Business Exit Planning
Selling a Moving Boxes Business
Selling a moving boxes business doesn't happen overnight. It takes a deliberate process to get top dollar for your company.
Selling a moving boxes business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
Too often moving boxes business sellers cave under the pressure and settle for a lower sales price than they should. Smart sellers know the value of their companies are prepared to identify buyers who are willing to pay top dollar.
How to Choose a Business Broker
Good business brokers inevitably produce better business sales. In the moving boxes business industry, experience is a must-have characteristic for qualified brokerage. The chemistry you have with your broker is a consideration. If you don't connect with a specific broker, move on to someone else - even if the first broker looks great on paper.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your moving boxes business's physical assets. But you'll need to commission your own appraisal before you put your moving boxes business on the market to arm yourself with information for the negotiation phase. 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 moving boxes business.
It's rarely possible to sell a moving boxes business in a month or two. 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. On average, it takes a minimum of six months to prepare a moving boxes business for sale and many sellers spend a year or more positioning their business to command a higher price. Even though it's conceivable that an attractive opportunity could sell in weeks, an immediate flood of offers could indicate that the business is underpriced.
Have Friends Who Might Like This Article?
Let them know on LinkedIn
Ready to Learn More? We Think You Might Like These Articles:
Additional Resources for Entrepreneurs