Sell a Business for the Best Price
Selling a Pager and Beeper Repair Business
There are no guarantees when you sell a pager and beeper repair business. But our tips will equip you with the information you need to increase the likelihood of a successful sales outcome.
Business buyers are a timid lot, even more so now that they are facing an uncertain economic landscape.
Undaunted by economic conditions, many pager and beeper repair business sellers are achieving their sale goals through deliberate sale strategies.
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized pager and beeper repair business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. It's common for sellers to finance as much as 70% of the purchase price with a payoff period of four or five years, sometimes in the form of a balloon payment at the end of the repayment period.
It's obvious that you're going to need to hire an attorney to finalize the sale of your pager and beeper repair business. A good lawyer serves a variety of functions during the process. In addition to reviewing the letter of intent, sales contract, and other documents, your attorney should be capable of advising you about due diligence and the tax consequences of the sale. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.
Current Market Conditions
Today's pager and beeper repair business sellers face an intimidating economic landscape. Although the economy is gaining steam, recovery is slow and entrepreneurs are holding their cards close to their vests. However, many business sellers don't realize that a full economic rebound can have devastating consequences, particularly if sellers who have waited to list their businesses suddenly create a glut in the business-for-sale marketplace. So what's our point? The economy isn't the most important factor in the sale of your business. Instead, you should be focusing on making your pager and beeper repair business as attractive as possible so to buyers right now.
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