Business Exit Planning
Selling a Marine Shells Business
Don't believe anyone who tells you it's easy to sell a marine shells business. A lot of things need to happen before you can successfully exit your business. Good advice can be hard to come by, so we've put together a few proven suggestions to help you see your sale through to a profitable conclusion.
Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to marine shells businesses that exhibit strong financials and potential for future growth.
Valuation Methods
Multiple valuation methods exist for a marine shells business. 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. In many sales, the most accurate valuation comes from the market method which determines value based on the recent sales of similar businesses. 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.
Emotional Considerations
Prepare yourself to feel a broad range of emotions when you sell a marine shells business. From hopefulness to remorse, it's all part of exiting of your company. Many sellers experience discouragement during a long sale process. Accurate expectations, a solid strategy and a strong support system can be valuable resources for coping with the personal impact of the sale.
Working with a Professional Accountant
Accountants lay the financial groundwork for a business sale. Most marine shells business have significant tax consequences requiring the input of a qualified accountant. Brokers often advise their clients to have an accountant perform an audit of the business prior to sale. With seller financing becoming common, professional accountants are playing a more central role in negotiations and buyer qualification.
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