January 25, 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 Business

 

Selling a Kitchen Cabinet Refacing and Refinishing Business

No one said selling your business in a depressed economy would be easy. But selling your kitchen cabinet refacing and refinishing business doesn't have to be as daunting as it sounds.

Today's kitchen cabinet refacing and refinishing business buyers tend to be more skeptical than most about the nation's economic outlook.
(article continues below)

In our opinion, that kind of thinking doesn't make sense. In fact, this might be the perfect time to sell a kitchen cabinet refacing and refinishing business. With the right information and strategy, you could be well on your way to a successful sale

Realistic Expectations

For most owners, the hardest part of selling a kitchen cabinet refacing and refinishing business is remaining objective. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. It is difficult for many owners to accept the cold, hard facts about their company's worth, but objectivity is the name of the game in a successful kitchen cabinet refacing and refinishing business sale. Consider recruiting a team of objective professionals to help manage your expectations as you prepare and negotiate the sale of your business.

Why Confidentiality Matters

Highly publicized kitchen cabinet refacing and refinishing business sales are risky kitchen cabinet refacing and refinishing businesssales. If you are rigorous about maintaining a confidential sale, there is little risk in putting your kitchen cabinet refacing and refinishing business 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.

Adjusting Expectations

If you're smart, you entered your kitchen cabinet refacing and refinishing business with a set of assumptions about what it would achieve. However, no one told the marketplace about your expectations. The outcome of your sale will be determined by market forces - not by your personal circumstances or desires. Despite your best efforts, you need to prepare yourself for the possibility of receiving less than you expected from the sale of your kitchen cabinet refacing and refinishing business. In the event that the sale fails to meet your expectations, you may want to consider taking the business off the market until you can grow it enough to achieve your desired sale price.

More Exit Planning Articles

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

Terms of Investment Banking Agreement

Marketing a Kitchen Cabinet Refacing and Refinishing Business

How to Sell a Business


Conversation Board

Interested in learning more about how to sell a kitchen cabinet refacing and refinishing business? We invite you to send us your questions and feedback!


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 Kitchen Cabinet Refacing & Refinishing Business?

If starting a kitchen cabinet refacing and refinishing business is on your agenda, these helpul resources may be just what you've been looking for:

Starting a Kitchen Cabinet Refacing & Refinishing Business

Looking for Kitchen Cabinet Refacing & Refinishing Business Customers?

If you consider kitchen cabinet refacing and refinishing businesses to be sales prospects, there's more applicable information for you elsewhere on our site. These helpful guides are more appropriate for you:

Selling to Kitchen Cabinet Refacing and Refinishing Businesses

Mailing Lists for Kitchen Cabinet Refacing and Refinishing Businesses

More Guides on Selling a Business

If you are looking for exit plan advice for a different kind of business, please browse our list of 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