Niche Exit Planning Strategies
Selling a Dormer Construction 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 dormer construction business, it's in your best interest to maximize the sales price through the application of proven sales techniques.
An assortment of hurdles and obstacles stand between you and the successful sale of your dormer construction business.
But they're also savvy enough to know a good deal when they see it. So for dormer construction business sellers, today's market is all about convincing buyers that the numbers make their companies worth the asking price.
Current Market Conditions
No one plans to sell a dormer construction 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. 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 dormer construction business as attractive as possible so to buyers right now.
Working with Accountants
Professional accountants lend credibility to the financial preparation of a dormer construction business sale. From a seller perspective, an accountant can offer personal financial assistance, especially when it comes to handling the disposition of sale proceeds. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your dormer construction business's physical assets. But you'll need to commission your own appraisal before you put your dormer construction business on the market to arm yourself with information for the negotiation phase. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your dormer construction business.
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