January 18, 2021  
 
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Selling a Fireproofing and Firestopping Business

You've invested time, effort, and creativity into building your fireproofing and firestopping business. But the hard work isn't done yet. Before you can make a graceful exit, you will have to invest yourself in your business sale.

Most entrepreneurs have the skills and stamina to endure and prosper during the sale ofa fireproofing and firestopping business.
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Most fireproofing and firestopping businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.

Working with Accountants

Accountants lay the financial groundwork for a business sale. Most fireproofing and firestopping business have significant tax consequences requiring the input of a qualified accountant. A professional audit can ease buyer concerns and amp up the value of your financial presentation. In many instances, your accountant will be invaluable in evaluating prospective buyers' financial position and buying capacity.

Business Assets

It's incumbent on buyers to commission their own appraisal of your fireproofing and firestopping 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 pre-sale appraisal is a prerequisite for because it offers insights about your assets' market value before you initiate conversations with prospective buyers. A pre-listing appraisal also gives you the opportunity to document the condition of your fireproofing and firestopping business's assets and possible even make repairs or upgrades to increase the total value of the operation.

When Is the Right Time to Sell?

When is it the right time to sell your fireproofing and firestopping business? If you're asking the question, now may be the time to put your business on the market. Some experts are telling fireproofing and firestopping business owners to wait for a better economy to put their business on the market. We aren't nearly as pessimistic about the fireproofing and firestopping business marketplace. The inventory of what we consider to be quality fireproofing and firestopping businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.

More Exit Planning Articles

Given your interest in exit planning and in fireproofing and firestopping businesses, you might find these additional resources to be of interest.

Marketing a Fireproofing and Firestopping Business

How Much Is My Business Worth?

Why Hire an Exit Planning Consultant

Family Business Exit Plans


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We always appreciate feedback from our readers. If you have any comments, suggestions, or questions about how to sell a fireproofing and firestopping business, we encourage you to get in touch with us today!


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If starting a fireproofing and firestopping business is on your agenda, these guides will help you get started:

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