December 3, 2020  
 
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Selling a Pet Breeders Business

Planning and execution can dramatically influence the price you receive for your pet breeders business.

The pet breeders business-for-sale marketplace is a nuanced environment, full of pitfalls for sellers who aren't prepared for its demands.
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But at Gaebler, we see pet breeders businesses still selling at a brisk pace. Like always, unprofitable and poorly positioned businesses struggle to find buyers while sellers who have invested time and effort to prepare their sale are being rewarded in the marketplace.

Maximizing Sales Price

There are no simple ways to sell a pet breeders business. If you don't know what you're doing, your business could languish on the market for months or even years. Fortunately, a business broker can minimize the impact on your bank account and personal well-being. If you try to sell your business without a broker, your time will be consumed by the details of the sale. Subsequently, you'll be distracted from the demands of your auto supply store, business will suffer, and the sale price you receive for your company will be dramatically reduced. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their pet breeders businesses.

Equipment and Inventory Concerns

It's incumbent on buyers to commission their own appraisal of your pet breeders business's physical assets. But you'll need to commission your own appraisal before you put your pet breeders 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. When you conduct your appraisal of your assets, note their condition and include it in the information packet you prepare for prospective buyers.

What About Market Conditions?

No one plans to sell a pet breeders business in a down economy. 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 pet breeders business as attractive as possible so to buyers right now.

More Exit Planning Articles

We think you may find these additional resources to be of interest.

Marketing a Pet Breeders Business

Pros and Cons of Using Business Brokers


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