November 24, 2020  
 
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Selling a Plumbing Contractors Referral and Information Services Business

Business sellers have diverse personal and professional goals for the sale of their companies. But no matter what you expect from the sale of your plumbing contractors referral and information services business, it's in your best interest to maximize the sales price through the application of proven sales techniques.

Most entrepreneurs have the skills and stamina to endure and prosper during the sale ofa plumbing contractors referral and information services business.
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But they're also savvy enough to know a good deal when they see it. Financial statements and ROI are essential in converting modern plumbing contractors referral and information services business prospects into buyers.

Selling a Plumbing Contractors Referral & Information Services Business to an Employee

Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. The time and expense of locating the right buyer will be nonexistent and you won't have to spend weeks showing the buyer every square inch of the company. But in many cases, employees expect to get a deal from their employer based on their years of service to the company. Most of the time, employees also expect owners to finance a large portion of the sale. So if you aren't willing to finance the sale or need to get top dollar for your plumbing contractors referral and information services business, a sale to an employee is probably not a possibility.

Broker vs. No Broker

Anyone who has ever sold a plumbing contractors referral and information services business has eventually needed to decide whether to use a business broker or go it alone. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your plumbing contractors referral and information services business much less painful. You can also expect to receive a higher sales price for your business in a broker-assisted deal.

Current Market Conditions

No one plans to sell a plumbing contractors referral and information services business in a down economy. Although the economy is gaining steam, recovery is slow and entrepreneurs are holding their cards close to their vests. But when the economy fully rebounds, a shadow inventory of plumbing contractors referral and information services businesses will flood the market and drive prices down even further. The simple truth is that the economy shouldn't dictate whether or not now is the right time to sell a plumbing contractors referral and information services business. Your individual circumstances and personal goals are more influential factors in determining when it's time to put your business on the market.

More Exit Planning Articles

Given your interest in exit planning and in plumbing contractors referral and information services businesses, you might find these additional resources to be of interest.

What Does a Business Broker Charge?

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