Exit Planning Tips
Selling a Human Resource Consultants Employment Agencies Business
No one said selling your business in a depressed economy would be easy. Fortunately, a human resource consultants employment agencies business sale isn't as scary as it seems.
Market timing is a perennial problem for business sellers.
Many business owners don't know that human resource consultants employment agencies businesses are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.
Average Preparation Time
There are no effective shortcuts for selling a human resource consultants employment agencies business. Since buyers prefer to see evidence of future cash flow, you'll want to to strategically lock in cash flows and increase profits before you list the business. Next, the business will need to be documented in professional financial statements and manuals that facilitate the ownership transition. Unless you have already started planning for your human resource consultants employment agencies business sale, it's going to take at least six months to prepare your business. If you can afford to wait, we recommend investing a few years in improving your business's financial position before you put it on the market.
Signs You're in Over Your Head
The human resource consultants employment agencies business-for-sale marketplace is a mixed bag of brokered sales and solo efforts. Although there are exceptions, solo sales typically take longer and are less productive than brokered sales. As a rule, no business should sit on the market for more than six months without attracting the interest of at least a handful of qualified buyers. Lack of buyer enthusiasm or persistence indicates that something is wrong. The remedy is professional brokerage or a consultation with more experienced sellers.
Capital is hard to come by these days. Thanks to more stringent commercial lending requirements, sellers have become de facto lenders, providing the financing buyers need to get their feet in the door. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
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