Sell a Business Tips
Selling a Safety Glass Business
Selling a safety glass business doesn't happen overnight. It takes a deliberate process to get top dollar for your company.
Are most buyers timid about buying a safety glass business in today's economic environment? You bet.
Eventually, it will the time will come to exit your business. As a consequence, you have a substantial stake in knowing how to receive maximum price for your safety glass business.
Advantages of Hiring a Broker
Brokers give safety glass business sellers distinct advantages in the marketplace. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.
When Is the Right Time to Sell?
When is it the right time to sell your safety glass business? If you're asking the question, now may be the time to put your business on the market. There are a lot of naysayers out there advising safety glass business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the safety glass business marketplace. The inventory of what we consider to be quality safety glass businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.
Family Business Sale Tips
There is no easy way to sell a safety glass business, not even to a family member. Often, a sale to a family member creates fractures within the family. Whether you offer the family member special concessions or not, either the buyer or other family members may take offense. If possible, discuss a long-term, generational transition with the entire family and seek the advice of a professional consultant.
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