Business Exit Planning

Selling a Motorcycle Inspection Business

Maybe you're counting on your motorcycle inspection business to be a stepping stone to your next big business venture. Maybe it's your retirement fund. Either way, you need to maximize the price it gets in the business-for-sale marketplace.

In a down economy, many motorcycle inspection business sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of motorcycle inspection businesses that are actually for sale.

Most motorcycle inspection businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.

Preparing for What's Next

What will happen if your motorcycle inspection business is a success? If you aren't sure what's next, you could be in trouble because future plans and selling strategy are inextricably connected. We frequently encounter business sellers who haven't thought enough about their futures to know whether certain concessions (e.g seller financing) are a real possibility. As a result, they make bad decisions during the sale and experience less-than-optimal outcomes.

Equipment and Inventory Concerns

It's incumbent on buyers to commission their own appraisal of your motorcycle inspection business's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your motorcycle inspection business.

How to Increase Sale Price

There are no simple ways to sell a motorcycle inspection business. If you don't know what you're doing, your business could languish on the market for months or even years. Fortunately, a business broker can minimize the impact on your bank account and personal well-being. 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. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their motorcycle inspection businesses.

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