Niche Exit Planning Strategies
Selling a Door and Window Screen Cleaning Business
You've heard the naysayers - now isn't the time to sell a door and window screen cleaning business. But what they don't know is that many entrepreneurs see door and window screen cleaning businesses as a smart business investment.
Business buyers are a timid lot, even more so now that they are facing an uncertain economic landscape.
But at Gaebler, we see door and window screen cleaning businesses still selling at a brisk pace. Like always, unprofitable and poorly positioned businesses struggle to find buyers while sellers who have invested time and effort to prepare their sale are being rewarded in the marketplace.
What About Market Conditions?
No one plans to sell a door and window screen cleaning 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 and window screen cleaning business may be right now, as long as your willing to adequately prepare your business for the marketplace.
Preparing Your Employees
As a business owner, you want to keep you employees informed about your plans; as a seller it's in your best interest to keep your employees in the dark for as long as possible. On the one hand, confidentiality is critical for a successful door and window screen cleaning business sale. However, the longer the selling process drags on, the more likely it is that rumors will begin to circulate throughout your workforce. Consider informing your key employees first, followed by the rest of your workforce later in the process. Maintain a positive tone in your conversations and answer your employees questions as completely as you can without jeopardizing the sale.
Post-Sale Details
As your door and window screen cleaning businesssale nears completion, there is a lot of work remaining to be done. Handing over the keys and saying goodbye to your employees is easier said than done, and requires thoughtful consideration prior to closing. If there are pending details that still need to ironed out, address them ASAP to ensure a smooth closing and transition.
Share this article
Additional Resources for Entrepreneurs