If so, submit your comments and suggestions so other entrepreneurs can learn from your experience.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Need Information on Starting a Dishwashing Compounds Business?

If starting a dishwashing compounds business is on your agenda, these helpul resources may be just what you've been looking for:

How to Start a Dishwashing Compounds Business

Looking for Dishwashing Compounds Business Customers?

If you want information on how to sell to dishwashing compounds businesses, this isn't the best resource for you on our site. Try these useful resources instead:

Selling to Dishwashing Compounds Businesses

Mailing Lists for Dishwashing Compounds Businesses

More Information on How to Sell a Niche Company

If you are eager to get business succession tips for a different industry, try 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