Sell a Business Tips
Selling a Semi-Precious and Synthetic Stones Retail Business
No one said selling your business in a depressed economy would be easy. Fortunately, a semi-precious and synthetic stones retail business sale isn't as scary as it seems.
Today's semi-precious and synthetic stones retail business buyers tend to be more skeptical than most about the nation's economic outlook.
Most semi-precious and synthetic stones retail businesses are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
Advantages of Hiring a Broker
Brokers give semi-precious and synthetic stones retail 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. Although you will pay a fee for brokerage, it's generally worth it because the end result will be a higher sales prices and more favorable terms.
Pros & Cons of a Sale to an Employee
Employee sales have pros and cons. A faithful employee may have the motivation and ability to continue to operate the business. The time and expense of locating the right buyer will be nonexistent and you won't have to spend weeks showing the buyer every square inch of the company. Yet most employees lack the means to buy their employer's business at or near the asking price. Seller financing is one way to get around the capital deficit of an employee-based semi-precious and synthetic stones retail business sale, as long as you are willing to vet the employee's credit worthiness the same as any other buyer.
Understanding Market Timing
Worried about timing? Believe it or not, this could be an advantageous time to put a semi-precious and synthetic stones retail business up for sale. A depressed economy means lower interest rates; lower interest rates increase the number of investors willing to take a chance on semi-precious and synthetic stones retail businesses. As the interest rates rise, it will be more difficult for buyers to make the numbers work in their favor. So we see market timing as a concern that can be easily mitigated by applying fundamental sales strategies and adequately preparing your company for buyers.
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