Dire economic forecasts have forced many fruits and vegetables wholesale business sellers into hibernation. Instead of listing their companies now, they're hanging back until they see signs of an economic recovery.
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In today's market, there is still plenty of room for fruits and vegetables wholesale businesses that demonstrate solid earning capacity and a robust market position.
Seller concessions are becoming more commonplace in business-for-sale transactions. In a down economy sellers become bankers; an unwillingness to finance at least part of the sale of a fruits and vegetables wholesale business can translate into a dead deal. 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.
Current Market Conditions
No one plans to sell a fruits and vegetables wholesale business in a down economy. So far, government intervention and promises that the economy is slowly recovering haven't been enough to alleviate many entrepreneur's fears. However, many business sellers don't realize that a full economic rebound can have devastating consequences, particularly if sellers who have waited to list their businesses suddenly create a glut in the business-for-sale marketplace. So what's our point? The economy isn't the most important factor in the sale of your business. Instead, you should be focusing on making your fruits and vegetables wholesale business as attractive as possible so to buyers right now.
In a fruits and vegetables wholesale business sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . If you are seeking buyer concessions, the time to address them is before the Letter of Intent is drafted. For sellers, that makes a close review of the Letter of Intent more than a formality - it's a critical juncture on the path to closing.
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