Business Exit Planning
Selling a Maid and Butler Registries Business
We hear from a lot of business owners who are timid about listing their maid and butler registries business. Despite the mood of the market, we think there are still opportunities to receive a good price for your maid and butler registries business. Here's what you need to know . . .
Although we're optimistic about the economy, we also recognize that it takes the right strategy to sell a maid and butler registries business in today's market.
However, serious buyers also understand the value of a good maid and butler registries business. So for maid and butler registries business sellers, today's market is all about convincing buyers that the numbers make their companies worth the asking price.
Pros & Cons of a Sale to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. The time and expense of locating the right buyer will be nonexistent and you won't have to spend weeks showing the buyer every square inch of the company. Yet most employees lack the means to buy their employer's business at or near the asking price. Seller financing is one way to get around the capital deficit of an employee-based maid and butler registries business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.
When Is the Right Time to Sell?
Most business owners know when it's time to exit their company. Some experts are telling maid and butler registries business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the maid and butler registries business marketplace. With fewer maid and butler registries businesses on the market, there are ample opportunities for sellers to capture the attention of qualified buyers.
Signs You're in Over Your Head
Many maid and butler registries business are tempted to save brokerage fees by selling their businesses on their own. 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. When buyers fail to exhibit substantive interest, it could indicate unrealistic pricing or an inferior selling strategy. The remedy is professional brokerage or a consultation with more experienced sellers.
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