May 26, 2020  
 
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Selling a Global Positioning Surveyors Business

There's a right way and a wrong way to sell a global positioning surveyors business in today's economy. We'll tell you how to keep your sale and your future plans on track.

You're optimistic about the economy and so are we. Now the challenge is to convert business buyers who may have a more skeptical outlook.
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In a skittish economy, global positioning surveyors business sellers can access several strategies to receive fair market value from entrepreneurs who understand the value of a good business investment.

How to Skillfully Address Buyer Concerns

Buyers can present challenges, especially during the due diligence stage. The questions global positioning surveyors business ask during due diligence are designed to alleviate their concerns about the business and should be promptly addressed by the seller. Avoid answering buyer concerns with vague generalities. Instead, be as specific as possible, even if it means doing additional research before offering a response. Refer to the Letter of Intent to determine how to wrap up due diligence and move the buyer on to closing.

Selling Time

Hoping for a quick global positioning surveyors business sale? You may be disappointed. The amount of time your business will be on the market depends on how aggressively it is priced and marketed. Before you can list your global positioning surveyors business, you'll need to invest as much as a year in preparing it for prospective buyers. 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.

How Much Does It Cost to Sell a global positioning surveyors business?

The calculation of your asking price should include a buffer to cover the expense of the sale process. Good brokerage takes a 10% success fee off the top of the final sale price. Professional consultations can also represent a significant expense during the course of a global positioning surveyors business sale. If you need to compensate employees to assist with the sale, their services should also be considered.

More Exit Planning Articles

Given your interest in exit planning and in global positioning surveyors businesses, you might find these additional resources to be of interest.

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