November 29, 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 Business

 

Selling a Radiator Covers and Enclosures Business

You've heard the naysayers - now isn't the time to sell a radiator covers and enclosures business. But what they don't know is that many entrepreneurs see radiator covers and enclosures businesses as a smart business investment.

Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.
(article continues below)

Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a radiator covers and enclosures business.

Sale Costs

You'll need to incorporate the cost of the sale into the calculation the minimum price you are willing to receive for your radiator covers and enclosures business. Good brokerage takes a 10% success fee off the top of the final sale price. Professional consultations can also represent a significant expense during the course of a radiator covers and enclosures business sale. Likewise, you'll need to consider how much it will cost to promote the sale as well as the lost time it will take for you and your team to navigate the sale process.

Understanding Market Timing

Timing is everything when it comes to selling a radiator covers and enclosures business. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on radiator covers and enclosures businesses. Sooner or later, rates will rise, increasing the risk for prospective buyers of radiator covers and enclosures businesses. Market conditions can be intimidating. But your larger concern should be whether or not your business is ready to be presented to qualified sale prospects.

Pros & Cons of a Sale to an Employee

Employee sales have pros and cons. A key employee may seem like a natural sales prospect. If you need to sell quickly, the timeframe is condensed in an employee sale because you don't need to track down a buyer. However, some employees feel they are entitled to special treatment and pricing, especially if they have played a key role in the company's success. Seller financing is one way to get around the capital deficit of an employee-based radiator covers and enclosures business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.

More Info on Business Transitions and Related Articles

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

Marketing a Radiator Covers and Enclosures Business

Terms of Investment Banking Agreement

How Much Is My Business Worth?

How to Sell a Business


Conversation Board

Sometimes the best tips on selling a business come from other business owners. If you have any tips or advice on how to sell a radiator covers and enclosures business, we invite you to submit your comments and suggestions.


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

Hoping to Open a Radiator Covers & Enclosures Business?

If starting a radiator covers and enclosures business is on your agenda, these helpul resources may be just what you've been looking for:

Opening a Radiator Covers & Enclosures Business

Looking for Radiator Covers & Enclosures Business Customers?

If you consider radiator covers and enclosures businesses to be sales prospects, this isn't the best resource for you on our site. These helpful guides are more appropriate for you:

Selling to Radiator Covers and Enclosures Businesses

Mailing Lists for Radiator Covers and Enclosures Businesses

More Business-for-Sale Advice and Information

If you are looking for exit plan advice for a different kind of business, try our directory of 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