May 28, 2020  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Selling a Company

 

Selling a Gymnasium and Track Flooring Business

You've invested time, effort, and creativity into building your gymnasium and track flooring business. But the hard work isn't done yet. Before you can make a graceful exit, you will have to invest yourself in your business sale.

Dire economic forecasts have forced many gymnasium and track flooring business sellers into hibernation. Instead of listing their companies now, they're hanging back until they see signs of an economic recovery.
(article continues below)

The economy hasn't squashed the market for gymnasium and track flooring businesses. Like always, unprofitable and poorly positioned businesses struggle to find buyers while sellers who have invested time and effort to prepare their sale are being rewarded in the marketplace.

Working with Appraisers

There is no substitute for a qualified appraisal in the sale of your gymnasium and track flooring business. By hiring an appraiser to conduct a thorough appraisal of tangible and non-tangible assets prior to listing, you get a measure of the true worth of your business. Although the appraised value of your business may not be the same as the sales price, you gain valuable insight that can be used to your advantage during negotiations. Even though you may disagree with the appraiser's value estimates, it's important to give your appraiser the information and independence he needs to present an objective opinion. To ensure accuracy, ask your broker to provide references for appraisers with industry experience.

Sweetening the Deal

Like it or not, prospective buyers are going to ask you to make certain concessions in the sale of your gymnasium and track flooring business. Concessions can consist of non-cash as well as cash incentives. It's not unusual for sellers to offer non-cash incentives to help inexperienced entrepreneurs get off to a successful start. If you aren't familiar with typical gymnasium and track flooring business concessions, consult with a professional to learn how you can build incentives into your deal.

Finding Prospects

Many sellers don't realize how many prospective buyers there are for their businesses. We frequently see qualified buyers emerge from the seller's network of business and personal acquaintances. In other cases, sellers take a proactive approach to finding likely buyers and contacting them directly. If possible, steer clear of selling to a competitor if for no other reason than the fact that competitors pay less for gymnasium and track flooring businesses than other buyers.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in gymnasium and track flooring businesses, you might find these additional resources to be of interest.

Pros and Cons of Using Business Brokers

Marketing a Gymnasium and Track Flooring Business

Renewing Leases Prior to Selling a Business


Conversation Board

What's your experience regarding how to sell a gymnasium and track flooring business? We love to receive feedback from the industry and welcome your comments and questions.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Do You Plan on Starting a Gymnasium & Track Flooring Business Soon?

If starting a gymnasium and track flooring business is on your agenda, these guides will help you get started:

Starting a Gymnasium & Track Flooring Business

Looking for Gymnasium & Track Flooring Business Customers?

If you want information on how to sell to gymnasium and track flooring businesses, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:

Selling to Gymnasium and Track Flooring Businesses

Mailing Lists for Gymnasium and Track Flooring Businesses

More Exit Planning Information

If you are looking for exit plan advice for a different kind of business, please browse our directory of exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary