November 30, 2020  
 
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Selling a Games and Supplies Dealership

Forget about what you read in the paper -- games and supplies dealerships are being sold everyday and the business-for-sale market is poised for even greater growth in the months ahead.

The economy isn't the only thing that is uncertain these days. So are games and supplies dealership buyers, many of whom are waiting to pull the trigger on their next acquisition.
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In order to market a games and supplies dealership now, you need to apply the right combination of preparation, strategy and common sense.

Average Timeframes

Hoping for a quick games and supplies dealership sale? You may be disappointed. Unfortunately, there are no hard and fast rules about the length of time your business will be on the market. Pricing plays a role in sale length, but there are no guarantees that a fairly priced business will sell quickly. To adequately prepare your business listing, plan on spending six months to a year prior to listing. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.

Maximizing Sales Price

There are no simple ways to sell a games and supplies dealership. If you don't know what you're doing, your business could languish on the market for months or even years. Many sellers find that hiring a business broker makes the demands of a sale much more tolerable. Seller fatigue is a real concern - if your business sits on the market too long, you will be tempted to sell below your expectations. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their games and supplies dealerships.

Preparing Your Employees

Business sellers walk a fine line when it comes to preparing their employees for a sale. You're concerned about confidentiality, and rightfully so. But sooner or later, employees will begin to suspect that something is up, especially when you start parading prospective buyers through the business. When that happens, it's best to have a frank conversation with your team rather than allowing rumors to circulate through the organization. Above all else, it's imperative to encourage your workers to maintain a positive attitude and work ethic. If you're having trouble navigating the employee minefield, consult a business broker for advice.

More Exit Planning Articles

Given your interest in exit planning and in games and supplies dealerships, you might find these additional resources to be of interest.

Marketing a Games and Supplies Dealership

Terms of Investment Banking Agreement

Five Tips for Maximizing Your Business Sale Price

Pros and Cons of Using Business Brokers


Conversation Board

Sometimes the best tips on selling a business come from other business owners. If you have any tips or advice on how to sell a games and supplies dealership, we invite you to submit your comments and suggestions.


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