November 30, 2020 is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

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Selling a Company


Selling a Drapery and Curtain Alterations 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 drapery and curtain alterations business.

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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Given your interest in exit planning and in drapery and curtain alterations businesses, you might find these additional resources to be of interest.

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What challenges have you experienced in selling a drapery and curtain alterations business or are you just getting started? If you have questions or advice to share, we'd love to hear from you!

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