Exit Planning Tips
Selling a Helicopter Tours Business
It's a misconception that no one is buying helicopter tours businesses these days. Savvy entrepreneurs see helicopter tours business opportunities as a path to short-term profits and long-term growth. There aren't any guarantees, but if you adhere to fundamental business sale concepts, you can likely get a good price for your business.
We're seeing a high volume of shadow inventory in the business-for-sale market.
If you're ready to move on, now is the right time to sell your helicopter tours business.
Moving On
So you've decided to sell your helicopter tours business. That's great -- but have you considered what's next? Are you moving on to another business venture? Are you retiring? many sellers find themselves ill-equipped to handle life after their business and fail to understand that their future plans can influence the sale process. In today's market, many buyers expect seller financing - a concession that might not be a possibility for sellers whose next step requires the entire proceeds at the time of the sale.
Finding Helicopter Tours Business Buyers
It's difficult to predict where the buyer of your helicopter tours business will come from. Avoid pigeon-holing your search to a single buyer category. Although it's helpful to target promotional tactics to likely buyers, allow for some exposure to the broader market. Networking is another useful tool in locating buyers. It might surprise you to learn how many helicopter tours business buyers emerge from conversations with peer groups, vendors, and business associations. In some cases, leads obtained through networking are preferred because they come with personal recommendations.
Broker vs. No Broker
The decision of whether or not to hire a business broker should never be taken lightly. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your helicopter tours business much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.
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