September 20, 2020  
 
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Selling a Monorails Business

We hear it all the time: "This economy is a hostile environment for a business sale." However, monorails businesses continue to sell at a brisk pace, regardless of the economy.

The monorails business-for-sale marketplace is a nuanced environment, full of pitfalls for sellers who aren't prepared for its demands.
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Fortunately for sellers, forward-thinking entrepreneurs continue to be attracted to monorails businesses that exhibit strong financials and potential for future growth.

Valuation Methods

Professional appraisers can use three methods to determine the value ofa monorails business: The income method, the asset method and the market method. Appraisals based on the asset method gauge value as a factor of the company's real property and non-tangible assets; appraisals based on the income method consider the business's anticipated revenue. 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.

How to Increase Sale Price

There are no simple ways to sell a monorails business. If you don't know what you're doing, your business could languish on the market for months or even years. Many sellers find that hiring a business broker makes the demands of a sale much more tolerable. If you try to sell your business without a broker, your time will be consumed by the details of the sale. Subsequently, you'll be distracted from the demands of your auto supply store, business will suffer, and the sale price you receive for your company will be dramatically reduced. So what's the lesson? In most cases, hiring a business broker is one of the best things you can do to maximize sales price.

Finding Prospects

Still looking for prospective buyers for your business? You probably already know several parties with an interest in acquiring your company. We frequently see qualified buyers emerge from the seller's network of business and personal acquaintances. In other cases, sellers take a proactive approach to finding likely buyers and contacting them directly. Competitors may seem like natural prospects and they are. The downside is that they won't pay top dollar and will probably absorb your company into their own.

More Info on Business Transitions and Related Articles

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

Marketing a Monorails Business

How to Sell a Business

Renewing Leases Prior to Selling a Business

Terms of Investment Banking Agreement


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