November 29, 2020  
 
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Selling a Masquerade and Novelty Masks Business

No one said selling your business in a depressed economy would be easy. But selling your masquerade and novelty masks business doesn't have to be as daunting as it sounds.

The masquerade and novelty masks business-for-sale marketplace is a nuanced environment, full of pitfalls for sellers who aren't prepared for its demands.
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A business sale is always a sophisticated transaction and if you aren't prepared for it, your masquerade and novelty masks business sale could have an unexpected outcome. To stay on course, you'll need sound strategy and meticulous execution on your side.

Should I Hire a Business Broker?

When selling a masquerade and novelty masks business, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Business brokers typically charge a 10% "success fee" when they sell a business, but they also handle many of the hassles that are associated with selling a masquerade and novelty masks business. You can also expect to receive a higher sales price for your business in a broker-assisted deal.

Why Confidentiality Matters

Highly publicized masquerade and novelty masks business sales are risky masquerade and novelty masks businesssales. A low-key selling strategy is a low risk activity because you can control who does (and doesn't) know that your business is on the market. Eventually, word will leak out. When that happens, it can damage your standing with customers and vendors. Successful sales walk a fine line between total confidentiality and aggressive promotion. We recommend consulting a business broker to learn how you can simultaneously identify prospective buyers and maintain a confidential sale environment.

Maintaining Objectivity

Objectivity is a rare commodity in a business sale. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. In our experience, the most successful sales are ones in which the seller has made an intentional effort to remain objective and set realistic expectations. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.

More Exit Planning Articles

Given your interest in exit planning and in masquerade and novelty masks businesses, you might find these additional resources to be of interest.

Marketing a Masquerade and Novelty Masks Business

Five Tips for Maximizing Your Business Sale Price

Pros and Cons of Using Business Brokers

Pre-Exit Employee Incentive Programs


Conversation Board

Sometimes the best tips on selling a business come from other business owners. If you have any tips or advice on how to sell a masquerade and novelty masks business, we invite you to submit your comments and suggestions.


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If starting a masquerade and novelty masks business is on your agenda, these guides will help you get started:

Starting a Masquerade & Novelty Masks Business

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