Sell a Business for the Best Price
Selling a Personnel Consultants and Services Business
No one said selling your business in a depressed economy would be easy. Fortunately, a personnel consultants and services business sale isn't as scary as it seems.
Most entrepreneurs have the skills and stamina to endure and prosper during the sale ofa personnel consultants and services business.
You'll always have an excuse for not putting your business on the market. Selling a personnel consultants and services business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Timing Your personnel consultants and services business Sale
If you're feeling like your tenure as the owner of the personnel consultants and services business is coming to an end, the time to sell is now. Some experts are telling personnel consultants and services business sellers (or would-be sellers) to take a wait and see approach. We aren't nearly as pessimistic about the personnel consultants and services business marketplace. The inventory of what we consider to be quality personnel consultants and services businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized personnel consultants and services business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.
How Much Does It Cost to Sell a personnel consultants and services business?
In a personnel consultants and services business sale, pricing is based on a number of factors, including the costs incurred during the sale. Good brokerage takes a 10% success fee off the top of the final sale price. Attorneys, accountants and appraisers work for a flat fee that can range from hundreds to thousands of dollars. Likewise, you'll need to consider how much it will cost to promote the sale as well as the lost time it will take for you and your team to navigate the sale process.
Share this article
Additional Resources for Entrepreneurs