Exit Planning Tips
Selling a Hair Dryers Business
Does the economy have you down? For exiting owners, the idea of listing their company now can be terrifying. Fortunately, a hair dryers business sale isn't as scary as it seems.
The hair dryers business-for-sale marketplace is a nuanced environment, full of pitfalls for sellers who aren't prepared for its demands.
Many business owners don't know that hair dryers businesses are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.
Sweetening the Deal
Seller concessions sweeten the deal for buyers and are a necessary fixture in a sluggish economy. Concessions can consist of non-cash as well as cash incentives. When you've reached your limit on price, consider offering non-cash concessions to encourage a commitment from the buyer. A limited amount of training and mentoring may seem inconsequential to you, but to a young hair dryers business owner, they can be critical launching points for their ownership journey.
Family Issues
You're ready to sell your hair dryers business, but is your family prepared for the transition? In many cases, we find that even though business owners are equipped to handle their ownership exit, their family members are having a hard time letting go of the business, especially if family life has revolved around the demands of the hair dryers business. The sale of the business will likely result in new family dynamics. Subsequently, selling a hair dryers business often begins with a family conversation and a mutual decision to move on the next stage of life.
Advantages of Hiring a Broker
Brokers give hair dryers business sellers distinct advantages in the marketplace. First-rate brokers are extremely skilled at communicating your company's strengths to prospective buyers. Even more, the best brokers have a track of record of discreetly identifying likely buyers and contacting them on your behalf. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.
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