Exit Planning Techniques By Market
Selling a Foundations Inspection Business
You've heard the naysayers - now isn't the time to sell a foundations inspection business. But what they don't know is that many entrepreneurs see foundations inspection businesses as a smart business investment.
In a down economy, many foundations inspection 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 foundations inspection businesses that are actually for sale.
Despite the conventional wisdom, we believe current economic conditions are right for selling a foundations inspection business. Here's how to do it . . .
Pros & Cons of a Sale to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. Yet most employees lack the means to buy their employer's business at or near the asking price. Seller financing is one way to get around the capital deficit of an employee-based foundations inspection business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.
Timing Your foundations inspection business Sale
When is it the right time to sell your foundations inspection business? If you're asking the question, now may be the time to put your business on the market. Opinions are mixed and some consultants are advising foundations inspection business owners to wait for a better economy to put their business on the market. At Gaebler, we have a much more optimistic view of your chances in the foundations inspection business-for-sale market. The inventory of what we consider to be quality foundations inspection businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Maximizing Sales Price
There are no simple ways to sell a foundations inspection business. If you don't know what you're doing, your business could languish on the market for months or even years. Fortunately, a business broker can minimize the impact on your bank account and personal well-being. Seller fatigue is a real concern - if your business sits on the market too long, you will be tempted to sell below your expectations. Time after time, sellers who hire qualified brokers are more satisfied with the sales process - and the price they receive for their foundations inspection businesses.
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