July 7, 2020  
 
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Selling a Company

 

Selling a Fire and Water Damage Restoration Equipment and Supplies Business

The decision to sell your fire and water damage restoration equipment and supplies business isn't something that should be taken lightly, especially these days. If a business exit is on the horizon, you'll want to check out our suggestions for staying ahead of the market.

You need to get a good price for your fire and water damage restoration equipment and supplies business. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
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In a skittish economy, fire and water damage restoration equipment and supplies business sellers can access several strategies to receive fair market value from entrepreneurs who understand the value of a good business investment.

Preparing for What's Next

What will happen if your fire and water damage restoration equipment and supplies business is a success? If you aren't sure what's next, you could be in trouble because future plans and selling strategy are inextricably connected. In today's market, many buyers expect seller financing - a concession that might not be a possibility for sellers whose next step requires the entire proceeds at the time of the sale.

Benefits of Third-Party Assistance

Rarely, if ever, do owners sell a fire and water damage restoration equipment and supplies business without outside assistance. Although it's wise to recruit a business broker, brokerage isn't your only concern. Additionally, you may want to hire professionals for legal, valuation and other functions before you put your business on the market. The early recruitment of external resources reduces your risk and results in a more predictable final outcome.

Business Assets

During due diligence, the buyer will undoubtedly conduct his own appraisal of your fire and water damage restoration equipment and supplies business's inventory, equipment, and physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. 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 fire and water damage restoration equipment and supplies business.

More Exit Planning Articles

Ready to learn more? You may find these additional resources to be of interest.

Marketing a Fire and Water Damage Restoration Equipment and Supplies Business

Selling to Competitors


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Need Information on Starting a Fire & Water Damage Restoration Equipment & Supplies Business?

If starting a fire and water damage restoration equipment and supplies business is on your agenda, these helpul resources may be just what you've been looking for:

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