Sell a Business Tips

Selling a Sewer Connections Business

It's a misconception that no one is buying sewer connections businesses these days. Savvy entrepreneurs see sewer connections business opportunities as a path to short-term profits and long-term growth. Here's what you need to know to get a fair price for your company.

Business sellers are notorious for second-guessing themselves about the right time to put their companies up for sale.

Undaunted by economic conditions, many sewer connections business sellers are achieving their sale goals through deliberate sale strategies.

Leveraging Industry Connections

Today's sewer connections business buyers can be found in a variety of locations. Online business-for-sale databases like BizBuySell.com offer convenient resources for sellers interested in promoting their business to a broad prospect base. For more targeted lead generation, consider tapping into your network of industry contacts. When leveraging industry relationships for sales prospects, you'll need to be cognizant of the potential for competitors to use knowledge of your sale against you in the marketplace. Your broker may be able to offer strategies for promoting your sale within your network while maintaining some remnant of a confidential sale.

Laying the Groundwork

A successful sewer connections business sale begins with careful planning. Although you are convinced your business has value in the marketplace, the planning process establishes a framework for communicating its value to prospective buyers. Professional business brokers understand buyers and know how to properly communicate a sewer connections business to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium sewer connections business opportunity.

Tips for Seller Financing

Capital is hard to come by these days. Financial institutions have tightened up their lending policies, making it difficult for inexperienced and undercapitalized entrepreneurs to buy sewer connections businesses. As a result, buyers expect sellers to finance a significant portion of the sale. It's common for sellers to finance as much as 70% of the purchase price with a payoff period of four or five years, sometimes in the form of a balloon payment at the end of the repayment period.

Share this article


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary