November 24, 2020  
 
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Selling a Business

 

Selling a Roller Skating Rink

Is the economy still a little shaky for a business sale? Sure it is. Yet roller skating rinks haven't heard the news and are reporting steady action on the business-for-sale market.

Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
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If you're ready to move on, now is the right time to sell your roller skating rink.

How to Choose a Business Broker

Good business brokers inevitably produce better business sales. In the roller skating rink industry, experience is a must-have characteristic for qualified brokerage. As a practical matter, you'll also want to focus your search on brokers who have pre-existing relationships with attorneys, appraisers, and other professionals who can provide assistance at various stages of the process.

Sweetening the Deal

Today's roller skating rink buyers expect sellers to offer concessions to persuade them to close the deal. But don't limit your view of concessions to financial incentives. When you've reached your limit on price, consider offering non-cash concessions to encourage a commitment from the buyer. In the current economy, seller financing is becoming common in roller skating rink sales. If the prospect is inexperienced or lacks credentials in the industry, you can also offer to stay with the business for a specified period of time to help the new owner get on his feet and introduce him to your network of industry contacts.

Dealing with Your Emotions

Business sellers sometimes struggle to handle the emotions of a sale. You probably have good reasons for selling your roller skating rink now, but that doesn't make the emotions you will experience any easier. It's important to allow yourself time to process your emotions during your exit. At the same time, it's helpful to consult with people who can help limit the influence of your emotions on negotiations and other aspects of the sale process.

More Exit Planning Articles

Given your interest in exit planning and in roller skating rinks, you might find these additional resources to be of interest.

Marketing a Roller Skating Rink

Role of Location In Selling a Business

Pre-Exit Employee Incentive Programs

Selling Part of a Business


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We always appreciate feedback from our readers. If you have any comments, suggestions, or questions about how to sell a roller skating rink, we encourage you to get in touch with us today!


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