August 11, 2020  
 
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Selling a Party Favors Business

The decision to sell your party favors business isn't something that should be taken lightly, especially these days. If a business exit is on the horizon, you'll want to check out our suggestions for staying ahead of the market.

Selling a party favors business? You'll need to be prepared to address a variety of challenges that are common in the business-for-sale marketplace.
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Many business owners don't know that party favors businesses are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.

How to Choose a Business Broker

Good business brokers inevitably produce better business sales. During the selection process, look for brokers with a proven track record of successful party favors business sales. Take our word for it -- party favors businesses are unique businesses and you need a broker who understands how to properly market your party favors business to prospective buyers. As a practical matter, you'll also want to focus your search on brokers who have pre-existing relationships with attorneys, appraisers, and other professionals who can provide assistance at various stages of the process.

Preparing Your Party Favors Business for Sale

The outcome of a business sale is largely determined prior to a market listing. Profitable party favors business listings are the culmination of a preparation process that began months or even years ahead of time. Branding, market positioning, and revenue growth take time, but they directly influence the price your party favors business will command in the marketplace. It is especially helpful if your financial reports can demonstrate a multiyear growth trend for potential buyers.

When to End Negotiations

Negotiations have a way of dragging on forever. But sooner or later, someone needs to bring negotiations to a close. Unfortunately, that responsibility often falls on the seller. In a party favors business sale, a stalled negotiation can be an indication that the deal is dead. Since it can be difficult to tell whether the buyer is serious or playing games, it's important to know the lower boundaries of your negotiation strategy and be willing to walk away from the negotiation table, if necessary.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in party favors businesses, you might find these additional resources to be of interest.

Marketing a Party Favors Business

Entrepreneurial Exit Strategies


Conversation Board

Sometimes the best tips on selling a business come from other business owners. If you have any tips or advice on how to sell a party favors business, we invite you to submit your comments and suggestions.


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