September 24, 2020  
 
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Selling a Quilting Machines Business

Your quilting machines business has been good to you. Before you walk away, you have one more challenge to overcome: A successful and profitable business sale.

Most business sellers are interested in disposing of their businesses as quickly as possible. But that's not how a quilting machines business sale works.
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Undaunted by economic conditions, many quilting machines business sellers are achieving their sale goals through deliberate sale strategies.

Seller Financing

Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized quilting machines business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.

When Is the Right Time to Sell?

If you're feeling like your tenure as the owner of the quilting machines business is coming to an end, the time to sell is now. Some experts are telling quilting machines business owners to wait for a better economy to put their business on the market. But despite the negativity that exists in some sectors, if you have a desire to sell your quilting machines business now, there is a high probability that you can sell it in the current market. The inventory of what we consider to be quality quilting machines businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.

Maximizing Sales Price

There are no simple ways to sell a quilting machines business. If you don't know what you're doing, your business could languish on the market for months or even years. Fortunately, a business broker can minimize the impact on your bank account and personal well-being. Seller fatigue is a real concern - if your business sits on the market too long, you will be tempted to sell below your expectations. For a lot reasons, a decision to hire a broker is almost always the right decision, especially for sellers who need to receive top dollar for their quilting machines businesses.

More Exit Planning Articles

Given your interest in exit planning and in quilting machines businesses, you might find these additional resources to be of interest.

Marketing a Quilting Machines Business

Selling Part of a Business


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