Exit Planning Techniques By Market
Selling a Funeral Home Design Consultants Business
No one said selling your business in a depressed economy would be easy. Fortunately, a funeral home design consultants business sale isn't as scary as it seems.
Business buyers are a timid lot, even more so now that they are facing an uncertain economic landscape.
The good news is that ambitious entrepreneurs continue to see funeral home design consultants businesses as a smart business investment -- and the market is rewarding owners who are willing to invest time and energy in their sale.
Setting the Stage
Effective funeral home design consultants business preparation focuses on communicating value to prospective buyers. A first-rate business broker can give your business an edge by facilitating the preparation process and orienting your presentation toward today's buyers. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium funeral home design consultants business opportunity.
Sale Costs
In a funeral home design consultants business sale, pricing is based on a number of factors, including the costs incurred during the sale. Hiring a broker is a mixed bag because although brokers can increase the sale price, they also take a 10% fee. Professional consultations can also represent a significant expense during the course of a funeral home design consultants business sale. Likewise, you'll need to consider how much it will cost to promote the sale as well as the lost time it will take for you and your team to navigate the sale process.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. By far, seller financing is the most sought-after concession, especially in the current economic environment. Traditional lenders and investors are gun shy - and that makes sellers a logical funding source for many buyers. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
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