In a down economy, many faucets business sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of faucets businesses that are actually for sale.
(article continues below)
Despite the conventional wisdom, we believe current economic conditions are right for selling a faucets business. We'll tell you what you need to know to achieve a successful sale outcome
Finding Faucets Business Buyers
It's difficult to predict where the buyer of your faucets business will come from. To cover all your bases, you'll need to conduct a broad buyer search process. Although it's helpful to target promotional tactics to likely buyers, allow for some exposure to the broader market. 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.
Understanding Market Timing
Now may be the best time to sell a faucets business. With interest rates at all-time lows, it's easy to see why faucets businesses are an appealing investment opportunity for savvy investors. When the economy recovers there will be more faucets business buyers on the market, but higher interest rates could present challenges. At Gaebler, we recognize the value of timing the sale of your faucets business. But we think it's more important to properly position your business for current market conditions -- whatever they may be.
If you're smart, you entered your faucets business with a set of assumptions about what it would achieve. However, no one told the marketplace about your expectations. The outcome of your sale will be determined by market forces - not by your personal circumstances or desires. Sometimes, sellers need to readjust their expectations to accommodate market realties. If price is the most important outcome, you may need to agree to seller financing or other concessions. If a fast sale is the highest priority, you may need to lower the asking price to quickly capture the attention of the marketplace.
Given your interest in exit planning and in faucets businesses, you might find these additional resources to be of interest.
If you plan on opening a faucets business, these helpul resources may be just what you've been looking for:
If you want information on how to sell to faucets businesses, there's more applicable information for you elsewhere on our site. These helpful guides are more appropriate for you:
If you are eager to get business succession tips for a different industry, please browse our directory of exit planning guides below.