September 27, 2020  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Resources for Entrepreneurs

 

Selling a Company

 

Selling a Photo Restoration, Preservation, and Supplies Business

The sale of a photo restoration, preservation, and supplies business can be a difficult and trying process. But with a few tips, you can keep your shirt and your sanity in the sale of your business.

You won't find any magic formulas for selling a photo restoration, preservation, and supplies business, especially while the market is struggling to overcome the perceptions created by a down economy.
(article continues below)

If your exit strategy involves selling a photo restoration, preservation, and supplies business these days, sellers need to make a strong case for buyers to purchase at or near the asking price.

Buyer Concessions

Sellers aren't the only ones who can make concessions in a business sale. In many instances, sellers can request buyer concessions. Although this scenario frequently plays out around seller financed deals, it's possible to push for a higher sales price or other form of compensation if you agree to mentor the buyer for a specified period of time. Asset exclusions, retained ownership shares and long-term contracts with another of the seller's companies can also be leveraged to extract concessions from buyers.

Laying the Groundwork

Effective photo restoration, preservation, and supplies business preparation focuses on communicating value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a photo restoration, preservation, and supplies business to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium photo restoration, preservation, and supplies business opportunity.

Advantages of Hiring a Broker

There are many reasons why hiring a broker makes sense in photo restoration, preservation, and supplies business sales. First-rate brokers are extremely skilled at communicating your company's strengths to prospective buyers. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.

More Exit Planning Articles

Ready to learn more? You may find these additional resources to be of interest.

Role of Location In Selling a Business

Marketing a Photo Restoration, Preservation, and Supplies Business

Selling Part of a Business


Conversation Board

What challenges have you experienced in selling a photo restoration, preservation, and supplies business or are you just getting started? If you have questions or advice to share, we'd love to hear from you!


Questions, Comments, Tips, and Advice  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

Do You Plan on Starting a Photo Restoration, Preservation, & Supplies Business Soon?

If starting a photo restoration, preservation, and supplies business is on your agenda, these helpul resources may be just what you've been looking for:

Opening a Photo Restoration, Preservation, & Supplies Business

Looking for Photo Restoration, Preservation, & Supplies Business Customers?

If you consider photo restoration, preservation, and supplies businesses to be sales prospects, this isn't the best resource for you on our site. Try these useful resources instead:

Selling to Photo Restoration, Preservation, and Supplies Businesses

Mailing Lists for Photo Restoration, Preservation, and Supplies Businesses

More Information on How to Sell a Niche Company

If you are looking for exit plan advice for a different kind of business, please browse our alphabetical list exit planning guides below.

Browse more niche exit planning guides:

 

 

 

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary