January 22, 2021  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Selling a Company

 

Selling a Jewelry Mountings Business

Is the economy still a little shaky for a business sale? Sure it is. Yet jewelry mountings businesses haven't heard the news and are reporting steady action on the business-for-sale market.

A business exit is always a trying experience. But when you need to sell your jewelry mountings business in a depressed economy, the challenges can seem insurmountable.
(article continues below)

Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to jewelry mountings businesses that exhibit strong financials and potential for future growth.

Sale Costs

You'll need to incorporate the cost of the sale into the calculation the minimum price you are willing to receive for your jewelry mountings business. Hiring a broker is a mixed bag because although brokers can increase the sale price, they also take a 10% fee. Professional consultations can also represent a significant expense during the course of a jewelry mountings business sale. If you need to compensate employees to assist with the sale, their services should also be considered.

Preparing Family Members

Many sellers embarked on their jewelry mountings business sale without adequately considering the impact it will have on their families. 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 jewelry mountings business. The sale of the business will likely result in new family dynamics. Subsequently, selling a jewelry mountings business should allow opportunities for all family members to share their feelings and offer input about the sale process.

Buyer Concessions

Sellers aren't the only ones who can make concessions in a business sale. In many instances, sellers can request buyer concessions. Often, buyer concessions represent financial incentives that the seller receives in exchange for providing a non-cash benefit (e.g. training, financing, etc.. Asset exclusions, retained ownership shares and long-term contracts with another of the seller's companies can also be leveraged to extract concessions from buyers.

More Exit Planning Articles

Ready to learn more? You may find these additional resources to be of interest.

Marketing a Jewelry Mountings Business

How to Sell a Business


Conversation Board

Looking for more information about how to sell a jewelry mountings business? Then we want to hear from you! Send us your comments and questions, and we'll do our best to help you.


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Hoping to Open a Jewelry Mountings Business?

If you plan on opening a jewelry mountings business, these guides will help you get started:

Starting a Jewelry Mountings Business

Do You Market Products or Services to Jewelry Mountings Businesses?

If you consider jewelry mountings businesses to be sales prospects, this isn't the best resource for you on our site. Try these useful resources instead:

Selling to Jewelry Mountings Businesses

Mailing Lists for Jewelry Mountings Businesses

More Business Transfer Information

If you are looking for exit plan advice for a different kind of business, please browse our alphabetical list exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary