Exit Planning Tips
Selling a Holiday Decorations Wholesale and Manufacturers Business
The decision to sell your holiday decorations wholesale and manufacturers business isn't something that should be taken lightly, especially these days. If a business exit is on the horizon, you'll want to check out our suggestions for staying ahead of the market.
Are most buyers timid about buying a holiday decorations wholesale and manufacturers business in today's economic environment? You bet.
Success is a factor of preparation, execution and a keen eye for the market. Since your future goals depend on the outcome of your sale, you'll need to have your head in the game from Day One.
Advertising Your Sale
Profitable holiday decorations wholesale and manufacturers business sales incorporate comprehensive advertising plans. But if you think advertising your holiday decorations wholesale and manufacturers business will be the same as running a product promotion, think again. Multiple factors complicate business-for-sale advertising, not the least of which is the fact that you don't want your competition to know that your company is on the market. If sale information leaks out, competitors can use it to steal customers and circulate negative messages about your business throughout the industry. Business brokers are skilled at publicizing holiday decorations wholesale and manufacturers business sales while maintaining the confidentiality that is critical to your business.
Broker vs. No Broker
When selling a holiday decorations wholesale and manufacturers business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. 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 holiday decorations wholesale and manufacturers business much less painful. If you're on the fence, do your research before you make a final decision. BizBuySell.com and other websites offer detailed information about brokers and the process of performing a brokered holiday decorations wholesale and manufacturers business sale.
Selling to a Family Member
There is no easy way to sell a holiday decorations wholesale and manufacturers business, not even to a family member. Often, a sale to a family member creates fractures within the family. If you refuse to discount the sales price or offer other concessions, it could create a rift with the buyer. But if you give in to the buyer's demands, you risk alienating family members who may feel the buyer is receiving an early inheritance. Although it may seem odd, a sale to a family member can take longer than a sale to a stranger because it may take time to work through family issues prior to closing.
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