Sell a Company Niche Market Guides
Selling a Lawn Mowers Sharpening and Repair Business
In any market, there are sellers and then there are serious sellers. We'll give you the tools you need to be taken seriously when you decide to sell your lawn mowers sharpening and repair business.
If you plan on selling your lawn mowers sharpening and repair business quickly, prepare to be disappointed.
If your exit strategy involves selling a lawn mowers sharpening and repair business now, sellers need to make a strong case for buyers to purchase at or near the asking price.
Business Valuation
Professional appraisers can use three methods to determine the value ofa lawn mowers sharpening and repair 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 lawn mowers sharpening and repair business sales as its foundation, the market method factors market conditions into the valuation process. As a safeguard, consider conducting appraisals using variations of multiple appraisal methods. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.
Maintaining Objectivity
Objectivity is a rare commodity in a business sale. You have invested yourself in making your lawn mowers sharpening and repair business the success it is today, but in the eyes of prospective buyers, your operation is only worth fair market value. Although it may be a hard pill to swallow, you need to find a way to introduce objectivity into your sale. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.
Hiring an Attorney
There is no way around the requirement to hire professional legal assistance when you sell your lawn mowers sharpening and repair business. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.
Share this article
Additional Resources for Entrepreneurs