June 6, 2020  
 
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Selling a Company

 

Selling a Motorcycle and Motor Scooter Rental Business

Think motorcycle and motor scooter rental business sales have dwindled to a standstill? Think again. There aren't any guarantees, but if you adhere to fundamental business sale concepts, you can likely get a good price for your business.

Despite your best intentions, great business sales don't happen overnight.
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Despite the conventional wisdom, we believe current economic conditions are right for selling a motorcycle and motor scooter rental business. We'll tell you what you need to know to achieve a successful sale outcome

Preparing Family Members

Many sellers embarked on their motorcycle and motor scooter rental business sale without adequately considering the impact it will have on their families. Unfortunately, families often experience turmoil during a sale even when the primary owner is convinced it's the right decision. The sale of the business will likely result in new family dynamics. The decision to sell a motorcycle and motor scooter rental business often begins with a family conversation and a mutual decision to move on the next stage of life.

Workforce Concerns

Business sellers walk a fine line when it comes to preparing their employees for a sale. The more people who know that the business is on the market, the riskier the sale becomes. However, the longer the selling process drags on, the more likely it is that rumors will begin to circulate throughout your workforce. So at some point you will have to resign yourself to the idea of telling some or all of your employees that you have listed the motorcycle and motor scooter rental business on the market. Maintain a positive tone in your conversations and answer your employees questions as completely as you can without jeopardizing the sale.

How to Increase Sale Price

There are no simple ways to sell a motorcycle and motor scooter rental business. If you don't know what you're doing, your business could languish on the market for months or even years. A business broker handles much of the legwork involved in the sale. Seller fatigue is a real concern - if your business sits on the market too long, you will be tempted to sell below your expectations. Time after time, sellers who hire qualified brokers are more satisfied with the sales process - and the price they receive for their motorcycle and motor scooter rental businesses.

More Exit Planning Articles

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

Marketing a Motorcycle and Motor Scooter Rental Business

Renewing Leases Prior to Selling a Business

Five Tips for Maximizing Your Business Sale Price

How Much Is My Business Worth?


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Selling a motorcycle and motor scooter rental business is a complex topic, so there's still much more that can be discussed. We welcome your questions, comments and feedback about this topic.


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