November 27, 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 Company

 

Selling a Sandblasting Equipment and Supplies Business

Your sandblasting equipment and supplies business is a tangible reminder of the passion and dedication you've invested in your entrepreneurial career. But the hard work isn't done yet. Before you can make a graceful exit, you will have to invest yourself in your business sale.

The buzz in the marketplace is that now isn't the right time to sell a sandblasting equipment and supplies business. Consequently, sellers are holding their businesses off the market until they are sure the market will sustain their asking prices.
(article continues below)

Yet what many sellers don't appreciate is that a down economy can present the perfect opportunity to sell a sandblasting equipment and supplies business.

Finding Sandblasting Equipment & Supplies Business Buyers

It's difficult to predict where the buyer of your sandblasting equipment and supplies business will come from. Avoid pigeon-holing your search to a single buyer category. That means listing your sandblasting equipment and supplies business in trade-specific directories as well as general business-for-sale databases. Networking is another useful tool in locating buyers. It might surprise you to learn how many sandblasting equipment and supplies business buyers emerge from conversations with peer groups, vendors, and business associations. In some cases, leads obtained through networking are preferred because they come with personal recommendations.

Family Issues

You're ready to sell your sandblasting equipment and supplies business, but is your family prepared for the transition? In many cases, we find that even though business owners are equipped to handle their ownership exit, their family members are having a hard time letting go of the business, especially if family life has revolved around the demands of the sandblasting equipment and supplies business. As a seller, you need to be sensitive to your family's feelings about the sale and make an effort to keep them informed about the process. Subsequently, selling a sandblasting equipment and supplies business has to include ample communication and shared decision-making.

Sale Documents

In a sandblasting equipment and supplies business sale, the Letter of Intent contains the vital elements of the deal between the buyer and the seller . The price described in the Letter of Intent may fluctuate based on information that is revealed during due diligence, but the inclusion of new requirements in the final contract could be a deal killer. So after consulting with your broker and attorney, make sure you're comfortable with the terms of the Letter of Intent. If not, everything you do to close the sale of your sandblasting equipment and supplies business may be a waste of time.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in sandblasting equipment and supplies businesses, you might find these additional resources to be of interest.

Marketing a Sandblasting Equipment and Supplies Business

Selling to Competitors


Conversation Board

What's your experience regarding how to sell a sandblasting equipment and supplies business? We love to receive feedback from the industry and welcome your comments and questions.


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

Do You Plan on Starting a Sandblasting Equipment & Supplies Business Soon?

If you plan on opening a sandblasting equipment and supplies business, these helpul resources may be just what you've been looking for:

How to Start a Sandblasting Equipment & Supplies Business

Looking for Sandblasting Equipment & Supplies Business Customers?

If you consider sandblasting equipment and supplies 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 Sandblasting Equipment and Supplies Businesses

Mailing Lists for Sandblasting Equipment and Supplies Businesses

More Business Transfer Information

If you are looking for exit plan advice for a different kind of business, please browse 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