Niche Exit Planning Strategies
Selling a Door Closers and Checks Business
Business sellers have diverse personal and professional goals for the sale of their companies. But no matter what you expect from the sale of your door closers and checks business, it's in your best interest to maximize the sales price through the application of proven sales techniques.
A business exit is always a trying experience. But when you need to sell your door closers and checks business in a depressed economy, the challenges can seem insurmountable.
If you're looking for a reason to wait to put your business on the market, you'll find it. Selling a door closers and checks business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Current Market Conditions
No one plans to sell a door closers and checks business in a down economy. So far, government intervention and promises that the economy is slowly recovering haven't been enough to alleviate many entrepreneur's fears. However, many business sellers don't realize that a full economic rebound can have devastating consequences, particularly if sellers who have waited to list their businesses suddenly create a glut in the business-for-sale marketplace. Like it or not, the time to sell your door closers and checks business may be right now, as long as your willing to adequately prepare your business for the marketplace.
Valuation Methods
Multiple valuation methods exist for a door closers and checks business. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. Finally, the market method determines the worth of your door closers and checks business based on the sales of similar businesses in your geographic area. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
Broker vs. No Broker
When selling a door closers and checks 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 door closers and checks business much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
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