October 19, 2020  
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Selling a Business


Selling a Service Station Builders Business

At first glance, an unstable economy would seem to be an unfriendly atmosphere for a service station builders business sale. At Gaebler, we think it's a great time to sell a service station builders business. Here's why . . ..

In a down economy, many service station builders business sellers wait to list their businesses until they see signs that the economy has rebounded, making it difficult to accurately evaluate the number of service station builders businesses that are actually for sale.
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But sooner or later, all good things must come to an end. And when that day arrives, you need to know how to sell your service station builders business in a way that achieves positive outcomes for you and the business.

Sale Costs

In a service station builders business sale, pricing is based on a number of factors, including the costs incurred during the sale. Hiring a broker is a mixed bag because although brokers can increase the sale price, they also take a 10% fee. Professional consultations can also represent a significant expense during the course of a service station builders business sale. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.

Preparing Your Employees

As a business owner, you want to keep you employees informed about your plans; as a seller it's in your best interest to keep your employees in the dark for as long as possible. You're concerned about confidentiality, and rightfully so. However, the longer the selling process drags on, the more likely it is that rumors will begin to circulate throughout your workforce. When that happens, it's best to have a frank conversation with your team rather than allowing rumors to circulate through the organization. Your employees will undoubtedly have many questions about their future with the company. Try to answer their questions to the best of your ability, but avoid making any promises that you are not authorized to make.

What to Expect in a Service Station Builders Business Sale

It's impossible to predict the emotional highs and lows you will experience during the sale of your service station builders business. Given your personal investment, you may also experience disappointment in the market's assessment of your company's value. Accurate expectations, a solid strategy and a strong support system can be valuable resources for coping with the personal impact of the sale.

More Info on Business Transitions and Related Articles

Ready to learn more? You may find these additional resources to be of interest.

Marketing a Service Station Builders Business

How to Sell a Business

How Much Is My Business Worth?

Pros and Cons of Using Business Brokers

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