October 1, 2020  
 
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Selling a Company

 

Selling a Lapidary Equipment and Supplies Business

Few entrepreneurs relish the idea of selling a business in a struggling economy. Yet lapidary equipment and supplies businesses continue to be sold at a brisk pace, outperforming the sales of many other types of businesses.

It takes dedication to sell a lapidary equipment and supplies business under the best of circumstances. In the current market, you'll need to redouble your efforts and get serious about convincing prospects that your company is a good investment.
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Most lapidary equipment and supplies businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.

Leveraging External Resources

At some point, you're going to need help selling your lapidary equipment and supplies business. Although it's wise to recruit a business broker, brokerage isn't your only concern. Additionally, you may want to hire professionals for legal, valuation and other functions before you put your business on the market. The benefit of soliciting outside assistance early is that seemingly small decisions now can have big consequences later. By consulting professionals throughout the sale of your lapidary equipment and supplies business, you can avoid painful tax and legal complications both before and after closing.

Valuation Methods

Professional appraisers can use three methods to determine the value ofa lapidary equipment and supplies business: The income method, the asset method and the market method. While the income method uses anticipated revenues as a value basis, the asset method focuses on the company's capital, real estate and intellectual assets. Using recent lapidary equipment and supplies business sales as its foundation, the market method factors market conditions into the valuation process. A good appraiser will often use multiple valuation methods to arrive at a reasonable estimate. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.

Understanding Market Timing

Now may be the best time to sell a lapidary equipment and supplies business. With interest rates at all-time lows, it's easy to see why lapidary equipment and supplies businesses are an appealing investment opportunity for savvy investors. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. So we see market timing as a concern that can be easily mitigated by applying fundamental sales strategies and adequately preparing your company for buyers.

More Exit Planning Articles

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

Marketing a Lapidary Equipment and Supplies Business

How to Sell a Business

How To Choose An Investment Banker

Why Hire an Exit Planning Consultant


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What challenges have you experienced in selling a lapidary equipment and supplies business or are you just getting started? If you have questions or advice to share, we'd love to hear from you!


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