Sell a Business Tips
Selling a Seismograph Services Business
Economic uncertainty influences the timing of many seismograph services business sales. But based on what we're seeing in the business-for-sale marketplace, we don't think economic conditions should deter you from putting your seismograph services business on the market.
The economy isn't the only thing that is uncertain these days. So are seismograph services business buyers, many of whom are waiting to pull the trigger on their next acquisition.
For sellers who are willing to perform adequate sale preparation, the numbers make seismograph services businesses a solid investment for qualified buyers in the business-for-sale marketplace.
Negotiation Exit Strategy
Negotiations have a way of dragging on forever. But sooner or later, someone needs to bring negotiations to a close. Unfortunately, that responsibility often falls on the seller. In a seismograph services business sale, a stalled negotiation can be an indication that the deal is dead. If you are adequately prepared, you'll know what your bottom line is -- and if the buyer is unwilling to meet your bottom line requirements or if negotiations are stalled, it's time to step back from the negotiating table and re-evaluate your options.
Advantages of Hiring a Broker
Brokers give seismograph services 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.
What to Expect in a Seismograph Services Business Sale
The sale of a seismograph services business can be a rollercoaster of emotions. One minute you'll be elated at the possibility of moving on the next stage of your life and the next minute you'll be nostalgic about the memories of your time at the helm of your business. The emotions of a sale are complicated by the fact that it may take time to locate the right buyer and the final sale price may be less than you think your seismograph services business is worth. You can prepare yourself by talking through your emotions with friends and family members, and thoroughly evaluating your minimum requirements before you put your seismograph services business on the market.
Have Friends Who Might Like This Article?
Let them know on LinkedIn
Ready to Learn More? We Think You Might Like These Articles:
Additional Resources for Entrepreneurs