September 24, 2020  
 
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Selling a Company

 

Selling a Quilt Manufacturer

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 quilt manufacturer, it's in your best interest to maximize the sales price through the application of proven sales techniques.

Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
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Armed with a deliberate selling strategy, sellers of quilt manufacturer are finding qualified buyers, even in today's tough market.

Legal Concerns

In a quilt manufacturer sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . If you are seeking buyer concessions, the time to address them is before the Letter of Intent is drafted. For sellers, that makes a close review of the Letter of Intent more than a formality - it's a critical juncture on the path to closing.

Laying the Groundwork

A successful quilt manufacturer sale begins with careful planning. Although you are convinced your business has value in the marketplace, the planning process establishes a framework for communicating its value to prospective buyers. In our experience, it pays to solicit the advice of a professional business broker as soon as possible. A good broker will guide you through the preparation stage and make sure you've covered all the bases. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium quilt manufacturer opportunity.

Seller Concessions

Seller concessions are becoming more commonplace in business-for-sale transactions. By far, seller financing is the most sought-after concession, especially in the current economic environment. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. Other common seller concessions include staying on the mentor the new owner, non-compete clauses, and working as a consultant to mitigate the impact of new ownership.

More Exit Planning Articles

Given your interest in exit planning and in quilt manufacturer, you might find these additional resources to be of interest.

Marketing a Quilt Manufacturer

How to Sell a Business

How Much Is My Business Worth?

Selling to Competitors


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