Resources for Entrepreneurs

Exit Planning Tips

Selling a Hot Rod Dealers Business

At first glance, an unstable economy would seem to be an unfriendly atmosphere for a hot rod dealers business sale. At Gaebler, we think it's a great time to sell a hot rod dealers business. Here's why . . ..

These days, the prospect of selling a hot rod dealers business is so daunting that many would-be sellers are biding their time, waiting for a break in the economic clouds.

If you're ready to move on, now is the right time to sell your hot rod dealers business.

The Case for Confidentiality

Highly publicized hot rod dealers business sales are risky hot rod dealers businesssales. A low-key selling strategy is a low risk activity because you can control who does (and doesn't) know that your business is on the market. When and if your sale becomes public knowledge, competitors can use that information to weaken your position in the marketplace. Although it can be difficult, it's important to strike a balance between confidentiality and sale promotion. We recommend consulting a business broker to learn how you can simultaneously identify prospective buyers and maintain a confidential sale environment.

How to Choose a Business Broker

A good business broker is your best bet for a fast and profitable business sale. In the hot rod dealers business industry, experience is a must-have characteristic for qualified brokerage. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling hot rod dealers businesses.

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 you aren't generating interest in the general marketplace, consider approaching companies that sell complementary products or are closely situated in your supply chain.

Have Friends Who Might Like This Article?

Tweet via @gaeblerdotcom Share this on Twitter

Let them know on LinkedIn

Ready to Learn More? We Think You Might Like These Articles:


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary