Mastering Niche Market Exit Planning
Selling a Non Ceramic Tile Contractors and Dealers Business
You've learned a lot during your tenure as a non ceramic tile contractors and dealers business owner. The next step is to position your business for the demands of the business-for-sale marketplace.
Most business sellers are interested in disposing of their businesses as quickly as possible. But that's not how a non ceramic tile contractors and dealers business sale works.
Market timing is a constantly moving target. Knowledgeable entrepreneurs understand that market timing isn't nearly as important as other factors in a non ceramic tile contractors and dealers business sale. To improve sale outcomes, you will simply need to tailor your non ceramic tile contractors and dealers business to today's buyers.
When Is the Right Time to Sell?
When is it the right time to sell your non ceramic tile contractors and dealers business? If you're asking the question, now may be the time to put your business on the market. There are a lot of naysayers out there advising non ceramic tile contractors and dealers business sellers (or would-be sellers) to take a wait and see approach. At Gaebler, we have a much more optimistic view of your chances in the non ceramic tile contractors and dealers business-for-sale market. With fewer non ceramic tile contractors and dealers businesses on the market, there are ample opportunities for sellers to capture the attention of qualified buyers.
Seller concessions sweeten the deal for buyers and are a necessary fixture in a sluggish economy. Concessions can consist of non-cash as well as cash incentives. It's not unusual for sellers to offer non-cash incentives to help inexperienced entrepreneurs get off to a successful start. A limited amount of training and mentoring may seem inconsequential to you, but to a young non ceramic tile contractors and dealers business owner, they can be critical launching points for their ownership journey.
Handling Unexpected Outcomes
If you're smart, you entered your non ceramic tile contractors and dealers business with a set of assumptions about what it would achieve. But it's highly unlikely that the sale will meet all of your expectations, especially if your initial estimates were created without the benefit of a solid appraisal or market knowledge. Despite your best efforts, you need to prepare yourself for the possibility of receiving less than you expected from the sale of your non ceramic tile contractors and dealers business. If price is the most important outcome, you may need to agree to seller financing or other concessions. If a fast sale is the highest priority, you may need to lower the asking price to quickly capture the attention of the marketplace.
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