Selling a drapery and curtain alterations business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
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Too often drapery and curtain alterations business owners sell for a price that is well below market value. With the right strategy, your sale doesn't have to end that way.
Laying the Groundwork
A successful drapery and curtain alterations business sale begins with careful planning. Although you are convinced your business has value in the marketplace, the planning process establishes a framework for communicating its value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a drapery and curtain alterations business to the marketplace. At a minimum, you'll want to position your business to receive the highest possible sale price, prepare a packet for prospective buyers and perform an initial appraisal before you put your drapery and curtain alterations business on the market.
Finding Drapery & Curtain Alterations Business Buyers
Qualified drapery and curtain alterations business buyers come from a range of sources and backgrounds. So you'll need to take a diverse approach to identifying prospective buyers. That means listing your drapery and curtain alterations business in trade-specific directories as well as general business-for-sale databases. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.
Tips for Working with A Business Broker
Brokerage is a mainstay of the business-for-sale marketplace. Brokerage is particularly common in the drapery and curtain alterations business-for-sale market, where aggressive selling strategies are the norm. However, your broker will still expect you to materially participate in the sale of your business. Successfully brokered sales are based on solid relationships between brokers and sellers as well as the strict execution of a common selling strategy.
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