Sell a Business for the Best Price
Selling a Pet Clothing and Accessories Retail Business
Despite the pessimistic mood of many sellers, your pet clothing and accessories retail business can be a high value acquisition target for ambitious entrepreneurs -- even in today's tough economy.
Today's pet clothing and accessories retail business buyers tend to be more skeptical than most about the nation's economic outlook.
The good news is that ambitious entrepreneurs continue to see pet clothing and accessories retail businesses as a smart business investment -- and the market is rewarding owners who are willing to invest time and energy in their sale.
The shortage in today's marketplace isn't interested buyers -- it's capital. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized pet clothing and accessories retail 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 pays to invest in first-rate legal counsel when you sell a pet clothing and accessories retail business. Tackling the legal nuances and tax ramifications of a sale without a first-rate business lawyer is an invitation for disaster. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.
Current Market Conditions
At first glance, today's market would seem to be a hostile place for pet clothing and accessories retail business sellers. Entrepreneurs and investors still exhibit healthy skepticism, despite initial indication that recovery has begun. 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. The simple truth is that the economy shouldn't dictate whether or not now is the right time to sell a pet clothing and accessories retail business. Your individual circumstances and personal goals are more influential factors in determining when it's time to put your business on the market.
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