Exit Planning Techniques By Market
Selling a Foam Insulation Business
Many business leaders say that now isn't the time to try to sell a foam insulation business. Don't be deterred by economic uncertainty. There are plenty of reasons why this is the right time to put your foam insulation business on the market.
It takes dedication to sell a foam insulation business under the best of circumstances. In the current market, you'll need to redouble your efforts and get serious about convincing prospects that your company is a good investment.
It may require a little finesse, but if you're prepared to take the next step in your entrepreneurial career then it's time to brave the foam insulation business market and locate potential buyers ASAP.
Seller concessions are becoming more commonplace in business-for-sale transactions. Not surprisingly, seller financing is routinely requested by today's buyers. With entrepreneurs struggling to secure capital, you may be the buyer's only source of financing. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
What to Expect in a Foam Insulation Business Sale
It's impossible to predict the emotional highs and lows you will experience during the sale of your foam insulation business. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Accurate expectations, a solid strategy and a strong support system can be valuable resources for coping with the personal impact of the sale.
Broker vs. No Broker
The decision of whether or not to hire a business broker should never be taken lightly. Business brokers typically charge a 10% "success fee" when they sell a business, but they also handle many of the hassles that are associated with selling a foam insulation business. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
Have Friends Who Might Like This Article?
Let them know on LinkedIn
Ready to Learn More? We Think You Might Like These Articles:
Additional Resources for Entrepreneurs