December 1, 2020  
 
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Selling a Furniture Designers and Custom Builders Business

Don't believe anyone who tells you it's easy to sell a furniture designers and custom builders business. A lot of things need to happen before you can successfully exit your business. But with a few tips, you can keep your shirt and your sanity in the sale of your business.

Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
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There is no simple way to sell a business. But the most prepared furniture designers and custom builders business sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.

Laying the Groundwork

A successful furniture designers and custom builders business sale begins with careful planning. Although you are convinced your business has value in the marketplace, the planning process establishes a framework for communicating its value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a furniture designers and custom builders business to the marketplace. At a minimum, you'll want to position your business to receive the highest possible sale price, prepare a packet for prospective buyers and perform an initial appraisal before you put your furniture designers and custom builders business on the market.

Dealing with Tire Kickers

Unfortunately, many of the prospects you will encounter aren't serious buyers. As a seller, it's important to separate the tire kickers from the serious buyers as soon as possible. Each tire kicker is an investment of time and energy that could be poured into finding a more qualified prospect. Your business broker can offer insights about how to quickly spot tire kickers. Never provide detailed information about your furniture designers and custom builders business until the prospect has been qualified as a serious buyer.

Legal Considerations

It pays to invest in first-rate legal counsel when you sell a furniture designers and custom builders business. Tackling the legal nuances and tax ramifications of a sale without a first-rate business lawyer is an invitation for disaster. In some cases, an attorney may also provide assistance in securing long-term leases or vendor contracts to make your furniture designers and custom builders business more attractive to buyers. If you don't know an attorney with experience in the business-for-sale market, ask your broker for a referral.

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We think you may find these additional resources to be of interest.

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Pre-Exit Employee Incentive Programs


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