September 26, 2020  
 
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Selling a Professional and Amateur Sports Teams Business

When it's time to sell your professional and amateur sports teams business, your future plans depend on your ability to get the highest possible sales price. Here's how to do it . . .

You won't find any magic formulas for selling a professional and amateur sports teams business, especially while the market is struggling to overcome the perceptions created by a down economy.
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If you're looking for a reason to wait to put your business on the market, you'll find it. Selling a professional and amateur sports teams business isn't easy, but we believe sellers can achieve their goals in any economic environment.

Tips for Working with A Business Broker

Many sellers employ business brokers to manage the details and direction of their sale. It's typical for professional and amateur sports teams business to rely on brokers to reduce market time and increase the final sales price. However, your broker will still expect you to materially participate in the sale of your business. Successfully brokered sales are based on solid relationships between brokers and sellers as well as the strict execution of a common selling strategy.

Advertising Your Sale

Profitable professional and amateur sports teams business sales incorporate comprehensive advertising plans. However, confidentiality and other concerns can present challenges, even for sales professionals. If sale information leaks out, competitors can use it to steal customers and circulate negative messages about your business throughout the industry. Business brokers are skilled at publicizing professional and amateur sports teams business sales while maintaining the confidentiality that is critical to your business.

Finding Professional & Amateur Sports Teams Business Buyers

Qualified professional and amateur sports teams business buyers come from a range of sources and backgrounds. Avoid pigeon-holing your search to a single buyer category. Although it's helpful to target promotional tactics to likely buyers, allow for some exposure to the broader market. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.

More Exit Planning Articles

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

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Renewing Leases Prior to Selling a Business


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