Exit Planning Techniques By Market
Selling a Fingerprinting Services and Equipment Business
Don't believe anyone who tells you it's easy to sell a fingerprinting services and equipment business. A lot of things need to happen before you can successfully exit your business. But with a few tips, you can keep your shirt and your sanity in the sale of your business.
Most entrepreneurs have the skills and stamina to endure and prosper during the sale ofa fingerprinting services and equipment business.
The business-for-sale market is extremely dynamic. That's why we think it's important for fingerprinting services and equipment business owners to know that it's possible to sell a business in any economy. To improve sale outcomes, you will simply need to tailor your fingerprinting services and equipment business to today's buyers.
Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. By far, seller financing is the most sought-after concession, especially in the current economic environment. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
Pre-Sale Checklist
There is a lot of work that needs to be done before you're ready to sell your fingerprinting services and equipment business. The first item on your checklist should be a reality check -- if you plan to sell your business for top dollar in just a few short months, you need to adjust your expectations%However, your first priority should be to set realistic expectations for the selling process and its eventual outcome. Armed with a realistic timeframe and asking price, you can begin to consult with your broker about the best way to approach likely buyers.
Broker vs. No Broker
The decision of whether or not to hire a business broker should never be taken lightly. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your fingerprinting services and equipment business much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
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