September 26, 2020  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Selling a Company

 

Selling a Meat Choppers and Grinders Business

We hear from a lot of business owners who are timid about listing their meat choppers and grinders business. Despite the mood of the market, we think there are still opportunities to receive a good price for your meat choppers and grinders business. Here's what you need to know . . .

The buzz in the marketplace is that now isn't the right time to sell a meat choppers and grinders business. Consequently, sellers are holding their businesses off the market until they are sure the market will sustain their asking prices.
(article continues below)

They require careful planning and an intentional strategy that emphasizes your meat choppers and grinders business's strengths and meets the needs of the marketplace. As a business seller, you need to go into the process with the mental goal of presenting your business in the best possible light.

The Case for Confidentiality

Highly publicized meat choppers and grinders business sales are risky meat choppers and grinders 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. Although it can be difficult, it's important to strike a balance between confidentiality and sale promotion. We recommend consulting a business broker to learn how you can simultaneously identify prospective buyers and maintain a confidential sale environment.

Advantages of Hiring a Broker

A good broker can offer several benefits to business sellers. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.

Average Preparation Time

There are no effective shortcuts for selling a meat choppers and grinders business. Since buyers prefer to see evidence of future cash flow, you'll want to to strategically lock in cash flows and increase profits before you list the business. Next, the business will need to be documented in professional financial statements and manuals that facilitate the ownership transition. Since all of this takes time and effort, a meat choppers and grinders business can rarely be ready for the marketplace in less than six months. A more likely scenario is that it will take more than a year to create the conditions necessary to receive the maximum sale price.

More Exit Planning Articles

We think you may find these additional resources to be of interest.

Marketing a Meat Choppers and Grinders Business

Five Tips for Maximizing Your Business Sale Price

Selling Part of a Business

Role of Location In Selling a Business


Conversation Board

Is there something we missed regarding how to sell a meat choppers and grinders business? We're always interested in hear your feedback, tips, and questions!


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Do You Plan on Starting a Meat Choppers & Grinders Business Soon?

If starting a meat choppers and grinders business is on your agenda, these helpul resources may be just what you've been looking for:

How to Start a Meat Choppers & Grinders Business

Do You Market Products or Services to Meat Choppers & Grinders Businesses?

If you want information on how to sell to meat choppers and grinders businesses, there's more applicable information for you elsewhere on our site. These helpful guides are more appropriate for you:

Selling to Meat Choppers and Grinders Businesses

Mailing Lists for Meat Choppers and Grinders Businesses

More Business-for-Sale Advice and Information

If you are eager to get business succession tips for a different industry, try our directory of exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary