Business Exit Planning
Selling a Motorcycle Riding and Safety Instruction Business
The sale of your motorcycle riding and safety instruction business is the culmination of this stage of your entrepreneurial journey. Although most business owners expect a storybook ending, it will take the careful application of sound selling principles to bring your sale to a successful conclusion.
The process of selling a motorcycle riding and safety instruction business can be one of the most stressful experiences of your entrepreneurial career.
Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a motorcycle riding and safety instruction business.
Selling a Motorcycle Riding & Safety Instruction Business to an Employee
Employee sales have pros and cons. There are some perks to selling the business in-house. Since the worker already knows the ins and outs of the business, due diligence should be a breeze, not to mention the fact that you won't have to wait months or years for the right buyer to emerge on the open marketplace. Yet most employees lack the means to buy their employer's business at or near the asking price. Seller financing is one way to get around the capital deficit of an employee-based motorcycle riding and safety instruction business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.
Selecting a Broker
Good business brokers inevitably produce better business sales. During the selection process, look for brokers with a proven track record of successful motorcycle riding and safety instruction business sales. Take our word for it -- motorcycle riding and safety instruction businesses are unique businesses and you need a broker who understands how to properly market your motorcycle riding and safety instruction business to prospective buyers. The best brokers should also come with a list of references, a demonstrable track record and a proven plan for selling motorcycle riding and safety instruction businesses.
Realistic Expectations
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. Although it may be a hard pill to swallow, you need to find a way to introduce objectivity into your sale. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.
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