Sell a Business Tips
Selling a Scissor Sharpening Business
The business-for-sale marketplace has experienced no shortage of uncertainty over the past several years. But scissor sharpening businesses haven't heard the news and are reporting steady action on the business-for-sale market.
When the economy recovers, we expect to see a sudden influx of scissor sharpening businesses in the business-for-sale marketplace. Although these companies have been for sale, their owners have resisted listing them until a better economy materializes.
Most scissor sharpening services earn the bulk of their revenues by sharpening professional-grade stylist shears.
Does that mean selling your scissor sharpening business will be a piece of cake? No -- but you might be surprised to learn that the scissor sharpening businesses that are selling these days are finding success though simple, common sense selling strategies.
Realistic Expectations
For most owners, the hardest part of selling a scissor sharpening business is remaining objective. Your estimate of your company's worth is probably skewed by your emotions and your close, personal connection to the business. Although it may be a hard pill to swallow, you need to find a way to introduce objectivity into your sale. A business broker can be a valuable resource in right-sizing your expectations and preparing you for market realities.
Maximizing Sales Price
There are no simple ways to sell a scissor sharpening 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. Solo sellers usually find that it's simply too much to sell their business and lead it at the same time. Subsequently, they settle for less than the business's potential sale price. 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 scissor sharpening businesses.
Leveraging Seller Concessions
It's becoming more difficult to sell a scissor sharpening business without considering seller concessions. By far, seller financing is the most sought-after concession, especially in the current economic environment. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
Share this article
Additional Resources for Entrepreneurs