January 24, 2021  
 
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 Modeling Agencies Business

Selling a modeling agencies business doesn't happen overnight. It takes a deliberate process to get top dollar for your company.

You need to get a good price for your modeling agencies business. To get there, you'll need to set realistic expectations and follow a deliberate selling strategy.
(article continues below)

Eventually, it will the time will come to exit your business. When that happens, your future plans will be dependent on your ability to receive the highest possible sale price for your modeling agencies business.

Broker vs. No Broker

Anyone who has ever sold a modeling agencies business has eventually needed to decide whether to use a business broker or go it alone. 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 modeling agencies business. You can also expect to receive a higher sales price for your business in a broker-assisted deal.

Business Valuation

Professional appraisers can use three methods to determine the value ofa modeling agencies business: The income method, the asset method and the market method. The income method determines value based on the amount of income the business is expected to generate. The asset method, on the other hand, is based on the value of tangible and non-tangible assets (e.g. brands and trademarks). Using recent modeling agencies business sales as its foundation, the market method factors market conditions into the valuation process. All three methods have multiple variations and it's not uncommon for appraisers to use a combination of the three to determine the value of your business. Sellers should take note of the fact that all three valuation methods reward businesses that takes steps to increase assets and income.

Average Timeframes

Hoping for a quick modeling agencies business sale? You may be disappointed. Although asking price and other factors contribute to sale time, it's difficult to predict how long your business will be on the market before you locate the right buyer. Before you can list your modeling agencies business, you'll need to invest as much as a year in preparing it for prospective buyers. Once your business is ready for the marketplace, it could take an additional six months to a year to locate the right buyer.

More Exit Planning Articles

Given your interest in exit planning and in modeling agencies businesses, you might find these additional resources to be of interest.

Marketing a Modeling Agencies Business

Why Hire an Exit Planning Consultant

Selling Part of a Business

Terms of Investment Banking Agreement


Conversation Board

The learning process for selling a modeling agencies business is an ongoing journey. Send us your comments and questions, and let's continue the conversation!


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

Hoping to Open a Modeling Agencies Business?

If you plan on opening a modeling agencies business, these guides will help you get started:

Starting a Modeling Agencies Business

Looking for Modeling Agencies Business Customers?

If you consider modeling agencies businesses to be sales prospects, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:

Selling to Modeling Agencies Businesses

Mailing Lists for Modeling Agencies Businesses

More Information on How to Sell a Niche Company

If you are eager to get business succession tips for a different industry, please browse 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